Pakistan in talks with IMF for multi-billion support package
Hoping to avoid a fiscal crisis stemming from the global financial crisis, Pakistan is in talks with the International Monetary Fund about receiving a $10 billion to $15 billion support package to stabilize its economy. The IMF estimates Pakistan's fiscal shortfall at $3 billion to $4 billion annually. The scale of the support package represents international fears about the prospect of collapse in Pakistan, a nuclear nation where terrorists and extremists are active. Financial Times (free content) (10/20)