Pakistan’s Bailout

Pakistan is about to begin discussions with the IMF over the terms of an expected bailout package. And not soon enough considering the increasingly alarming reports about Pakistan's economic situation over the last few days. The Financial Times says Pakistan's position is the "most precarious" among countries lining up for IMF rescue packages. UPI warns that "Pakistan is now on the verge of default. It needs $3 billion within a month to maintain its debt service schedule and $10 billion over two years." See the World Bank's overview for more in depth information.