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Pakistan Taps Expats To Avoid Bankruptcy

By LIFS November 12, 2008 at 10:50 AM
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Pakistan, seeking to stave off bankruptcy, is pleading for help from its expatriate community. The government, which has also turned to the International Monetary Fund, is urgently seeking $10 billion from its diaspora to avoid defaulting on its debts.

 
The estimated 3 million Pakistanis working abroad remitted a record $6.45 billion to Pakistan last year.

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Business | Magazine | November 2008

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