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India-Pakistan
Imran Khan leaves for Saudi conference saying Pakistan "desperate" for loans
2018-10-23
[Al Ahram] Pakistain Prime Minister Imran Khan
... aka Taliban Khan, who who convinced himself that playing cricket qualified him to lead a nuclear-armed nation with severe personality problems...
left for Soddy Arabia
...a kingdom taking up the bulk of the Arabian peninsula. Its primary economic activity involves exporting oil and soaking Islamic rubes on the annual hajj pilgrimage. The country supports a large number of princes in whatcha might call princely splendor. When the oil runs out the rest of the world is going to kick sand in the Soddy national face...
to attend an investment conference boycotted by other leaders over the death of journalist Jamal Khashoggi at the Saudi consulate in Istanbul, The Sick Man of Europe Turkey
...Qatar's colony in Asia Minor....
Khan told an interviewer before leaving he was concerned at Khashoggi's death but could not skip the conference because "we're desperate" for possible Saudi loans to shore up Pakistain's economy.

It is Khan's second visit to Saudi Arabia in just over a month, but he has not succeeded in securing significant financial assistance to stave off a looming balance of payment crisis.

Khan told the Middle East Eye in an interview published on Monday that he could not pass up the invitation to meet Saudi leaders again.

"The reason I feel I have to avail myself of this opportunity is because in a country of 210 million people right now we have the worst debt crisis in our history," he was quoted as saying.

"Unless we get loans from friendly countries or the IMF (International Monetary Fund), we actually won't have in another two or three months enough foreign exchange to service our debts or to pay for our imports. So we're desperate at the moment."

Finance Minister Asad Umar and Commerce Minister Abdul Razak Dawood are accompanying Khan, a statement from Khan's office said on Monday, adding it "will give a chance to connect with those people who are interested in investing in Pakistain".

Islamabad has already asked the IMF to open negotiations for the country's second potential bailout in five years.

Khan, who took office in July, still has been seeking alternatives to the tough conditions the IMF is likely to impose for loans, limiting his vision of an Islamic welfare state.

The central bank's foreign reserves dropped this month to $8.1 billion, a four-year low and barely enough to cover sovereign debt payments due through the end of the year. The current account deficit has swelled to about $18 billion.

Posted by:Fred

#4  They could probably sell the whole country to the Chinese as a resettlement camp for the Uighurs and bombing range.
Posted by: AlanC   2018-10-23 11:08  

#3  Maybe the Chinese will want you.
Oh, opium and muslim.
Maybe not.
Posted by: Skidmark   2018-10-23 10:58  

#2  Khan, who took office in July, still has been seeking alternatives to the tough conditions the IMF is likely to impose for loans, limiting his vision of an Islamic welfare state

Oh darn!
Posted by: Frank G   2018-10-23 09:52  

#1  because "we're desperate" for possible Saudi loans to shore up Pakistain's economy.

Sell more opium or reduce terror spending.
Posted by: Skidmark   2018-10-23 09:41  

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