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2012-06-04 India-Pakistan

Hafeez hints at going to IMF for bailout package

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Posted by Fred 2012-06-04 00:00|| || Front Page|| [14 views ] Top
File under: Govt of Pakistan

#1 The Pakistani government has embraced sharia finance & is littered with Islamic banks, but when they want real money, they seek interest-based financing from the IMF.

Posted by American Delight 2012-06-04 06:46|| http://moneyjihad.wordpress.com/ 2012-06-04 06:46|| Front Page Top

#2 but when they want real money, they seek interest-based financing from the IMF.
Posted by American Delight

Finance interest is easily offset by US foreign aid payments. It's a wash, no real deviation from sharia.

Posted by Besoeker 2012-06-04 06:52|| 2012-06-04 06:52|| Front Page Top

#3 Good point, Besoeker. I think we also give Pakistan loan guarantees, so if when they default, the IMF should still get their money back.

Posted by American Delight 2012-06-04 13:33|| http://moneyjihad.wordpress.com/ 2012-06-04 13:33|| Front Page Top

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