Sunday, July 26, 1998
IMF may unveil bail-out package for Pakistan
The International Monetary Fund (IMF) is likely to announce a "bail out" package shortly for Pakistan which faces a massive foreign currency debt of over US $32 billion, according to indications here. "An IMF deal is in the works," Pakistan's finance minister Sartaj Aziz told reporters here after his talks with the deputy secretary of state Strobe Talbott.
"Indo-Pak hostility renders SAARC impotent"
Smaller member countries of the SAARC have resigned themselves to watching another round of wrangling between their two big brothers -- India and Pakistan at the 10th SAARC summit here next week.
It's a beginning from zero, says Obuchi
Supporters cracked open a barrel of sake and the victor raised his arms in triumph to chants of banzai.
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