Pakistan hopes for Saudi aid amid financial crisis
By JERUSALEM POST STAFF
Pakistan is turning to Saudi Arabia for financial aid to ease an economic crisis that already has forced the militancy-wracked South Asian nation to start talks with the International Monetary Fund.
Pakistani President Asif Ali Zardari arrives Tuesday in the oil-rich Arab nation to request a deferral on oil payments and other possible support, the Foreign Ministry said. Another potential topic: negotiating with the Taliban.
Nuclear-armed Pakistan needs billions in outside assistance to avoid defaulting on its international loans. The impoverished nation of 170 million people is hampered by high inflation, chronic power outages and a sinking currency, as well as a violent Islamist insurgency - all of which threaten to undermine the fledgling pro-US government.
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