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Pakistan's Economic Crisis

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Pakistan's Economic Crisis

Even though Pakistan's financial crisis isn't directly linked to Wall Street's credit crunch or to subprime mortgages, the country's leaders seem confident that Pakistan will get its own bailout. President Asif Ali Zardari has spent the last month mending fences with India and playing nice with Washington. Zardari is now in China, where he will ask for a soft loan of as much as $1.5 billion. Why is he so confident Pakistan will get the money, when only recently Iceland had to go begging to Russia? Here are the reasons.