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Pakistan, potential donors to draw up plan
17 Nov 2008 16:38:47 GMT
Source: Reuters
(Adds plan)

ABU DHABI, Nov 17 (Reuters) - Pakistan and potential donors agreed on Monday to draw up a plan to help the Asian country in the face of a financial crisis and security challenges, a statement said.

"The meeting agreed to formulate a workable strategy through which Pakistan can be assisted in its energy needs, economic uplift, infrastructure development, institution building, improved trade access and security," said the statement issued after a "Friends of Pakistan" meeting in the United Arab Emirates.

Pakistani officials earlier held talks with representatives of 14 countries, including the United States and Saudi Arabia, following a $7.6 billion IMF emergency loan agreed at the weekend as part of a broader economic rescue plan.

"It was agreed that coordinated international cooperation with Pakistan is needed to address the challenges it faces, and affirmed the need to build strategic partnerships with government of Pakistan to promote economic development and financial stability ...," the statement added.

The international community is concerned that economic chaos in the nuclear-armed state could play into the hands of al Qaeda and allied Islamist militant groups seeking to destabilise the Muslim nation of 170 million. (Reporting by Stanley Carvalho; Editing by Ron Askew)


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A security escort vehicle followed by a truck load of supplies drive past Khayber pass November 17, 2008. Pakistani security forces escorted a truck convoy carrying supplies for Western forces in ...



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Last updated:Mon Nov 17 16:40:56 2008