IMF Orders Pakistan to Cut Military Spending by 1/3

The International Monetary Fund yesterday ordered Pakistan to cut military spending by almost a third as fears grew that the nuclear-armed nation’s economic crisis was now so bad that its role in the war against al-Qa’ida and the Taliban was imperilled. The secret IMF demand – one of several measures that the bankrupt country is [...]

28 October, 2008 | 1 Comment »