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Strategies & Market Trends : India Coffee House
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To: Mohan Marette who wrote ()5/28/1998 8:51:00 AM
From: Mohan Marette  Read Replies (1) of 12475
 
Will Pakistan default???? Well so much for Tit-for-Tat.

Possible scenario.

Severe Sanctions by the West resulting in possible default by the Pakis as their foreign currency reserve is only about one billion dollars and sort term debt approx.5-6 billion coming due in the next 1-3 months. I smell bankruptcy aka default.
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