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Economic strife devastates Pakistanis

BanglaBhoot

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KARACHI, Pakistan | A grim reminder of Pakistan's economic crisis arrived in the last 10 days of November, when three mothers from the same extended family abandoned eight children in one day at a welfare center.

The sobbing children clung to their mothers desperately, grabbing their shawls and wailing miserably. One little boy cried hysterically, refusing to let his mother leave.

Eventually, the mothers left, saying they were unable to feed the children and begging the Edhi Foundation to take care of them.

Bilquis Edhi, wife of the foundation´s patron, Abdul Sattar Edhi, told journalists that in all her years of serving the poor, this incident was the most shocking.

"So many children of living parents being left at a center in one day is unprecedented," she said. "It's never happened before. I almost cried myself as I saw the mothers and children cling to each other."

As tensions rise between Pakistan and India over accusations of Pakistani involvement in the recent terrorist massacre in the Indian city of Mumbai, Pakistan's economic crisis has a security as well as a humanitarian dimension.

Nonprofit groups here say the situation has worsened in recent months with a sudden peak in the prices of food and fuel and a new civilian government unable to provide sufficient subsidies.

The Edhi Foundation is the largest nonprofit humanitarian organization in Pakistan. Funded solely by donations, the foundation provides 24-hour emergency assistance in many cities, women's shelters, free schooling and medical care.

The eight children who arrived at the center recently spent their first few hours huddled in corners, refusing to talk or eat. The crisis was resolved when the center gave each mother the equivalent of $1,200 and they agreed to take their children home.

A thousand dollars is a fortune for the poor in Pakistan, where according to the World Bank almost one-third of the population -- about 40 million people -- live below the poverty line.

Washington Times - Economic strife devastates Pakistanis
 
time to tighten the belt and start working.. its very unfortunate that the crisis created by the wealthy hits the poor the hardest...
 
Thomson Financial News

UPDATE 1-Pakistan's Nov trade gap narrows to $1.196 bln

12.12.08

KARACHI, Dec 12 (Reuters) - Pakistan's trade deficit narrowed to $1.196 billion in November from $1.62 billion in November 2007, and fell even more sharply from last month's deficit of $1.94 billion.

According to the Federal Bureau of Statistics data released on Thursday, exports stood at $1.53 billion in November, little changed from $1.54 billion in the same period of last year.

Imports fell to $2.72 billion in November from $3.16 billion a year ago, the data showed.

'Exports have not seen a rise, but imports have seen a sharp decline over October and also from November last year,' said Farhan Rizvi, an analyst at JS Global Capital Ltd.

'A decline in imports may be because of a decline in international oil prices and other commodities.'

Details of exports and imports have not yet been released.

Imports in November fell 21.5 percent from October and 14 percent from November last year.
 
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