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Pakistan was seeking the aid from China, an important ally, as it faces the possibility of defaulting on its current account payments.
If it doesn't, the world's largest economy faces the possibility of defaulting on its debts, a move that would send shock waves around the global economy and financial markets.
It all means the United States could face the possibility of defaulting on its debt and losing its prized triple-A credit rating.
From 14 to 17 October 2008, he was in China to negotiate foreign aid, as Pakistan faced the possibility of defaulting on its payments.
After the loan agreement is signed, the borrower should make plans to pay off this longer-term personal loan and avoid the possibility of defaulting, where the borrower can end up with bad marks on credit and loss of assets.
Similar(52)
Without a deal to receive its remaining bailout cash soon, Greece faces the grim possibilities of defaulting on its debt or ditching the euro.
In April, the talk shifted to the possibility of default.
And yet, a growing number of Republicans are questioning the possibility of default.
As the possibility of default looms larger, many Greeks are worried about what it would mean.
Second, avoid the possibility of default on the nation's debt.
THE sovereign debt crisis has a new potential casualty with the new government of Hungary raising the possibility of default.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com