G8 vows unity on crisis

Published October 16, 2008

WASHINGTON, Oct 15: Leaders of the Group of Eight (G8) major economies pledged on Wednesday to hold a global financial crisis summit “in the near future” with other key countries.

“We are confident that, working together, we will meet the present challenges and return our economies to stability and prosperity,” they said in the statement, released by the White House.

Leaders of the G8, which groups Britain, Canada, France, Germany, Italy, Japan, Russia and the United States, “are united in our commitment to fulfil our shared responsibility to resolve the current crisis,” they said.

The G8 also embraced the idea of an emergency international summit on the crisis.—AFP

Opinion

Editorial

GB polls’ aftermath
Updated 11 Jun, 2026

GB polls’ aftermath

The new administration must address the region’s issues proactively.
Peace in retreat
11 Jun, 2026

Peace in retreat

THE ceasefire announced in April was supposed to create space for negotiations. Instead, it has been repeatedly...
A few good men
11 Jun, 2026

A few good men

IT was a brave move, no doubt. This Tuesday, in the land of the Afghan Taliban, a few good men decided to take a...
Centre vs provinces
Updated 10 Jun, 2026

Centre vs provinces

The reason the centre finds itself in this position is rooted in its failure to expand the tax net and boost revenues.
Party in crisis
10 Jun, 2026

Party in crisis

THE young KP chief minister must be starting to realise just how thorny a seat he occupies. There has been a flurry...
Varsity woes
10 Jun, 2026

Varsity woes

FINANCIAL crises affecting public sector universities across Pakistan are now having an impact on academic...