Washington, Mar. 23 : The famous Foreign Policy magazine has ranked Pakistan President Asif Ali Zardari as the fifth biggest loser in the world.

"Zardari was known to be a bad guy long before he became Pakistan's president. Many of the closest friends of his late wife, Benazir Bhutto, could not stand him. Now, as it turns out, neither can most of the Pakistani people," the magazine stated.

According to the magazine, Zardari's giving in to the demands of former Prime Minister Nawaz Sharif's of reinstating the judiciary and particularly former Chief Justice Iftikhar Muhammad Chaudhry has made him weaker.

"He's on the ropes, his opposition is gaining strength, and meanwhile fraught, dangerous, complex Pakistan is hardly being governed at all," the magazine said.

Other biggest losers in the list are US Democratic Senator, Chris Dodd at number four, US swindler Bernie Madoff at number three, and the Roman Catholic Pope on the second spot for his `out of touch with the real world' view.

The magazine has termed Pope's papacy as a `disaster', The News reports.

Austrian businessman, Josef Fritzl has been ranked the number one loser.

Fritzl, 73, is currently facing trial for putting his own daughter in a dungeon beneath his house and raping her for over 24 years continuously.

The list also has British Prime Minister Gordon Brown on number ten, and Israeli politician Benjamin Netahanyahu on the ninth spot. (ANI)