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"Pakistan has a tremendous amount of economic potential and has shown a tremendous amount of resilience over the past few years"
Shamshad Akhtar, State Bank of Pakistan |
Pakistan is a country of contradictions. On the one hand, economic growth is relatively healthy and the stock market is hitting record highs. On the other, inflation is a worry, as is a growing current account deficit. Which is the more accurate barometer of Pakistan’s medium-term prospects?
Pakistan has a tremendous amount of economic potential and has shown a tremendous amount of resilience over the past few years. The outcome in 2007 was, by all yardsticks, a decent one. What is complicating the situation, aside from our domestic politics, are inflationary pressures emerging from the food sector and higher oil prices. So there are a few problems.
Given these issues, what is the single-biggest financial problem facing the country?
This...
