Where We Stand?
Pakistan & Gulf Economist 2011, May 22, 30, 20
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Publisher Description
Byline: CAPT. ANWAR SHAH Pakistan with a dismal GDP growth of 2 per cent and dwindling FDI is turning into a basket case, with Pak rupee dipping to 85. The prevailing system lacks the resolve to solve the problems and has miserably failed. We owe about 60 billion USD foreign debt and are in fiscal quagmire. The unwise economic and industrial policies in particular power and gas load shedding has brought the industry to its knees. The Pakistanis seem helpless to rid the masses from corruption in high places, nepotism of the rulers and politicians. People are looking for escape from the grind of misery and shackles of injustice and poverty.