Pakistan Prime Minister Shahbaz Sharif on Tuesday cited three critical structural flaws. He has said that Pakistan was once considered the next 'Asian tiger' but has found itself in financial trouble. stalled its development and led to repeated boom-bust cycles.
PM Sharif wrote an essay
You may know that Pakistan turned 75 on Sunday, at the end of which PM Sharif wrote an essay in The Economist magazine, in which he said that the country in the 1960s, in its teens, was full of hope and promise because of its There was a date with destiny. He said the country was widely believed to be "ready to become the next Asian tiger". However, in 2022, Pakistan found itself caught in its latest economic crisis, Geo News reported on Monday.
In the essay PM, Sharif wrote, 'This [the latest economic crisis] has arisen from the most challenging global policy environment of our lifetime, characterized by a commodity supercycle, historic monetary tightening at the US Federal Reserve and a conflict in Europe that has engulfed a post-war era. is breaking the global order.
But it also stems from domestic vulnerabilities, vulnerabilities that have been left undiscovered for the better part of five decades; The vulnerabilities have forced us to approach the International Monetary Fund (IMF) several times during that time. This is not how successful nations are made.
Sharif then cited three critical structural flaws that stand out in the country. "They have stalled economic momentum, stunted our growth, and led to repeated boom-bust cycles since the 1980s," he said. He added, “First of all, our political environment has become increasingly polarised. Instead of arguing about how to run Pakistan better and free the country from poverty, political parties are hugging each other.
A new case of a border dispute between Nepal and India has come to light. The Nepal government ha
Lokpal: Lokpal to be sensitive while redressing complaints, RBI governor appeals
The ombudsman should be sensitive while the redressal of customer complaints. The RBI Ombudsman a
The Supreme Court set aside the Kerala High Court order granting anticipatory bail to the four ac
Congress leader Rahul Gandhi's 'Bharat Jodo Yatra' is getting huge public support in Kerala. This
Weather Update Today: Cold and dense fog continues to wreak havoc in many states of North India.
There is an outcry in China due to the coronavirus. Every day lakhs of people are coming under th
The US has expressed concern over reports claiming that white phosphorus has been used by Israel
There is a steady decline in the cases of corona in the country. The Health Ministry said that in
The news of relief has come to light in the country today regarding Corona infection. In fact, af
RBI Monetary Policy April 2023: The Reserve Bank of India has announced a new monetary policy. RB
