It’s time for the country’s policymakers to redefine priorities and focus on the right areas to usher in stability and economic prosperity
Discussion on Pakistan in the international media almost never finds the bandwidth to focus on its economy for reasons that are not very difficult to understand.
The International Monetary Fund (IMF) this week released the 2015 staff report on Pakistan after the so-called Article IV consultation, a process in which the Fund holds bilateral discussions with its members. It showed that economic conditions have improved moderately and growth has accelerated to 4.2% in the financial year 2014-15 compared with 3.7% in 2012-13. Improvement was also noticed in the budget and current account deficit.
It is not surprising that security concerns, also highlighted by the IMF, remain a key impediment to investment and economic growth in the country.
Maybe it is time for policymakers in Pakistan to redefine priorities and focus on the right areas to usher in much-needed stability and economic prosperity.