Monday, July 6, 2015

US think-tank develops report on Pakistan economy


By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The Heritage Foundation, a US think tank, has developed a detailed document on the economical conditions of Pakistan and what actions the government of Pakistan must immediately take to revive the economy.

The document has been authored by Huma Sattar, a visiting Pakistani scholar, and James Roberts, senior analyst at the Heritage Foundation, with the title of the special report being ‘Pakistan’s economic disarray and how to fix it’ whose launching event was held on July 1 at the Lehrman Auditorium in Washington DC. 

Huma Sattar remarked on the ocassion that corruption, poor rule of law, regulatory inefficiencies among the myriad of problems that ail the Pakistani economy today have hindered sustainable growth and will continue to do so until the government implements structural reforms to overhaul the tax system and deregulate sectors such as the power sector. 

A large number of experts academia media people and others attended the event and talked about the report. 

Marc Schleifer, Director of Eurasia and South Asia, Center for International Private Enterprise Michael Kugelman, Senior Program Associate for South and Southeast Asia, Woodrow Wilson Center Mark Karns Multi-Sector, Advisor to the Office of Afghanistan and Pakistan Affairs of USAID, were other experts to have shared views in the panel discussion. Lisa Curtis conducted the programme.

1 comment:

Wasim Ali said...

The way karachi stock index and its share prices have rapidly increased during last one year tips that may it has been an artificial setting. what made karachi stock to shoot up like it did. It does not seem to be a normal thing. Even though I believe that Mr. Tarique khan has been very correct about everything he said on stock market, but this thing is lil scary. I fear karachi stock may drop rapidly as it shop up rapidly. Once the market started dropping, nobody would get a single chance to get out and sell their securities. Index is increasing every single. what would be the peak? From what point the market would reverse? How low the market would drop if it started to drop? How long the market could behave like this and sustain upper/bullish trend??