Pakistan: Growth Set Back by Structural Rigidities (original) (raw)
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The paper examines the structural rigidities that have hindered economic growth in Pakistan, highlighting issues such as a politically influenced monetary system, a weak financial sector, low domestic savings, high debt levels, and poor investment returns. It stresses the interconnectedness of political and economic crises, advocating for detailed analysis and transparent discussions to address the accumulated imbalances. Proposed reforms under Mr. Burki's stewardship aim to reduce fiscal deficits and increase foreign exchange reserves, yet the necessity for political stability and institutional strength is emphasized to ensure successful implementation.
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