Economic Scorecard

There has been scathing criticism of the Pakistan economic performance by some leading economists of the country, who continue going hoarse trying to raise some pressing economic issues facing the country. At the same time the government has received ‘glowing’ accolades from multi-lateral and rating agencies on the different facets of economic performance. The Government too has been providing clarifications on the debt situation of the country in an effort to allay fears over a situation that has been termed alarming by some quarters. For the layman it becomes increasingly difficult and confusing to decipher the economic indicators and determine where we actually stand. The economic statistics portray a mixed trend and it is important to understand how the country has fared over the past three years, in comparison to when the present Government assumed power. It is no mean feat that institutions such as Bloomberg, PWC, Reuters, Fitch, S&P, and Moody’s have not only praised the economic performance of Pakistan, but cited it as one of the potentially fastest and higher growth economies. Pakistan stock market has been also highlighted as one of the best performing indices in the region and the country has received stable ratings. All positives that need to be recognized.

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