Pakistan’s Impending Economic Crisis
One of the biggest achievements of Musharraf’s rule, according to him, was that he turned around a tottering economy. Rescuing it from the verge of default, he brought it to a state where it was declared a success story by the International Financial Institutions. GDP was growing at a healthy rate of 6.5 to 7.5 per cent and even touched nine per cent in 2005. ADB projected a 6.5 per cent GDP growth for 2008 in its report released in December 2007.
- Published: April 21, 2008