For the next government of Pakistan, continuing the economical growth of the country will be the biggest challenge. In a conference, ‘Economic Challenges for the New Government & other Sectoral Issues,’ organized by Investment Marketing Conferences (IMC), the speakers expressed this view.
The conference included many famous economists, corporate personalities, business entrepreneurs. Pak Tribune reports:
Hassan Bilgrami, President & CEO of Bankislami, said that China and India would be the two largest economies by 2050. UAE projects economic growth rate at minimum 10 percent for the next decade and Central Asia is the emerging energy hub of the world. "Even if Pakistan grows at 7 percent per annum, it will gradually lag behind the regional economies", he added.
He said that the common factors of growing economies are including system of government, rule of law, economic governance, institutional capacity, decentralisation and devolution and a national spirit.
Majority of the speakers of the conference agreed that Pakistan is now suffering from numerous economic and political problems and amidst all these continuing the growth will be a major challenge. Poverty, high price of oil, daily and international commodities, electricity shortages, tight monetary policy, widening fiscal deficits, budgetary borrowing are some of the major problems of Pakistan.
Speakers of the conference includes: Sakib Sherani, Head of Economic Unit ABN Amro Bank; Michel Sacleux former French Foreign Trade Advisor; Saeed Allawala Managing Director Atco Laboratories Limited; Rashid Mansur Chairman Investment Banks Association of Pakistan; Munir Kamal President & CEO of KASB Bank; Rehan Nabi Shaikh Chief Operating Officer HBL Asset Management.
Related article:
Pak Tribune
.jpg)
Pakistan is now going throw a bad political situation. because of previous leader of PPP it has turned into a worst position. Political problem can hurm the growth of economy. I hope in this time present government should take any steps.
Posted by: kamrul hasan | February 17, 2008 1:29 AM | Permalink to Comment