Remedying the errors of the pastFor sustained economic growth it is imperative for any economy to achieve macroeconomic stability. Unfortunately that element has been missing all along in Pakistan, with the result that the economy experienced frequent phases of boom and economic melt-down. The 4.7 percent growth was surely an improvement on the 3 percent GDP growth rate on which the economy was stagnating by the end of 2013. Consequently when the present government came into power it inherited an economy which faced large fiscal and current account deficits and unmanageable debt liabilities. The ideal situation is when the country relies solely on indigenous resources to achieve proper economic growth.

Source: Pakistan Today June 18, 2019 15:56 UTC