Investors perceive SBP’s signals of potential rate cuts as a green light for increased borrowing and spending, which could stimulate economic activity.
In 2023, Pakistan was grappling with the risk of debt default, unprecedented inflation, record-high yields on government bills, and political instability. But 2024 is all set to be a happy new year.
The Modi govt shifted the burden of investing for growth from companies to the public sector. The share of government capital spending in GDP terms has doubled since 2014.
The Modi govt shifted the burden of investing for growth from companies to the public sector. The share of government capital spending in GDP terms has doubled since 2014.
Pakistan lacks capacity to deliver aircraft at pace suggested by its claimed contracts as it depends on China for avionics, electronic warfare, weapons, and on Russia for engines.
Pakistan not only has zero chance of catching up with India in most areas, but will inevitably see the gap rising. Its leaders will offer its people the same snake oil in different bottles.
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