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Article

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Pakistan’s growth rate during the last five years has averaged about three percent and, in per capita terms, has stagnated at almost one percent. Living standards of the middle- and lower-income groups have been threatened by double-digit inflation, weak growth income, shortages of energy, deteriorating security of life and property and a lurching sense of despondency. The best stimulus to address these problems is to encourage investment, expand production and incomes and raise the demand for employment. Unfortunately, the trends in investment – public, private and foreign – are negative. Besides law and order, widening fiscal deficits, red tape and bureaucratic delays, corruption, infrastructure deficiencies and inadequate supply of skilled manpower, another set of risks of doing business has begun to deter investment in the country.

Publication Source

The News

Publication Date

1-14-2013

Pages

1-3

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