In Punjab textile industry is booming maybe not knitting but printing, dying and exports are sky rocketing, the textile exports are enough to figure out that.
did you bother to check the commercial land prices in central Punjab, you will be blown away my very close family member sell a prime 4 and half Marla for 140 million cash RS. If business is going down I wonder why real estate prices are going up.
what is happening is actually the size of underground and undocumented is growing faster then actual economy !
Instead of getting into long arguments, for a lay person to judge economic performance of a country all he has to do is look at the exchange rate of his currency to know who if he is better or worse off.
While the rest of our region has been growing quite well Pakistan has been growing slowly that it cannot even provide jobs to its youth. Pakistan needs to growing its economy by at least 6% a year. Less than 6% growth means that poverty is increasing. Zardari has failed in everything except corruption, in which he has beaten all records.
^^^
Agreed that we could do much better on economic front if we realize fully our potential.. but to say Pakistan is a bankrupt economy is an exaggeration.
There are a lot of good things also happening in the country on business front. Recent results announced by KSE companies show impressive growth in organized sector.
Exchange rate parity is not the only indicator to determine the economic potential of a country. India currency has deflated from Rs. 42 to Rs. 57 just in one year while our devaluation is much lower than that. Doesn't mean India has become a bankrupt economy.
We have our problems on economic front.. which by no means indicate that everything is lost. Zardari government has improved the situation significantly on internal security fronts which is now showing results and net growth rate of GDP has increased significantly in last two years. If things move in the same direction for a couple of more years.. the economy will become robust again..