World Bank: Pakistan Risks Crisis

[ehtasab]

Re: World Bank: Pakistan Risks Crisis

@Shamraz_Khan

After 8 years of economic mismanagement by Mushrraf and his corrupt cronies I hope the new govt take right steps to bring country out of economic mess.

http://ap.google.com/article/ALeqM5i0qDSNyevhARFJY0DWJ8fvEhEhZgD8VLQ9Q00

World Bank: Pakistan Risks Crisis

By STEPHEN GRAHAM – 2 hours ago

ISLAMABAD, Pakistan (AP) — Pakistan’s new government must take urgent action to prevent the country’s economy from tipping into crisis, the World Bank warned Thursday.

Thats I think is key word here, Pakistan must take action to prevent stepping into crisis.

@Shamraz_Khan

But some economists warn the current expansion is heavily reliant on a boom in consumer spending and money sent home by Pakistanis working abroad and that the country produces too few high-value exports.

Now that is scary part if true, IMO.

As Stircrasy pointed, its all talk without facts/numbers, more like ‘gossip’.