303 | Javed Hassan: Indo-Pak Relationships, IMF, Structural Reforms & Resolving Economical Crisis
Thought Behind Things
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Chapter 11 Restructuring Increases the Chances of Growth in Pakistan
We are forgoing growth just to meet our debt obligations, he says. We should be a responsible country and we should want to meet our debts, adds the dealer. Pakistan is not quite at the same stage as Sri Lanka, but we are beginning to see the effects of its financial crisis - this is likely to get worse. The biggest problems apart from the RDA's credit problems come from overseas Pakistanis who have lost confidence in Western investors because they've been over-indulged on loans.
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