LONDON, Mar 11 (SABAH): Pakistan seems to be returning to a more stable and prosperous state.
This was stated in an article appeared in London based magazine “The Economist”.
The article said the broadly indicative is that Pakistan’s stock market has risen faster than any other in Asia over the past twelve months, by a heady 50%. It is said poverty has fallen and the urban middle class is growing.
It said big investments in power infrastructure mean that power cuts are now down to a more manageable 6-8 hours a day. The government hopes to eliminate them entirely in time for national elections next year.
Earlier on Friday, Indian newspaper “Economic Times” in its article said Pakistan is on the radar of investors hunting for an economy poised for long-term growth.