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‘Touted as Asian tiger...’: Pak PM's big admission on financial crisis

Published on Aug 17, 2022 03:49 PM IST

  • As Pakistan turned 75, PM Shehbaz Sharif penned an essay in The Economist magazine, admitting that the nation was caught in an economic crisis. "Pakistan was once widely thought to become the next Asian tiger, but has found itself mired in financial crisis," said Sharif. He cited three critical structural flaws that have prevented its economic take-off, stunted its growth and led to repeated boom-bust cycles. He stated that the country in its adolescence, in the 1960s, brimmed with hope and promise as it had a date with destiny. Remember, Pakistan is eyeing a bailout plan from IMF and a meeting in this regard is to be held by the end of this month. Watch this video for more details.

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