Pakistan Faces Uphill Battle to Revive Economy and Implement Critical Reforms
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Pakistan's economy is stagnant with low growth, high inflation, and insufficient investment in critical areas like education and healthcare.
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Raising revenue collection to 25-30% of GDP is needed to finance necessary investments, but will require doubling of savings rates.
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Following China's model of sustained high investment over decades is recommended, but won't be easy for Pakistan.
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Resolving the economic crisis requires major political and governance reforms, not just textbook economics.
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Mobilization of the middle class is key to pressuring elites to implement pro-people governance and reforms.