Pakistan’s Economy is in Silent Decline

During the recent Eid holidays, Optimus Capital Management (OCM) unveiled two infographics shedding light on the contrasting economic trajectories of Pakistan and India.

The infographics spotlighted Pakistan’s economic downturn over recent decades, with growth rates plummeting from over 6% in the early 1990s to an average of 3.4% in the last 15 years. Projections indicate a further deceleration to an average of 2% over the next five years, exacerbating issues of income inequality and unemployment. Meanwhile, India’s economy has maintained a steady upward trend since the 1990s, propelled by investments in education, technology, and a robust private sector.

Dr. Ashfaque Hasan Khan, a Senior Economist, voiced apprehension regarding Pakistan’s economic stagnation, attributing it to ineffective policies and a heavy reliance on international financial institutions like the IMF. He critiqued measures such as currency devaluation, high-interest rates, and austerity measures, which have hampered Pakistan’s competitiveness and industrial development.

Despite the challenges, OCM CEO Asif Qureshi underscored the significance of leveraging publicly available data to scrutinize economic patterns. He highlighted the pivotal role of local policies and global geopolitics in shaping the economic destinies of nations.

The release of these infographics offers valuable insights into the economic landscapes of Pakistan and India, prompting reflection on the need for strategic reforms to revitalize Pakistan’s economy and foster sustainable growth.

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