What lies in our future?

Pakistan’s future has never seemed more uncertain than it appears today. The country faces difficulties on many fronts. The economy is weakening; it appears highly unlikely that the governing coalition in Islamabadwill be able to take the steps to bring growth back to the level needed to absorb two million additional workers that join the work force every year. 

The IMF has recently estimated that the economy needs to expand by seven per cent a year to keep unemployment from increasing. It expects that rate of growth at 3.4 per cent in 2012-13. The country’s external situation is weakening as it gets ready to service the large amount of accumulated debt, in particular, the amount owed to the IMF.

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