Pakistan is returning to a more stable, prosperous state: Economist

Pakistan is returning to a more stable, prosperous state: Economist

ISLAMABAD: Pakistan seems to be returning to a more stable and prosperous state, Economist magazine said in an article published in its latest edition.

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 percent.

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, Indian newspaper Economic Times in its article said Pakistan is on the radar of investors hunting for an economy poised for long-term growth.

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