Pakistan's economy on the rise despite wave of recent terror attacks
Pakistan is set to become one of the world's most exciting emerging markets, expressed Afshin Molavi
WEB DESK (Dunya News) - In spite of the fact that fact that the recent terrorist attacks hit several parts of the country while spreading a wave of terror, Pakistan’s economic growth is reported to have been progressing with the same pace.
This was revealed by a recent article published in Washington Post.
Afshin Molavi who is the co-director of the emerge85 Lab and a senior fellow at the Foreign Policy Institute of the Johns Hopkins University School of Advanced International Studies has expressed in an opinion piece for the US Daily.
She professed that Pakistan is set to become one of the world’s most exciting emerging markets.
"Look beyond the headlines and see Pakistan today. It boasted the best stock market in Asia in 2016. The high-flying Karachi Stock Exchange Index is up more than 52 percent over the past year — and rising. The exchange broke through the vaunted 50,000 mark last month — a first in history," she wrote in her article.
While throwing a light over the fact of International financial institutions hailing Pakistan’s economy, Molavi revealed, "What s more, Pakistan is winning plaudits from the International Monetary Fund, and its economy is forecast for a healthy 5.2 percent growth rate in 2017, according to the World Bank."
As far as Pakistan’s middle class is concerned, the analyst commented, "Robust middle classes are vital to healthy societies and growing economies, and Pakistan’s middle class may have reached a tipping point, with some estimates suggesting that it accounts for more than half the population."
