ADB Outlook 2014: Pakistan needs years to end power woes
Bank says economic reforms initiated by government in the past year contributed to improved economic conditions
ISLAMABAD:
The Asian Development Bank (ADB) in its recent report has said that Pakistan needs several years of concerted national commitment to eliminate electricity shortages and effect the structural reforms necessary to achieve high and inclusive growth. The bank in its Asian Development Outlook Update 2014 said that economic reforms initiated by the government in the past year contributed to improved economic conditions, growth edged up, budget deficit shrank, foreign exchange reserves strengthened and a sovereign bond issue enhanced policy credibility Pakistan in recent years has endured low growth and chronic power deficits.
Published in The Express Tribune, October 18th, 2014.
The Asian Development Bank (ADB) in its recent report has said that Pakistan needs several years of concerted national commitment to eliminate electricity shortages and effect the structural reforms necessary to achieve high and inclusive growth. The bank in its Asian Development Outlook Update 2014 said that economic reforms initiated by the government in the past year contributed to improved economic conditions, growth edged up, budget deficit shrank, foreign exchange reserves strengthened and a sovereign bond issue enhanced policy credibility Pakistan in recent years has endured low growth and chronic power deficits.
Published in The Express Tribune, October 18th, 2014.