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Only export-led growth

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Pakistan’s inflation growth rate is clocking below 3% in current months; the dollar is stable; foreign reserves are up, exports are up while remittances and the stock market are at record levels.

Apparently, the government has done well in the last one year. So why is there pessimism? Why are businesses crying? Can it all just be political and social media, or is there a depth to this pessimism which still clouds the mind of a regular businessman?

Now, let’s examine the flip side which may give us an indication of what the short-term future holds for the economy and businesses.

Our population growth is growing by more than 2 percent a year, one of the highest rates in the world. Our GDP growth rate is hovering around less than 3%. In real terms, it’s a negative growth, meaning we have less job opportunities created than the increase in population every year, leading to........

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