Chinese Projects, Reforms Boost Pakistan's Growth To Fastest In 13 Years

Pakistan's economy is growing by 5.8 percent this fiscal year, the fastest pace since 2005, aided by structural reforms and China's new Silk Road project, the government estimates."We would have achieved 6.1 percent without political turmoil," Pakistani Minister for Planning and Development Ahsan Iqbal said in Islamabad on April 26.The country fell into tumult last year when then-Prime Minister Nawaz Sharif was forced to step down amid graft allegations.Pakistan has also been plagued for years by insurgencies by the Taliban and other militant groups which have inhibited investment and growth in the economy, as have chronic energy shortages that have hampered its industries.But with security improving and the International Monetary Fund declaring in October that Pakistan has emerged from crisis after completing a bailout program, confidence in South Asia's second-biggest economy is growing.…………….Please Log in or Subscribe to view full details…..

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