Stories about Pakistan’s economy: Feeling undervalued

Pakistan needs to stop spending on its defence so much

It was October 30, 2003 – 11 and a half years ago – when someone at The Economist penned an article titled Pakistan’s economy: Feeling undervalued. For the next three years, every Taimur (Tom), Danial (Dick) and Haris (Harry) praised and rejoiced the unprecedented economic growth rate in the history of Pakistan. But what happened with the West’s financial press that suddenly – and finally – people started taking about a Pakistan with something else to offer than its role in War on Terror? The answer is surprisingly simple; falling oil prices – and the economic growth that followed suit. In the fiscal ...

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