In the days to come, they will find themselves rolling a lot of things back.www.dawn.com
IT is here and it is blowing up on them massively now. The double tsunami of inflation and a rising trade deficit blew its bounds in the month of November and there are no indications yet that we have hit the peak. Faced with this situation, they are now increasingly wearing a haggard look and getting testy in their temperament. They have every reason to. The road ahead is a tough one, and the circumstances anything but conducive to decisive decision-making.
As explained by Abraj, Pakistan's economy runs in a different way. Their formal sector is doomed, but their informal sector is growing itself. The current informal sector has 56% of GDP's capital as compared to 5% in 50's then 15% in 60s. That's close 185 billion dollars.
They want to bring their informal sector to 100% of GDP, which will not be under any world bank scrutiny.
It is similar not same, to Manmohan's idea of keeping two economies. One informal and second formal, they both support eachother.