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Library Resource
Pakistan's rebound from the global
financial crisis has been slow and fragile, and unless it
changes course swiftly, it could face the prospects of a
second balance of payments crisis in less than five years.
Its recovery from the 2008-09 global financial crisis has
been the weakest in South Asia, featuring a unique
double-dip growth pattern. With high fertility, Pakistan
will double the size of its already young population by
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Library Resource
This paper revisits the identification
of the binding constraints to investment and growth in
Pakistan by rigorously applying the growth diagnostic
framework. It has a central finding: Pakistan's
economy faces two major groups of constraints emerging and
structural. The emerging constraints include infrastructure
(energy) deficit, high macro-fiscal risks, and inadequate
international financing (high country risks and low FDI
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