Monday, March 20, 2006
Pakistan: The Most Surprising Economic Success Story
The proof is in the numbers. Last year the country’s GDP growth rate hit 8.4 percent, the world’s second highest behind China, following two years of solid 6 percent growth. It’s a heady turnaround for a nation that, in the late 1990s, was practically a failed state with near-zero GDP growth. Because of its headlong …
Continue reading »The Great British-Pakistani Boxing Hope: Khan
He is a British citizen of Pakistani descent and a practicing Muslim. At 11, he was a boxing prodigy. By his teens, he was the best young amateur boxer in the United Kingdom. Amir Khan is a slender 19-year-old with smooth skin the color of café con leche. His handshake is weak, his long, delicate …
Continue reading »Pakistan’s Debt Rating Gets a Boost
Moody’s raised its outlook on Pakistan’s sovereign B2 foreign currency debt rating, which is five rungs below investment grade and the same as Indonesia’s, from “stable.” Pakistan’s $100 billion economy is forecast to expand 7 percent in the year to June 30 after growing 8.4 percent in the previous 12 months, the fastest pace in …
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