Economy, Pakistan

Pakistan – No sign of a rainbow

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Banyan

No sign of a rainbow

Badly governed and short of the foreign help it needs, Pakistan’s people deserve a new covenant

….. Even the optimistic case for Pakistan’s survival is downbeat. It has long been “the most dangerous place on earth”, on the brink of some apocalypse. Yet it is more resilient than it looks. “This is Pakistan’s fifth last chance,” quips a government minister. Or, in the words of Husain Haqqani, Pakistan’s ambassador to America: “We’ll muddle through again.” Even if he is right, as Banyan hopes and believes, it is not just a question of limping through the next few weeks until the monsoon ends. The floods have washed away food and cash crops in the country’s agricultural heartland of southern Punjab. Livestock in the tens of thousands has been lost. Irrigation canals, roads, bridges and electricity networks have been damaged. The economic hardship will help provide recruits for terrorist outfits. Even if it survives without a political or social upheaval, Pakistan is going to worry its neighbours and the outside world for another generation.

To read full article >> The Economist

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