Pakistan: Growth Set Back by Structural Rigidities (The Quaid-i-Azam Memorial Lecture)

Shahid Javed Burki


This article has five parts. The first provides an overview of
major structural weaknesses in the Pakistani economy—I call them
faultlines. The following three parts describe the programme of
stabilisation and structural reform introduced by the caretaker
administration of Prime Minister Meraj Khalid. This government was in
office for 104 days, from November 5, 1996 to February 17, 1997. On
February 17, the government headed by Prime Minister Mian Nawaz Sharif
took office. The fifth part provides a brief assessment of what lies in
Pakistan’s future if the problems created by delayed structural reforms
are not addressed adequately and on time.

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