In an article in the New York Times, Economist Atif Mian discusses what has led to the persisting economic crisis, and what can save Pakistan’s economy.
His key points include the facts that Pakistan’s volume of exports has not risen since 2005 and the government is running on borrowed money right now, but people are ready for a change. He states that Pakistan elected Imran Khan because they want a change in their daily life.
Delving a little deeper into what Mian mentioned and the links that he provided in his article, the following infographics show the state of Pakistan’s economy.
Pakistan, since 2005, has remained an increasingly difficult place to invest in. The ranking in 2020 is 108, which means that ease of doing business has gotten better as compared to 2015 — when it stood at 138. The best time to invest in Pakistan was 2005, when the ranking was even better — at 65. The lower the World Bank’s ranking, the easier the time is to invest in Pakistan.
The graphic above shows that the best time for public and private investment in Pakistan in relation to the Gross Domestic Product (GDP) — any country’s total value of goods produced and services. The best time to invest in Pakistan was in the early 1990s and has been declining ever since.
The chart above shows that Pakistan had the highest amount of foreign investment in 2004, but it has been declining ever since (with a minimal boost in 2008).
As compared to other countries in Asia, Pakistan’s investment status is the lowest, especially in recent times.