Latest Economic Decline News & Updates

Pakistan’s Growth Model Unsustainable for 250 Million Population: State Bank of Pakistan Governor

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New Delhi, Dec 27 (IANS) State Bank of Pakistan Governor Jameel Ahmad’s warning that Pakistan’s growth model is “unsustainable” for a population of 250 million comes at a time when business cycles in the country shorten, and each recovery is weaker than the one before, a report said on Saturday. The report from European Times said that the comment came at a time when Pakistan is suffocating under soaring poverty, historic unemployment, and a prolonged phase of stabilisation that has crushed ho…