New Delhi: Pakistan’s economy is set to collapse in the next 10 years, warned Sindh’s Education Minister Jam Mehtab Hussain Dahar.
“Pakistan’s economy is going to collapse like that of Greece’s in the next 10 years. Pakistan has been divided into haves and have-nots classes,” he said at a conference in Karachi University on Tuesday.
According to a report published in www.tribune.com.pk, Dahar pointed that Pakistan is facing enormous challenges such as illiteracy, poverty, inequalities, corruption, energy and governance issues that have had a direct negative impact on the economic development and growth of the country.
“Pakistan is heading towards a social and economic hurricane that will cause great damage,” also said AERC director Prof Dr Samina Khalil.
Another economist Dr Kaiser Bengali observed that said that Pakistan’s exports are being reduced as compared to imports, which have increased.
ALSO READ: 90% people support demonetisation: Modi's survey
Over growing tension with India along the international border, a professor said that “it would be extremely harmful for Pakistan.”
"Tension with India is extremely harmful for us," said Pakistan Institute of Development Economics vice-chancellor Dr Asad Zaman.
“Pakistan needs to rethink and reconfigure trading patterns; self-sufficiency is the need of the hour,” he added.