Pakistan’s Rebound Masks Deeper Problems Weighing on Economy
Pakistan’s soaring stock market, record foreign reserves and improving credit ratings are signaling an economy on the mend. Beneath the surface, the recovery remains far less convincing.
By Bilal Hussain (News) and Tooba Khan · Bloomberg Markets
Pakistan’s soaring stock market, record foreign reserves and improving credit ratings are signaling an economy on the mend. Beneath the surface, the recovery remains far less convincing.