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Senior Brookings Institution fellow Charles Ebinger has said that Pakistan’s poor pricing and lack of incentive for gas development had led to problems in its gas sector, and that Pakistan’s economy was suffering from the lack of power.

 

The recently ended Fourth South Asia Economic Summit has highlighted the need for political will and firm commitment of governments as vital to the prosperity of the region.

 

The South Asian experts are asking to boost up regional demand, co-operation and integration to fight the economic crisis looming over the south asia economies. The questions and statements raised by the experts leaves behind the crucial problem of finding out  a  sheild to curb the looming crisis.

 

Private sector-led growth in South Asian countries can receive a major fillip and unlock the region's vast economic potential provided member-countries of the South Asian Association for Regional Cooperation (SAARC) initiate steps like reducing visa restrictions and non-tariff barriers, and improving customs procedures. There are, obviously, many promising areas for effective and fruitful cooperation in private sector in the whole of South Asia.Writes Tareque Ahmed  

 

Trapped in an unaffordable energy paradigm, Pakistan’s economy has been experiencing crippling power shortages while its government is mired in mounting circular debt generated by this very paradigm.  The mountain of circular debt keeps rising at the rate of one billion rupees per day! If, in order to eliminate circular debt, the government passes on the full cost of this unaffordable power to the people, there will be rioting on the streets. How did the country land in such a deadly trap? Writes Syed Mohibullah Shah  

 

Showcasing India’s economic growth and clout, Prime Minister Manmohan Singh told the United Nations General Assembly (UNGA) that “a fast-growing India can expand the boundaries of global economy.” Despite a global financial crunch, India is growing at close to 8 per cent, second only to China.

 

 To ward off poverty and promote growth, South Asia needs to create one million new jobs every month for the next 20 years, the World Bank warned Friday.To meet the target, no easy task on its own, the eight countries in the region would have to accelerate reforms, including ending conflict, controlling corruption, addressing electricity crises and bettering the education level.

 


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India’s top diplomats held a four-day brainstorming session in New Delhi this month to strategise and decide how India should engage with major global powers and countries in the immediate neighbourhood, writes Nilova Roy Chaudhury
 
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