& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Poor governance cripples Pakistan economy
ISLAMABAD. July 16: A decade of incompetent governments crippled Pakistan's economy. causing a robust 6 per cent annual growth rate to shrink to Just 3 per cent, the State Bank of Pakistan Governor Ishrat Hussain said Saturday. reports AP.
While economies in South Asia, including uneasy neighbour India, recovered and showed an upward trend during the 1990s, Pakistan's gross domestic growth slumped to an average of 3 per cent annually, Hussain told participants at a seminar on the impact of globalisation on Pakistan.
He chastised previous governments as economically disastrous for Pakistan.
Economic growth in Pakistan struggled to keep pace with the country’s soaring population growth rate which was pegged at 2.5 per cent during the same period, he said.
While Pakistan made some of the right economic moves during the 1990s. like privati-
sation and deregulation. i| lost the financial benefits to corrupt and incompetent governments, explained Hussain.
Under pressure from international lending agencies Pakistan also reduced tariffs and duties on imports, but the economic benefits were again lost to incompetent governments.
Economic mismanagement was one of the big reasons why the army took power last Oct. 12 according to Gen. Pervez Musharraf at the time. He then accused the government of Nawaz Sharif of driving the country toward ruin.
Musharraf vowed to restore investor confidence and revive the economy. He has launched a campaign to try to recover millions of rupees lost to corrupt practices.
Sharif, who is currently serving two concurrent life terms for terrorism and hijacking. also faces several charges of corruption. j .
■I "' A National Accountability i^L i reau. established tn- (he,anpy government, has targeted some
of the country's most powerful people, including former politicians and businessmen. Scores of people in Pakistan tire currently facing charges of corruption.
Hussain said there are more poor people in Pakistan today than 10 years ago. Development expenditures nave routinely been reduced. In the last decade Pakistan has reduced its spending on development from 8 per cent annually to Just 3 per cent of gross domestic product.
The end result, he said, has been a more difficult life for most Pakistanis, who earn on average $ 400 a year.
The education level in Pakistan is also among the lowest in the developing world, with the literacy rate at just 30 per cent and barely 10 per cent among women.
Hussain said Pakistan needs to capitalise on economic globalisation, but' to do that itmwill neCd to boOSt'IPs exporti tend find a way to attract foreign investors.