Lahore (Web Desk): Bloomberg, a privately held financial software, data, and media company, has claimed that Pakistan’s economy was the most underrated and a pleasant surprise in the world.
In its annual report, Bloomberg’s financial expert Tyler Cowen has picked Pakistan as the most underrated economy and surprisingly, his earlier picks were Germany, Mexico and Phillippines.
Although the analyst understands the fact that the reputation of Pakistan mars overall perception of growth and economy, even then Pakistan was a clear winner in terms of economy.
The 46 percent growth in stock market over a period of four years also contributed to the ‘underrated’ factor that took the columnist by surprise.
“Since 2002, the poverty rate has gone down by half. Moreover, over the last 3 years, rate of terrorist deaths has fallen by two-thirds”, the article claimed. It further affirmed that GDP of Pakistan is aiming for 5pc from the previously recorded 4pc. According to Bloomberg, 47pc of Pakistanis today own a washing machine.
The business magazine said that economic growth in Pakistan has rung warning bells in India. The political condition has improved from before. Bloomberg praised the ‘One Belt, One Road’ project, more commonly known as China Pakistan Economic Corridor (CPEC).