Fixing Pakistan's tanking economy

April 20, 2012 13:29

On Foreign Policy: Pakistan warrants concern, and not just because it is sitting on the fifth largest nuclear arsenal in the world. The country is in the throes of a destabilizing and dangerous energy crisis. It faces gas shortages, and electricity outages of up to 20 hours a day. As a result, factories have been forced into closing. There is double-digit inflation. Infrastructure is crumbling for want of resources. And harrowing stories of the newly impoverished setting themselves on fire or resorting to crime have become the new normal.

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