Islamabad, Feb. 5 -- : Pakistan has become a textbook lesson in the political economy of how nations that rear extremism, indulge in state-sponsored terrorism, have no growth and development strategy and have utter disregard for the welfare of their common citizens, eventually collapse.
The current economic crisis in Pakistan is a culmination of decades of its faulty policies. It has become a state at war with itself. By supporting and patronising extremism and militancy in the name of jihad, it has hardly ever focused on long-term economic growth, and instead showcased short-sightedness in waging a war, direct or proxy with its neighbour, reported Asian Lite.
With bankruptcy looming around, Pakistan is seeking a $7 billion bailout packag...