MTI on 'Tough Times - Tough Strategies' at Pakistan Summit

Pakistan's premier management summit gets under way this week, as the country grapples with the double effect - a local economic and political crisis compounded by the global financial crisis. In contrast to 2006/7 (where Pakistan was rated as one best of the performing emerging markets), the current year has seen a drastic decline in economic performance on all counts, with the Current Account Deficit at 8%, Inflation at 25% (30-Year High), Forex Reserves down from USD 14.8 to 3.7 Billion, Lowered Credit Ratings and Unofficial Capital Outflow, all of which is impacting consumers and businesses alike.