Nawaz aides say that such sweeping reforms are still mostly talk. The economy is a far more pressing concern. The government is heading for bankruptcy. The government collects next to no taxes. Nawaz says he won't cut defense spending or default on loans.
Exports are flat.
Nawaz vows that privatization will boost the government's coffers. But most industries up for sale are unprofitable, inefficient and overpriced. If Nawaz and Leghari turn on each other, Pakistanis are praying that they will have the decency to fix the economy first. All Rights Reserved. Terms under which this service is provided to you.