Spurring economic growth

THE World Bank’s Reclaiming Momentum Towards Prosperity report presents a sobering reality: poverty has climbed back to 25.3 per cent on the national line; and close to 45pc of Pakistanis fall below the bank’s new $4.20-a-day threshold. Stabilising our way into deeper poverty has exposed the limits of conventional macroeconomic management. Speaking last week at the International Conference on Inclusive and Resilient Economic Empowerment and Growth, organised by the Pakistan Poverty Alleviation Fund in Islamabad, I put one question at the centre: how do we break this cycle? Accelerating growth…