Paul Beckett in The Wall Street Journal:
Talking to Salman Shah, Pakistan’s de facto finance minister until a year ago, you are immediately struck by the similarities between his country’s long-term economic challenges and India’s.
Pakistan, he notes over green tea in his Lahore home, has a huge youthful population as India does: roughly 105 million out of 170 million Pakistanis are under 25 years old. It will be these people who drive Pakistan’s economy in the decades ahead. “Pakistan is a mini-India,” Mr. Shah declares.
Pakistan, like India, also is relatively light on exports as a part of the overall economy. In Pakistan, exports account for less than 15% of gross domestic product, he says, compared with about 25% in India and 40% in China.
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