Militants and unemployment threaten Pakistan economy
Updated
There are growing signs that the American economy is heading for recession, regardless of the fate the $US700 billion Wall Street bail-out package now before Congress. The International Monetary Fund's latest World Economic Outlook warns that a sharp downturn in the United States is now "a substantial likelihood". South Asia's emerging economies India and Pakistan are expected to weather the storm reasonably well. But in Pakistan, there are additional challenges. The economy is still reeling from the recent Marriot Hotel bombing, and investor confidence is down amid warnings of rising fundementalism.
Presenter: Michael Cavanagh
Speaker: Leading Pakistani economist Dr Nadeem Ul Haque
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