In terms of providing for the economic well-being of its citizens, Pakistan, today, is the poorest performing economy in south Asia. It is not doing well when its performance is measured in terms of a variety of economic and social indicators. It has had a declining rate of growth for almost 50 years. The trend started in 1965, when Pakistan fought a brief war with India over the issue of Kashmir. But punctuating this declining growth trend were a few spurts, each lasting for about three to four years. All of these occurred during military rule and all were associated with large foreign capital flows.
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