Finance Minister sees first major wave of economic diversification

Citing the PPP’s manifesto, Finance Minister Ashni Singh told Parliament in yesterday’s budget speech that the next five years would bring the “first major wave of large scale diversification of our economy” and he cited information and communication technology (ICT) among the key prospects.

His reference to diversification may be seen by some as a tacit admission that the last 20 years of PPP/C governance has failed to produce transformation of the economy from merely primary production.

Singh declared