Is Pakistan ready for a take-off?

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The latter half of the 20th century has seen many countries successfully emerge as regional powerhouses. Unfortunately, Pakistan has been struggling to make this happen despite being endowed with rich resources. In the 1960s, Pakistan was touted as a rising economic power like Japan but its progress was derailed due to the 1965 war. In the early 1990s, Pakistan again captured the attention of the world when it took the lead in pioneering economic reforms in South Asia. However, this dream once again proved to be short-lived as the country plunged into a decade of political instability.