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You guys should all join up and start a company! The recession is just a minor setback. Pakistan’s main problem is its small industry. Its not big enough to absorb all the people out there looking for jobs.
First of all, good to see you back
Recession in Pakistan is not directly related to international sub-prime crises (turned in recession major economies, out of which many have left recession).
Pakistan has some major problems in mishandling the economy, mishandling foreign reserves, mishandling import of oil, mishandling production of electricity through IPPs, mismanagement of banking sector.
In other words, Pakistan’s budget did not went in recession (since 1956 or something around that year). Pakistan is facing incompetency and mismanagement by government and saturation in telecom sector and banking sector.