A lot to learn from Ireland Pakistan can achieve rapid growth by cutting tax rates, offering incentives to investors Lack of investment means GDP growth has remained range-bound. PHOTO: FILE KARACHI: Although the size of Pakistan’s economy and its population differs widely with that of Ireland, there is a lot Islamabad can learn from Dublin’s experience as to how the European nation emerged as the world’s fastest-growing economy after recession in 2007-08. Ireland was on the verge of default in the wake of 2008 global financial crisis. However, in 2015, it reported an astonishing gross domestic product (GDP) growth of 26.3% with the help of aggressive tax incentives to investors and by widely opening its doors for foreign investors.