Short essay on Pakistan’s Economy. ADVERTISEMENTS: Pakistan is a developing country and like many other developing countries Pakistan has a semi industrialized economy and basically comprises of textiles, chemicals, food processing, the agricultural sector and various other blogger.comted Reading Time: 3 mins Economy of Pakistan. Words7 Pages. Introduction. Pakistan was established in and since its inception; it has been surrounded by countless issues, some of which are confined to ill-formed/missing infrastructure, insufficient refined resources, barren or obsolete factories and technologies, the Kashmir controversy and other fronts also involving an ever-ready enemy to · ECONOMY HISTORY OF PAKISTAN First five decades When it gained independence in from UK. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates[16] were % in the s, % in the s, and % in the
BA English Essay: Economy of Pakistan – Pacans Pakistan
A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country.
Situated in the sub-continent, Pakistan is a low-income country, with great promise for growth. Unfortunately, it is held back from reaching middle-income status by chronic problems like a rapidly growing population, sizable government deficits, a heavy dependence on foreign aid, recurrent governmental instability and large military expenditures.
It is to address these fundamental faults in Pakistan's economy that the IMF has initiated the Structural Adjustment Programs SAPs in the country. This is discussed in further detail later in the paper. Like all developing countries, Pakistan's population is largely employed in the agricultural sector, which accounts for about 48 percent of the labor force. In essay on economy of pakistan world the Industrial and Service sectors are the largest growing areas of a developed county's economy.
Yet Pakistan only employs 39 percent of its population in Service, and a minute 13 percent in Industry. This is a paltry figure, compared to the employment statistics of a developed country. Pakistan is also heavily essay on economy of pakistan on a single export crop, cotton. Hence the country's fortunes rise and fall with the cotton market. It is no wonder that there are so many poverty stricken people in Pakistan. When almost half the population is involved in a very volatile market, a lot of the time, essay on economy of pakistan lot of people will be burnt by price fluctuations.
The country is also subject to the mercy of the weather. Focussing on a major cash crop means very little diversification. This translates to mass hunger and hard tim Continue reading this essay Continue reading, essay on economy of pakistan.
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Pakistan's Economy: Historical Perspective \u0026 Future Challenges - Athar Mansoor - World Times
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Economy of Pakistan. Words7 Pages. Introduction. Pakistan was established in and since its inception; it has been surrounded by countless issues, some of which are confined to ill-formed/missing infrastructure, insufficient refined resources, barren or obsolete factories and technologies, the Kashmir controversy and other fronts also involving an ever-ready enemy to · On its conception, country inherited all of the essential elements of macroeconomic stability. Pakistan is agronomic, semi- industrialized economy. The 55% of the GDP is contributed by agricultural and livestock sector. The locus of economic growth is along the River Indus and the commercial hubs are in the urban centers of Punjab and Sindh · ECONOMY HISTORY OF PAKISTAN First five decades When it gained independence in from UK. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates[16] were % in the s, % in the s, and % in the
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