Economic crisis pakistan essay

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Economic crisis pakistan essay

One should try to see beneath the surface in order to grasp an idea about the basic issue. Deposit a stream of strong words and announcements made by the past rulers of Pakistan, nothing concrete has been done to introduce a proper economy revival plan.

Rather the situation has taken a quantum leap for the worse. At present the sorry state of the economy, tops the problems facing the country. Seeing the horrible economic distress, some still suggest restoring to the begging bowl and further subjugation of donor agencies as the only solution to it.

Economic crisis pakistan essay

Such an approach can not provide a way out; it aggravates the situation and amount to commit suicide. Therefore, the present leadership has realized that there is not option but to reshape the economic strategy altogether. Video - Poverty in Pakistan The economy of Pakistan has fallen up to this extent that it requires serious attention and endeavor to revive its state.

The revival of economy means to bring the economy on track whereby country becomes self sufficient and economy self sustained to meet its internal demands and fulfill foreign obligations.

Sustained economy provides a balance in trade, potential of paying back foreign loans and gradual growth in gross domestic and national product. Rise in foreign exchange reserves, minimum inflation rate, strong local currency are a few indicators of a sustained economy whereas better social indicators reflect its civic effects.

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Economic Levels Developed economies are movers, developing economies are the followers and the underdeveloped economies have no say in the scheme of things.

All economic conditions are the certain result of policies. No economy can itself produce positive results. It is the people and their actions which steer the effects. The economy of Pakistan was not doomed for disaster. It has become the victim of eccentric policies of our past rulers.

It has been mismanaged up to this extent that the country has virtually become bankrupt and made to dance on the tunes of donor agencies as Pakistan has bartered its freedom with them. For the last thirteen years there has been no noticeable addition to basic industries and the economic infrastructure of the country.

Instead the number of sick industrial units increases each year. The public sector is shrinking and suffering losses. Although agriculture has helped the nation to survive but the sector itself is faced with crises. In regard to oil, retrogression has set in after a good progress.

Exports could not be enhanced despite repeated devaluation of the rupee. External Debts External debt are touching new heights and the irony is that new loans are obtained simply to pay back a portion of the earlier loans. According to the genesis of the present situation the deterioration in economic activity is mainly caused by weak performance of large scale industry, erratic behavior of agriculture, decline in real investment, macro economic instability that includes large fiscal deficit, large bank borrowing, using interest payments on domestic debts double digit inflation and personal aggrandizement.

The economic situation of Pakistan at the time of independence was also very bleak but it improved over the years. Ever since, the Kashmir issue has been haunting Pakistan for which Pakistan has fought several wars with India and each war had its price paid by Pakistan.

It had to maintain a large armed forces causing huge burden on economy. Agriculture Economy in Pakistan Agriculture has always been neglected. Feudalism is in vogue even today and about six thousand families posses forty percent of the total cultivable land.economic problems of pakistan essay; economic issues in pakistan; economic challanges in pakistan; Pakistan economy problems; .it would be very helpful for the students if u kindly provide some more solutions for economical crisis of Pakistan..

Economic crisis pakistan essay

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ECONOMICS CRISIS OF PAKISTAN English Essays

Saturday,December 22, at am. Mar 13,  · An acute energy crisis has swallowed the whole economic development of Pakistan. Every sector, be it industrial, domestic or educational has suffered because of the crisis.

The crisis has hindered the economic growth of the country.

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Due to inflation and economic crisis worldwide, Pakistan's economy reached a state of Balance of Payment crisis.

"The International Monetary Fund bailed out Pakistan in November to avert a balance of payments crisis and in July last year increased the loan to $ billion from an initial $ billion."[27] Today Pakistan is amongst the.

Socio-Economic Problems of Pakistan CSS Essay. By studybix Last updated Mar 13, 0. Share. An acute energy crisis has swallowed the whole economic development of Pakistan. Every sector, be it industrial, domestic or educational has suffered because of the crisis.

The crisis has hindered the economic growth of the country. ECONOMY OF PAKISTAN essaysA 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. 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 .

Socio-Economic Problems of Pakistan CSS Essay | StudyBix