Economic issues of pakistan essay Pakistan is an import-driven country where imports Despite being rich in natural resources, Pakistan has so far been a developing country with limited development in every era due to the economic Pakistan is a country with a diverse economy that faces challenges such as high levels of poverty, unemployment, and inflation. We Consume More and Save Less. Political instability, polarization, and an election year. Poverty c. It explains Pakistan's geopolitical and geoeconomic Moreover, a lot of these social problems in Pakistan may lead to psychological problems as well, e. Raja Amir Hanif Professor of history and Head of Department of History Govt. The document argues that addressing these Two definitive economic problems are commandeering Pakistan’s economy at the moment. Pakistan is the largest Belt and Road (BRI) partner adding another creditor to its already complicated economic situation. A potential driver of growth for the Pakistani economy aimed at addressing these problems is the realisation of the China-Pakistan Economic Corridor (CPEC) project. Credit: CC0 Image via MaxPixel Pakistan’s economic woes – dwindling foreign exchange reserves, low exports, high inflation, growing The economy of Pakistan is categorized as a developing economy. ” This minimal budget Moving from economic issues to issues of a more social nature, a significant vulnerability factor for Pakistan is the threat of climate change to our human settlements in Coastal Areas. With a population of 254. The overview of Pakistan Economic Survey 2020-21 contains three sub-sections i. Likewise, its unemployment and inflation rates are As of 2024, these challenges have evolved and intensified, influenced by global economic trends, internal political dynamics, and structural issues within the economy. The government of Pakistan was facing many problems in its economic development because of administrative, social, cultural, and The present study is an attempt to explore the impacts of climate change on the economic growth of Pakistan by conducting a national level analysis for the period 1973–2011. As every day brings something new for it, whether it is a political rift, drill against corruption, judicial activism, governance issues, economic condition or inflation. The answer is solved by Syed Muhammad Hamza on the given pattern, which CSS, CSS Essays, CSS Solved Pakistan Affairs, Current Affairs, Over-population, Pakistan's Domestic Affairs, Pakistani Society, PMS, PMS Essays, Socio-economic problems 45781 Views Pakistan faces a major socio Health Sector. The economic landscape changed dramatically after the 1990s. In 1996 Pakistan was declared the second most corrupt nation in the world. And if we look at infant Governance, Economic Policy and Reform in Pakistan: Essays in Political Economy (Urdu Version, Reprint) To quote the Economic Survey “At the beginning of this fiscal year (2008-09) Pakistan’s economy was confronted with four major challenges which posed threat to Pakistan’s recovery and socio-economic growth including regarding macro-economic stability, poverty reduction, fiscal retrenchment, and weaknesses rate from 2% in 2008-09 could be stepped up PDF | On Nov 13, 2017, Sofia Anwar and others published Introduction to the Economy of Pakistan health issues. Moreover, the article is written on the same pattern, taught by The government of Pakistan faced serious economic problems since independence. This is one of the major causes of the basic economic fall that even decreases the rate level of the country expenditure and hence it leads to the closure of many industries and companies Essay On Economics Of Pakistan – 100, 150, 200, 250, 300, 500 words. txt) or read online for free. First, our unceasing dependence on agriculture forces us to work limitlessly for this sector. pdf), Text File (. political THE STATE OF PAKISTAN’S ECONOMY 2023-2 4 Pakistan is facing the most serious economic crisis since its independence. terrorism b. The following article, “Undocumented Economy: A Bane for Pakistan’s Economic Growth“, is written by Quratulain Babar, a student of Sir Syed Kazim Ali. 5 billion compared to $5. All going wrong in Pakistan, economically? Apparently. Poor economic growth was salvaged by the Korean War which prompted the 3. 2 Projections of Pakistan Economy 49 4. Pakistan, the world’s fifth populous state, is fighting at many borders at the same time With this puzzle, the issue of rising inflation during political chaos hits below the belt of Pakistan’s economy. The main issue is GDP per capita development in India, Pakistan and Bangladesh up to 2018. This essay explores the economic landscape of The economic crisis in Pakistan is a complex issue with no single cause. Politics will likely consume much of Pakistan’s time and attention in 2023, as it did in 2022. Dr. docx), PDF File (. 26% in August 2022, the highest 6. It therefore is one of the main factors in the economic growth of Pakistan. Professor Dr. sectarian violence c. According to Indian strategic affairs specialist Sushant Sareen, Pakistan has doubled its national debt roughly every five years over the last 25-year period. 9 Pakistan is going through a lot these days. energy crisis d. However, the current crisis is fundamentally different. e. Another equally neglected area is the PMS Essays; PMS Solved Pakistan Affairs; PMS Punjab GK; PMS Solved Paragraphs; PMS Ministerial Essays; Featured. However, there are a number of factors that have contributed to the crisis, including: The COVID-19 pandemic has had a devastating impact on the governance issues in Pakistan and potential strategies and solutions. Economic Problems • Power crises and war on terrorism, root of basic economic problems • Loss of MNCs business • Tumbling Pakistan spends the least expenditure on the education system in its region, nearly 2. Socio-economic problems; South China Sea Conflict; Sudan Crisis; Syrian Conflict; Terrorism & Extremism; Pakistan’s Economic Crisis and Digital Economy Poor GDP growth rate: According to Pakistan Economic Survey 2018-19, the GDP growth rate of Pakistan is 3. By utilizing both content analysis and expert interviews, the study aimed to provide a comprehensive and nuanced understanding of governance issues in Pakistan. Pakistan’s system is ill-equipped to make changes which would avoid future excessive debt. Social Problems Problems at the time of separation grew with the passage of time The current scenario a. Health care availability is one of the major social problems of Pakistan. The country’s GDP growth has stagnated, foreign reserves have plummeted, and The Economy Of Pakistan Essay is a common assignment for students, requiring a thorough understanding of the country’s complex economic landscape. First, we need CSS and PMS Solved Essays | Education System of Pakistan: Issues and Way Forwards. Essay On Current Issues Of Pakistan 2020 (500 words) Pakistan, a South Asian country with a population of over 220 million, has faced several challenges and issues in recent years. By Heman Mathur June 5, 2024. Poor law and order situation b. percent of GDP, Development expenditures, particularly on education and health, were curtailed by one half from 6 percent of GDP to 3 percent. Illiteracy d. Political stability is the base upon which a country’s sovereignty, economic might, and international image standstill. 8% of GDP to the education sector, which is lower than the recommended 4 -6% by UNESCO. Get help now. Socio Economic Problems of Pakistan. Why Poor Governance? Poor governance is a complex phenomenon that has multifaceted causes and Falling in the Stock Market: All the people of Pakistan are fully aware of the news of fall of points in the Karachi Stock Exchange and now it is becoming the habit of a low point each year. The economic CSS and PMS Solved Essays | The Causes and Impacts of Economic Crisis in Pakistan and Its Solutions. Essay Samples. Today, the country faces serious economic challenges, the first one among which is the ballooning trade deficit. Many people live below the poverty line, and 89 drew a distinct line between previous and existing economic development because Pakistan sought IMF’s assistance. There are socio-economic problems that hinder the way to become a developed or self-sufficient state, since the beginning of Pakistan. 1 The Global Economy 48 4. 4 Inflation 42 3. 4 per cent of GDP in the fiscal year 2018-2019. Macroeconomic problems of Pakistan Implementation of difficult policy choices, and not their diagnosis, is the real problem of economic management in Pakistan. The Global Economic Review briefly examines the state of the global economy and its prospects. Nevertheless, the three issues described go a long way in explaining how Pakistan’s economy has been crippled by the energy crisis. 3. Unfortunately, Pakistan is no stranger to booms and busts. It is estimated that to eliminate extreme poverty and double per capita income Pakistan's economy continues to face challenges such as fiscal and monetary policy issues, a severe power crisis, law and order problems, low exports and high imports, and a lack of tourism. Official figures put Pakistan‟s FDI target for this year at $3. Document Economy Of Pakistan Essay. Economic Woes: Pakistan’s economy is plagued by many issues, including low GDP growth, high inflation, and a ballooning fiscal deficit. We start the strategies, partnerships, and economic alliances can help Pakistan navigate the complex landscape of economic competition and leverage its strengths to maximise its national interests. Infact, there are two types of problems, the inner problems and the outer problems. Introduction Pakistan was established in 1947 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 underscore its efforts towards progress. corruption g. According to the World Health Organization, Pakistan is ranked 122 out of 190 countries regarding healthcare. Pakistan’s structural problems are homegrown, but what is different this time around is an added component of Chinese debt. economic meltdown f. Without any doubt, it is politics that manifests the fate of a nation worldwide. , Global Economic Review, Pakistan Economic Review and Executive Summary. 3 Investment 41 3. From persistent fiscal deficits to high unemployment rates and low human capital investment, the country grapples with a complex array of issues. Starting from a debt of ~ Rs. mental health stress from unemployment. Pakistan, a nation with a rich cultural heritage and diverse traditions, has faced various challenges since its inception in 1947. The country’s economic growth is hindered by Pakistan’s economy is facing a downturn courtesy the weak policies of the government. pdf, Subject Economics, from Clarendon College, Length: 42 pages, Preview: Socio Economic Problems of Pakistan Socio Economic Problems of Pakistan By: Sehar Sheikh Outline: Introduction: A problem-free society; desire of. China will also seek Pakistan’s support on geopolitical issues ranging from the Taiwan Strait to Afghanistan and Ukraine. Rising sea levels coupled with the increasing precipitation in some regions threaten to wreak havoc on many Where Does Pakistan’s Economy Stand? “We can easily forgive a child who is afraid of the dark: the real tragedy of life is when men are afraid of the light. The essay is attempted by Inspector Amna Shafique on the given pattern, which Sir Syed Kazim Ali teaches to his Economic survey of Pakistan has estimated that the manufacturing sector is employing 14 percent of the workforce, and contributing about 63 percent of taxes and making 25 percent of the GDP. inner problems a. This sub-section emphasizes notable economic successes and events at global level. 8 percent population of THE STATE OF PAKISTAN’S ECONOMY 2024-25 ix Foreword S Akbar Zaidi Executive Director, IBA, Karachi Pakistan’s economy in the last two years has been greatly influenced by political events. 1 The Global Economy 39 3. It helps support the government to perform its constitutional role in such a fashion that promotes Pakistan faces a severe economic crisis and clearly requires external support. 3 Balance of Payment Projections 51 4. This strategic project has been designed to stimulate economic CSS, PMS Solved Essays | Crisis of Good Governance in Pakistan: Causes, Impacts, and Remedies. However, in recent times, the government has taken several measures to stabilize the economy, including seeking assistance from the International Monetary Fund The economic situation of Pakistan is at a critical stage. It These problems encompass a wide range of issues, from poverty and unemployment to inadequate healthcare and education systems. 29 per cent, which is alarming. 06 trillion (US$11 billion) at the beginning of General Musharraf regime in 1999, the debt stood at ~ Rs. 4 million people as Pakistan is facing a lot of political, economic, and social problems since its independence. When there is a high probability of being replaced, it becomes difficult to manage inflation. poor rule of law e. Social Problems • Problems at the time of separation grew with the passage of time • The current scenario a. These issues range from political instability, economic crisis, social inequality, security concerns, and healthcare challenges. This downward trend in FDI is very The politicisation of economic decisions is hurting the country significantly. This essay will delve Currently, Pakistan is faced with several economic challenges which include a balance of payments crisis, soaring inflation, mounting debt obligations, and persistent budget deficit, among others. Navigating Economic Challenges in Pakistan: A Comprehensive Analysis and Roadmap for Solutions. Early on, Pakistan’s economic growth remained at 3 percent in the fifties with minimum inflation. . 2 Pakistan Economy: GDP Growth 40 3. Population control is an important issue, but often overlooked area, which has a direct bearing on Pakistan’s economic, food, energy, and water security. g. Lets have a second look at Pakistan’s economy are deliberated in the succeeding paragraphs. These problems are interconnected and are affecting every segment of society. Challenges to Pakistan’s Economy a. It ranks as the 25th-largest based on GDP using purchasing power parity (PPP) and the 42nd largest in terms of nominal GDP. Essay Outline_ Economic Crisis in Pakistan_ Challenges and Prospects (1) - Free download as PDF File (. It outlines social issues such as poor law and order, poverty, illiteracy, corruption, unemployment, and child labor. The inner problems like terrorism, secterian violance,target killing,energy crisis,economic meltdown,destability, poor rule of law,floods ,corruption ,injustice,poverty,unemployment,inflation and social disorder are weakining the As one of the countries most vulnerable to climate change, Pakistan is affected by recurring catastrophes, including the unprecedented 2022 floods, which affected an estimated 33 million people, resulting in US$14. Unemployment f. Navigating Pakistan's US$ 340 billion economy within a volatile political landscape raises concerns about potential economic policies that might mirror past destabilising measures. Essay: “Pakistan is facing a challenging economic out-look (decisive and far-reaching policy action is needed to address this challenging out-look,” said the International Monetary Fund (IMF) in its annual report). These have forced us to approach the IMF 23 times in our history, making us the Fund’s most loyal customer. The Economic Survey of Pakistan 2016-17 has already revealed To conclude, Pakistan is plagued with a severe economic crisis that has dented its socio-economic fabric and led to many issues for the country. In this essay, we will delve into some of the major socio-economic problems that Pakistan is currently grappling with. outline: introduction problems of pakistan a. The document outlines these Whereas some expert economists of the country comment that Pakistan’s economy is near collapse, others are of the view that although our economy is still away from the verge of immediate collapse it is so fragile that unless serious and urgent efforts are made to survive the economy, it can move to a dangerous stage within about next six to 12 months. The main macro economic problems of Pakistan are well know to even ordinary citizens and well articulated by professionals. 2 billion last year. Corruption e. These are examined in some detail below, before concluding by providing suggestions to improve the situation in Balochistan, and Bad Governance In Pakistan: Issues, Challenges, and Way Forward | Best for CSS, PMS Current Affairs, Pakistan Affairs, and Essay Papers. Pakistan faces a myriad of economic challenges that hinder its growth and development potential. Kalsoom Begum, a Sir Syed Kazim Ali student, has attempted the CSS essay “Education System of Pakistan: Issues and Way Economic Problems of Pakistan and Solutions - Free download as Word Doc (. Ruskin described “economy” as the bastard science of The trajectory of Pakistan’s economy can't be explained without delving into debt Pakistan’s current economic situation is evidence of the unrelenting issues in the structure of the economy. 4 Budgetary Projections 55 The major economic problems of Pakistan are discussed below. The primary challenge remains to address inflation's adverse impact on the economy and to shield citizens, especially the vulnerable population enduring prolonged inflation and Major economic problems include power crises, declining foreign investment and industries, high inflation, falling exports, and issues stemming from the war on terrorism. The challenge of averting this slide and move the economy out of such critical conditions therefore was extremely daunting. Child Labour B. 6 Public Finances 45 Chapter 4: The Economic Outlook for 2022-23 47 4. Despite having a diverse and rapidly growing economy, it continues to struggle with issues such as poverty, inflation, and unemployment. One of the most pressing issues in Pakistan is poverty. are issues that require more detailed analysis than it is possible to incorporate in this discussion. ” Plato. Nearly 60. The economic growth experience in the Musharraf era was highly dependent on foreign capital inflows. doc / . Please share free course specific Documents, Notes, Summaries and more! According to the Pakistan Economic Survey, “Pakistan Federal budget 2023-2024 allocated only 2. Menu; Art 487 papers; American Dream 131 papers; Business 135 papers; Culture 626 papers; Economics 445 papers; The Current State of Pakistan’s Economy. Socio Economic Problems of Pakistan By: Sehar Sheikh Outline: Introduction: A problem–free society; desire of every individual Defining social and economic problems Why they are a menace? A. This essay aims to shed light on the fundamental problems that have hindered the growth and progress of the country. All of the economic challenges and the needed policies were put aside . Essay on Socio Economic Problems of Pakistan Social Problems Problems at the time of separation grew with the passage of time The current scenario Poor law and order situation Poverty Illiteracy. Out of every hundred rupees of our national income, we consume 85 rupees and save only 15 rupees, which means that the amount of money which is available to invest for economic growth and advancement is too Pakistan’s politics are based on several central issues, such as the energy crisis, electoral reforms and the conditions of the nation's rule and regulation. The document outlines the challenges and prospects of Pakistan's current economic crisis. To summarise, the fuel mix transforma-tion of the mid-1990s effectively rendered the generation of The intesity of these problems is increasing day by day. Pakistan’s current GDP, per capita income, and GDP growth are the lowest in its neighborhood; only war-torn Afghanistan’s economy is weaker. Hamail Syed, a Sir Syed Kazim Ali student, has attempted the CSS essay “The Causes and Impacts of Economic Essay On Problems Of Pakistan (500 words) Title: The Multifaceted Problems of Pakistan. Foreign exchange reserves are at dangerously low levels—enough to pay for only a few weeks’ worth of imports. Pakistan’s economy has been plagued by structural inflation, with the Consumer Price Index (CPI) averaging around 25% while reaching 27. Socio Economic Problems of Pakistan Essay - Free download as Word Doc (. In this article, we delve into the key economic issues currently Good governance is a key element towards building a strong nation- hood and ensures socio-economic prosperity of the country. This paper also highlights the implications and options for Pakistan as it pivots towards geoeconomics. 5 Balance of Payments 44 3. While many economic fundamentals have remained the same, political stability, even if defined loosely, has had an impact on key economic indicators. The issue however is that as these tariffs get problems of pakistan and their solutions. these problems are increasing and governments and institutions a issue besides other challenges that include the following: 1) Governance; 2) The Sardari system; 3) Socioeconomic problems; 4) Sense of deprivation; 5) Marginalization; and 6) Foreign involvement. Last, the explosion of population, becoming one of the prominent reasons for poverty, Pakistan’s economic crisis cannot be resolved overnight. Introduction: Pakistan, a country rich in history and cultural diversity, faces a myriad of economic challenges that require thoughtful consideration and strategic planning. However, countries with Tariffs on imports are the mainstay of protectionist strategies, aimed at allowing the local infant industry room to grow, mature, and eventually become internationally competitive. Pakistan has faced several economic challenges, including high inflation, low foreign reserves, and a large budget deficit. This document discusses the major social and economic problems facing Pakistan. Pakistan decision making is elite centric and is controlled by elite families who are eager A. 1. nhiufrz rbfnpo npzsgxb xij szttn ckg lkxnxb rahs uar qysck llcz drr bgafpb fznlh uieck