The economy of Pakistan is the 47th largest in the world in nominal terms of purchasing power parity. Pakistan has a Sami-industrialized economy. Which mainly encompasses textiles, Chemicals, Food Processing, Agriculture, and other industries. The growth poles of the Pakistan economy are situated along the Indus River, Diversified economies of Karachi and Punjab urban centers coexist with lesser developed areas in other parts of the country. is the worst year in the economic history of Pakistan. The poor performance of the economy in the year 2010 was caused by floods in the summer and poor economic and financial management following signs are the facts about Pakistan’s Economic Problems, Pakistan’s economic outlook, Pakistan economic fore, cast, and Pakistan’s Economic future in.
One thing is sure there will not be any increase in the income of ordinary men. The number of poor in Pakistan will also increase. If in 2011, the population is 175 million this means that some 70 million people will live in absolute poverty. It also means that more than 40 percent of the population of Pakistan will be in absolute poverty. The main problem is that most of these poor live in urban cities and towns and they have fewer opportunities as compared with the countryside poor.
Economic Problems of Pakistan and Solutions
• Economic Problems
i) Economic Loss Due To War On Terrorism
ii) Energy Crisis
iii) Low FDI And Huge Debt Trap
iv) Poorly Managed Tax System
v) Low Export And High Import
vii) Influx Of Local People Form War Ridden Areas And Their Rehabilitation
viii) Lack Of Tourism
• Social Problems
v) Child Labour
vii) Poor Social Sector Including Health, Safe Drinking Water, Sanitation And Basic Infrastructure
viii) Women Are Not Empowered
ix) Human Rights Problem
xi) Sectarianism, Extremism, And Target Killing
xii) Absence Of Rule Of Law
The gap between the rich and the poor must be decreased by ensuring equal distribution of wealth.
- Dispensation of free and quick justice be ensured by strengthening the judiciary.
- There is a sheer need to curb corruption at all levels. The institutions of NAB and FIA should be made more powerful to curb corruption
- The curriculum of schools needs to be reviewed so that children can receive scientific and secular education in their mother tongue. In addition, there is a need to develop critical and creative thinking.
- Health care education and free health care need to be provided to all citizens.
- The provision of equal rights to all citizens especially women and minorities be ensured.
- Poverty alleviation programmers’ be initiated to reduce poverty and child labor.
- Population growth is controlled by spreading awareness about the advantages of small families among the masses through media.
- The energy crisis must be resolved on a priority basis to revitalize the dying economy.
- New dams should be built and new methods of producing electricity should be utilized.
- Youth be equipped with technical education and new industries be set up to provide employment.
For Further details Keep Stay with Studysols And If you want to ask anything you can comment here given in the below comment session.