Pakistan is a country in South Asia with a population of million people, which is the fifth largest population in the world (PBS, ). Pakistani economy is semi-industrialised with a well-developed agricultural sector and an increasing share of the services sector (Iqbal, ). It is one of the fastest growing economies in the world driven by the rapidly growing middle class (Kaplan, ; Alam, ) Jan 01, · Pakistan’s economy has been ragged by two back-to-back crises. The global fuel and food price hikes twisted severe macroeconomic complexity as public finances worsened, inflation climbed, and economic growth slowed down 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
Short essay on Pakistan’s Economy
On its conception, country inherited all of the essential elements of macroeconomic essay on economy of pakistan. Pakistan is agronomic, semi- industrialized economy.
The locus of economic growth is along the River Indus and the commercial hubs are in the urban centers of Punjab and Sindh. The major agricultural sectors are the cultivation of cash crops, food crops, livestock and dairy. Textiles, essay on economy of pakistan, chemicals, leather, pharmaceuticals and heavy industry are constituent of industrial sector.
Third pillar of economy is services which includes revenue generation through taxes, education, tourism and hotels. In the last decade of technological developments, the rapid urbanization resulted in the expansion of industry.
Political instability, recurrent fiscal deficits and foreign debts abated the already deteriorating situation of economy. Erratic economic policies proved to be suicidal and the self-regarding politicians failed to implement sustainable solutions to uplift the finances. Despite having all of the key elements, country came across a tough destiny and the bounties failed to render their true colors.
There is no nearsighted relief for the sinking economy, and only right and timely decision can facilitate the escape from quagmire of energy crisis, unemployment and natural disasters.
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Pakistan is a country in South Asia with a population of million people, which is the fifth largest population in the world (PBS, ). Pakistani economy is semi-industrialised with a well-developed agricultural sector and an increasing share of the services sector (Iqbal, ). It is one of the fastest growing economies in the world driven by the rapidly growing middle class (Kaplan, ; Alam, ) Jan 01, · Pakistan’s economy has been ragged by two back-to-back crises. The global fuel and food price hikes twisted severe macroeconomic complexity as public finances worsened, inflation climbed, and economic growth slowed down May 05, · 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. The major agricultural sectors are the cultivation of cash crops, food crops, livestock and dairy
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