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 Jan 01, · Pakistan has a semi-industrialized economy. Despite being a very poor country in , Pakistan’s economic growth rate has been better than the global average during the subsequent four decades, but imprudent policies led to a slowdown in the late s Feb 03, · A Historical Evaluation of Economic Condition of Pakistan Laying the Foundations Features Predominantly agrarian, undeveloped and newly independent nation Little industry, few services and no infrastructure Adverse international conditions and precarious domestic situation Attempts of bureaucracy to keep Pakistan on its feet Lack of capital Trade surplus The Decade of Development Achievements Considerable economic
Essay about Economy of Pakistan - Words
On its conception, country inherited all of the essential elements of macroeconomic stability. Pakistan is agronomic, semi- industrialized economy. The locus of economic growth essay on pakistan economy 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, chemicals, leather, essay on pakistan economy, pharmaceuticals and heavy industry are constituent of industrial sector.
Third pillar of economy is services which includes revenue generation through taxes, education, essay on pakistan economy, 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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Jan 01, · Pakistan has a semi-industrialized economy. Despite being a very poor country in , Pakistan’s economic growth rate has been better than the global average during the subsequent four decades, but imprudent policies led to a slowdown in the late s Feb 03, · A Historical Evaluation of Economic Condition of Pakistan Laying the Foundations Features Predominantly agrarian, undeveloped and newly independent nation Little industry, few services and no infrastructure Adverse international conditions and precarious domestic situation Attempts of bureaucracy to keep Pakistan on its feet Lack of capital Trade surplus The Decade of Development Achievements Considerable economic 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
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