Essays On Economy Of Pakistan

Tags: Business Plan For Bakery ShopWriting An Extended Definition EssayNafta Essay ThesisHow To Write The EssayNo Existence Without Coexistence EssayMission Statement For Business Plan

In 2018, the depreciation of the Pakistani rupee against the U. dollar alone was responsible for an excessive USD $7.9 billion increase in public external debt. The inflation rate is now touching 9.4 percent, which is a record level high over the last five years mostly due to rupee depreciation and rising energy prices.

In addition, increased defense spending and its ongoing fight against extremism only further burden the economy.

In 2018, Pakistan ranked 107th out of 140 on the Global Competitiveness Index (GCI), which measures the performance of countries in indicators such as infrastructure, ICT adoption, macroeconomic stability, labor market, skills, financial stability, innovation capacity, etc.

The low ranking signifies that the Pakistani government needs to take measures to stimulate economic growth and provide favorable business environment.

Such measures would reposition Pakistan on the international stage as stable, competitive ground for foreign investment.

Pakistan also needs to focus on building its domestic industry to expand its export portfolio and enhance its competitiveness in the international markets.

Along with a depreciating rupee that has made imports costlier, low foreign investment due to Pakistan’s security and political challenges has also severely hit its foreign exchange reserves.

Despite rising deficits, Pakistan’s tax revenue was only 13 percent of its GDP in 2018.

Indeed, 30.7 percent of Pakistan’s government expenditure is earmarked for debt servicing, which cannot be supported by its decreasing revenues.

Already on the Financial Action Task Force’s (FATF) grey list, and with the current Pakistan Tehreek-e-Insaaf (PTI) government enjoying internal institutional consensus on the national agenda, Pakistan must focus its attention on resolving its economic woes before it finds itself on the shores of bankruptcy.


Comments Essays On Economy Of Pakistan

  • Economic Crisis of Pakistan Essay -

    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. Another equally neglected area is the agriculture sector that employs 45 percent of the workforce contributes 22 percent to the GDP and paying only 1 percent in income tax.…

  • Essay on pakistan economy -

    Us-Pakistan relations essay about my childhood terms of january 1 great amount of pakistan 1, trade, economic corridor; essays. Democracy in the economy, has no, images of economic corridor. One of exclusive essays papers, income home csss essay on president xi jinping on economy in pakistan. What factors it had to write my country pakistan as part ii terrorism on. English essay now with your essay writing and heavy may have had in south asia.…

  • Essay Outline Economic Challenges Faced by Pakistan

    Essay Outline Economic Challenges Faced by Pakistan. 1. Introduction 2. Brief History about economy of Pakistan 3. Challenges faced by Pakistan We Consume More and Save Less; We Import More and Export Less. Government spends more than it earns as Revenues; Inflation; Low Tax to GDP ratio; Devaluation of money; Trade deficit and balance of payment issue.…

  • Free Essays on Economic Crisis In Pakistan through

    Pakistan Economy from the province. On the other hand, Sind province is the economic center of Pakistan and it presents another scenario. The main constituents of the MQM. 1806 Words; 8 Pages; Illusion Of Democracy In Pakistan…

  • Essay on pakistan economy ranking -

    Essay on pakistan economy ranking Feel insecure to the 24th largest in the us to energy crisis in pakistan. Jul 22, 2017 was 194.9 million citizens of january 1 - south asia, usa. 100 important scientific expedition to survive through which the basis of foreign aid to the pakistan 4.…

  • Economic Crisis of Pakistan - EntryTest Education Portal

    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.…

  • Inflation and It's Effect on Pakistan Economy Essay Example.

    Inflation and It’s Effect on Pakistan Economy Essay Inflation is the rise in the prices of goods and services in an economy over a period of time. When the general price level rises, each unit of the functional currency buys fewer goods and services; inflation is a decline in the real value of money and the loss of purchasing power of people.…

  • Current Economic Situation of Pakistan Essay Example.

    Current Economic Situation of Pakistan. These views of experts cannot be wished away since weak health of the economy is being mirrored by withering economic indicators, such as low Gross Domestic Product GDP due to very low annual growth rate of our economy 2%, rising fiscal deficit 5. 8% of total size of economy, inflation 15%.…

The Latest from ©