Economy of Pakistan

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Transcript of Economy of Pakistan

GROUP # 05

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TOPIC:

•Economy of Pakistan

What is Economy ?

An economy or economic system consists of

ProductionDistributionConsumptionTradeof limited goods and services by different

agents in a given geographical location.

Challenges to Pakistan’s Economy

• We Consume More and Save Less

• We Import More and Export Less

• Government Spends More than it Earns as Revenues.

• Our Share in the World Trade is Shrinking.

Challenges to Pakistan’s Economy

• We Face Energy and Water Shortages.

• Cost of Doing Business is High.

• Crisis of Governance and Implementation Weaknesses.

• Young Labor Force

Economic History of Pakistan

 At the time of independence in 1947, Pakistan was a very poor

country and its economy Marjory depends on agriculture.

Average annual was 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s.

Average annual growth fell to 4.6% in the 1990s with

significantly lower growth in the second half of that decade.

Economic History of Pakistan

During the 1960s, Pakistan was seen as a model of economic development around the world, and there was much praise for its economic progression.

The capital Karachi was seen as an economic role model around the world, and there was much praise for the way its

economy was progressing.

Sectors of Pakistan economy

Agriculture Industry Automobile industry CNG industry Cement industry

Sectors of Pakistan economy

IT industry Textiles Services Communication Electricity

Economic measures

Consumer spending Exchange rate Gross domestic product GDP per capita GNP Stock Market

Economic measures

Interest rate Government debt Rate of Inflation Unemployment Balance of Trade

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