Economy of pakistan


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Economy of pakistan

  1. 1.
  2. 2. Economical Crisis in Pakistan<br />
  3. 3. What Is Economy?<br />An economy consists of the economic system of a country or other area, the labor, capital and land-resources, and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services of that area.<br />
  4. 4. Economy of Pakistan<br />The economy of Pakistan is the 27th largest economy in the world in terms of purchasing power, and the 45th largest in absolute dollar terms. <br />Pakistan has a semi-industrialized economy, which mainly encompasses textiles, chemicals, food processing, agriculture and other industries.<br />
  5. 5. Statistics:<br />Rank: 28th<br />Currency:1 Pakistani Rupee (PKR)<br /> (Rs. = 100 Paisas)<br />Fiscal year: July 1–June 30<br />Trade organizations: ECO,WIPO,WTOSAARC, ASEAN.<br />GDP: $431.2 billion (PPP) (2008)<br />GDP growth: 2.0% (2009 est.)<br />GDP by sector: agriculture 19.6%, industry: 26.8%, services: 53.7% (2007)<br />Inflation (CPI): 11.17% (2009-2010)<br />
  6. 6. Statistics: (Continued...)<br />Population below poverty line: 23% (2007)<br />Labor force: 55.88 million (2009 est.)<br />Unemployment: 15.2% (2009 est.)<br />Main industries: textiles, chemicals, food processing, steel, transport equipment, automobiles, machinery, beverages, construction, materials, clothing, paper products<br />
  7. 7. External:<br />Exports :$17. 87 billion (2009 est.) (67th in rank)<br />Export goods: textile goods (garments, bed linen, cotton cloths, and yarn), rice, leather goods, sports goods, chemicals, manufactures, carpets and rugs<br />Main export partners: United States 22.4%, UAE 8.3%, UK 6%, China 15.4%, Germany 4.7% (2006 est.)<br />
  8. 8. External (continued…)<br />Imports: $28.31 billion f.o.b. (2009 est.)<br />Import goods: Petroleum products, Machinery, Plastics, Transportation equipment, Edible oils, Paper and paperboard, Iron and steel, Tea<br />Main import partners: China 14.7%, Saudi Arabia 10.1%,UAE 8.7%, Japan 6.5%, United States5.3%, Germany 5%, Kuwait 4.9% (2006 est.)<br />
  9. 9. Public Finances:<br />Public debt: $50 billion (2009)<br />Revenues: $23.21 billion (2009 est.)<br />Expenses: $30.05 billion (2009 est.)<br />
  10. 10. Crisis In Economy<br />The economy has suffered in the past from decades of internal political disputes, a fast growing population, mixed levels of foreign investment, and a costly, ongoing confrontation with neighboring India.<br />Inflation remains the biggest threat to the economy, jumping to more than 9% in 2005 before easing to 7.9% in 2006.<br />In recent few years, load-shedding has destroyed industrial growth in Pakistan.<br />
  11. 11. Foreign Exchange Reserves<br />By October 2007, at the end of Prime Minister Shaukat Aziz’s tenure, Pakistan raised back its Foreign Reserves to $16.4 billion.<br />But On October 11, 2008 State Bank of Pakistan reported that country's foreign exchange reserves had gone down by $571.9 Million to $7749.7 Million. The foreign exchange reserves had declined more by $10 billion to an alarming rate of $6.59 billion.<br />
  12. 12. The ECONOMY today<br />Due to inflation and economic crisis worldwide, Pakistan's economy reached a state of Balance of Payment crisis. "The International Monetary Fund bailed out Pakistan in November 2008 to avert a balance of payments crisis and in July last year increased the loan to $11.3 billion from an initial $7.6 billion.<br />Since the beginning of 2008, Pakistan's economic outlook has taken stagnation. Security concerns stemming from the nation's role in the War on Terror have created great instability and led to a decline in FDI from a height of approximately $8 bn to $3.5bn for the current fiscal year<br />
  13. 13. PKR per US Dollar 1995-2008<br />
  14. 14. Economic Comparison of Pakistan 1999-2008<br />