Economy of pakistan
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Economy of pakistan

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Economy of pakistan Economy of pakistan Presentation Transcript

  • Economical Crisis in Pakistan
  • What Is Economy?
    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.
  • Economy of Pakistan
    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.
    Pakistan has a semi-industrialized economy, which mainly encompasses textiles, chemicals, food processing, agriculture and other industries.
  • Statistics:
    Rank: 28th
    Currency:1 Pakistani Rupee (PKR)
    (Rs. = 100 Paisas)
    Fiscal year: July 1–June 30
    Trade organizations: ECO,WIPO,WTOSAARC, ASEAN.
    GDP: $431.2 billion (PPP) (2008)
    GDP growth: 2.0% (2009 est.)
    GDP by sector: agriculture 19.6%, industry: 26.8%, services: 53.7% (2007)
    Inflation (CPI): 11.17% (2009-2010)
  • Statistics: (Continued...)
    Population below poverty line: 23% (2007)
    Labor force: 55.88 million (2009 est.)
    Unemployment: 15.2% (2009 est.)
    Main industries: textiles, chemicals, food processing, steel, transport equipment, automobiles, machinery, beverages, construction, materials, clothing, paper products
  • External:
    Exports :$17. 87 billion (2009 est.) (67th in rank)
    Export goods: textile goods (garments, bed linen, cotton cloths, and yarn), rice, leather goods, sports goods, chemicals, manufactures, carpets and rugs
    Main export partners: United States 22.4%, UAE 8.3%, UK 6%, China 15.4%, Germany 4.7% (2006 est.)
  • External (continued…)
    Imports: $28.31 billion f.o.b. (2009 est.)
    Import goods: Petroleum products, Machinery, Plastics, Transportation equipment, Edible oils, Paper and paperboard, Iron and steel, Tea
    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.)
  • Public Finances:
    Public debt: $50 billion (2009)
    Revenues: $23.21 billion (2009 est.)
    Expenses: $30.05 billion (2009 est.)
  • Crisis In Economy
    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.
    Inflation remains the biggest threat to the economy, jumping to more than 9% in 2005 before easing to 7.9% in 2006.
    In recent few years, load-shedding has destroyed industrial growth in Pakistan.
  • Foreign Exchange Reserves
    By October 2007, at the end of Prime Minister Shaukat Aziz’s tenure, Pakistan raised back its Foreign Reserves to $16.4 billion.
    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.
  • The ECONOMY today
    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.
    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
  • PKR per US Dollar 1995-2008
  • Economic Comparison of Pakistan 1999-2008