5. What is Economy ?
An economy or economic system consists of
Production
Distribution
Consumption
Trade
of limited goods and services by different
agents in a given geographical
location.
14. 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.
15. 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
16. 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 .
17. 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.
18. Sectors of Pakistan economy
Agriculture
Industry
Automobile industry
CNG industry
Cement industry
19. Sectors of Pakistan economy
IT industry
Textiles
Services
Communication
Electricity