Poor Economy of PAKISTAN. What's there for you ? I have provided definition of Economy. ^Past achievements and failures of Pakistan's economy. ^Current economic outlook. ^Reasons of bad economy. ^Solutions for the betterment. ^Recommendations. ^Conclusion. ^References.

1. POOR
ECONOMY OF
PAKISTAN
BY MUHAMMAD SAQIB

2. Timeline
Pakistan’s
Economy
Reasons of
Pakistan’s bad
economy
Solutions for a
better economy
Recommendations

3. ECONOMY
It concerned with production, distribution
and consumption in order to earn money
and to satisfy need.

4. PAKISTAN’S ECONOMY
PAST ACHIEVEMENTS AND FAILURES:
The salient features of Pakistan’s economic history are:
 A Country with 30 million people in 1947 couldn’t feed itself and had to import all its food
requirements from abroad. In 2002, the farmers of Pakistan were not only able to fulfill
the domestic needs of wheat, rice, sugar, milk of 145 million people at a much higher per
capita consumption level, but also exported wheat and rice to the rest of the world.

5.  Pakistan hardly had any manufacturing industries in 1947. Five decades later, the
manufacturing production index is 12,000 with the base of 100 in 1947. Steel, cement,
automobiles, sugar, fertilizer, cloth and vegetable ghee, industrial chemicals, refined
petroleum and a variety of other industries manufacture products not only for the
domestic market but in many cases for the world market too.
 The road and highway network in Pakistan spans 250,000 km – more than five times the
length inherited in 1947. Modern motorways and super highways and four lane national
highways link the entire country along with secondary and tertiary roads.
 Pakistan’s manufactured exports in the 1960s were higher than those of Malaysia,
Thailand, Philippines and Indonesia. Had investment in educating the population and
upgrading the training, skills and health of the labour force been up to the level of East
Asian Countries and a policy of openness to world market would have been maintained
without any break, Pakistan’s exports would have been at least $100 billion.

6. .
PAKISTAN’S CURRENT ECONOMIC OUTLOOK:
Pakistan has an estimated population of 227 million making it 5th largest
population. the nominal GDP of Pakistan stands at US$383 billion with a nominal
GDP per capita of US$1,798 (172th worldwide); its GDP based on PPP stands at
US$1.468 trillion with a GDP (PPP) per capita of US$6,469 (156th worldwide)
Here are some facts and figures of Pakistan’s current economic situation:
 GDP: $383 billion (nominal) $1,468 trillion (PPP)
 GDP rank: 44th nominal, 24th PPP
 HDI: 0.557 (medium) (2019) (154th)
 EXPORTS: $25 billion (FY21)
 IMPORTS: $56 billion (FY21)
Pakistan is now facing serious economic drawbacks due to situations happening in
Pakistan. Things can go worsen if immediate actions aren’t made. We are facing a
huge trade deficit that we can’t bear. Poor economy leads to unemployment, poverty,
lack of infrastructure etc.

7. REASONS OF PAKISTAN’S BAD ECONOMY:
I. CORRUPTION
II. TERRORISM
III. LACK OF QUALITY EDUCATION
IV. WEALTH CONCENTRATION
V. ENERGY CRISIS
VI. TAX EVASION

8. SOLUTIONS FOR A BETTER
ECONOMY:
I. Better Education system
II. Health facilities
III. Export oriented country
IV. Using Infrastructure to Spur Economic Growth

9. RECOMMENDATIONS:
 STRUCTURAL REFORMS
 POLITICAL WILL
 FOCUS ON IT
 TOURISM
 EASE ON DIGITAL TRANSACTIONS

10. CONCLUSION
 Pakistan is a country with huge potential. We have the ability to become one of the
greatest and as Quaid-e-Azam said that there is no power on earth that can undo
Pakistan. As we Pakistanis have to work for our country and give sacrifices for our
country in need of time.

11. REFERENCES:
 https://dailytimes.com.pk/7932/9-causes-of-slow-economic-development-in-
pakistan/
 https://www.pbs.gov.pk/content/population-census
 https://www.sbp.org.pk/about/speech/2004/eco_of_pk(past_present_future).pdf
 https://tribune.com.pk/story/2357283/with-6-growth-rate-pakistans-economic-size-
jumps-to-383-billion
 https://en.wikipedia.org/wiki/Economy_of_Pakistan