This data relates to the Pakistan GDP Growth rate.

1. Pakistan GDPGrowthRate
Assignment Topic:
Gross Domestic Product Growth Rate of Pakistan
Submitted to:
Prof.Dr.Qamar Jahan

2. Pakistan GDPGrowthRate
GDP Growth Rate of Pakistan
Pakistan Economy: Pakistan Economy is the 24th Purchasing power equality in the world, and
43th major in nominal gross domestic product. Pakistan nominal GDP per capita is $ 1,429.
1st Phase (1950-1960):
 Korean War started in June 1950 till the July 1953 that destroys our Economy badly.
 In 1953 the plan misshapen due to want of funds. Also the shortage of consumer goods
like food, clothes, medicines and sharp fall of production due to the monsoon floods of
1951-52 and 1952-53.
 In 1954 highest GDP Growth rate is 10.22%. The union of military pact with the western
countries I-e SEATO and CENTO and the start of major aid flows into the country. Five
Year plan 1955-60.
 In October 1958 that marked the end of the first phase of the country’s economic
history.
 In 1960 SINDH TAS Agreement between Pakistan and India over Water issue.
2nd Phase (1960-1970):
 In 1961 June government takes over news agency, associated press of Pakistan app.
 In 1962 SUPARCO launches Pakistan first weather rocket.
 In 1963 January first trade agreement is signed between Pakistan China
 In 1965 GDP fell to 3% due to Second war between India and Pakistan over Kashmir and
FDI declined economic Constraints.
 In 1967 Pakistan’s first Steel Mill inaugurated.
 Tarbela Dam is constructed in 1968 largest Dam in the World.
 In 1970 first ordinance factory inaugurated at Ghazipur.
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0
2
4
6
8
10
12
14
1952
1954
1956
1958
1960
1962
1964
1966
1968
1970
1972
1974
1976
1978
1980
1982
1984
1986
1988
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010

3. Pakistan GDPGrowthRate
3rd Phase (1970-1980):
 Indo-Pak war happened in 1971 and West Pakistan separated.
 In 1971 Dhaka falls and Bangladesh come into existence.
 1974 6.3 earthquake strikes of Pakistan 5200 people killed.
 In 1975 earthquake in Pakistan 4000 people killed.
 Zia-ul-Haq sealed the socialistic experiment and activities of the political party.
 Zia-ul-Haq received confidence in Private sector investment.
 Foreign Aid from USA named USAID.
 Afghan war started in 1979 and it badly affect the Pakistan economy.
4th Phase (1980-1990):
 In 1981 Interest free banking introduced.
 In 1981 United Nations General Assembly approves Pakistan proposal for establish
nuclear free-zone in South Asia.
 Fifth Five year Plan to establish the economy and standard of living of poor segment.
 1988 Afghanistan & Pakistan signed on Afghanistan treaty.
 In 1988 Pakistan have move toward the International Monetary Fund (IMF) for
assistance
 Severe repercussion for community funds and macro-economic firmness inside 1990s.
5th Phase (1991-2000):
 Political insecurity and regular change in government. There was a short in of political
force to make correct and hard decisions.
 Self-confidence of Local investors worn when the foreign currency of Pakistanis were
suddenly Frozen.
 Loss of Pakistan credibility linking international monetary fund society.
 Pakistan developed first motorway in South Asia in 1997.
 In 1998 May nuclear power testing shocks investors confidence accelerate the flight of
capital, led to the burden of economic sanction and disrupt external economic help.
6th Phase (2000-2010):
 In 2001 harass on World trade center bad impact on external trades.
 Structural policy reform combined with a development in economic governance lay the
foundations for accelerate growth from 2002 to 2007.
 The country faced a serious external liquidity problem as its reserves were barely
sufficient to buy three weeks of imports and could not possibly service its short-term
debt obligations.
 In 2005 October, Earthquake Paralyze the economy of Pakistan.
 Terrorism has become highest critical Phenomenon in 2003. 3318 people killed in 2009.
 PTCL was privatized in 2005 which boosted revenue of over 1 billion dollar.
 In 2006-07 Pakistan made 5 million dollar foreign investment called Fiscal year.