This document provides an economic history of Pakistan from 1947 to 2013. Some key points:
- In 1947, Pakistan was predominantly agricultural but lost East Pakistan in 1971, which was its majority population province and major economic contributor.
- Under Ayub Khan from 1958-1968, Pakistan experienced significant economic growth and industrialization, though it benefited some regions more than others.
- The 1970s saw economic struggles due to the loss of East Pakistan in 1971 and global recessions.
- Economic reforms in the 1980s expanded industrialization and the service sector became dominant.
- The 2000s saw periods of growth under Musharraf but also economic issues like rising inflation.
Part 6 of the series on the politica economy of Pakistan which examines the global and domestic environment at the time of General Zia's take over,the economic policies pursued by his team during the 1977-88 decade and how these policies affected the process of economic development of Pakistan
Political Economy of a Post-Colonial State; Economic Development of PakistanShahid Hussain Raja
Despite all the ups and downs, Pakistan is now the 26th largest economy in the world in terms of Purchasing Power Parity, (44th largest in terms of nominal GDP). With per capita income of US$ 4550, Pakistan occupies at 140th place on this count in the world, thanks to her burgeoning population of 200 million people. Pakistan is one of the Next Eleven, the eleven countries that, along with the BRICs, have a potential to become one of the world's large economies in the 21st century. By 2050, with an estimated GDP of $3.33 trillion, Pakistan is expected to become world’s 18th largest economy, according to Goldman Sachs. However, this progress is not as impressive as it looks or should have been keeping her potential. Similarly her dismal social indicators, structural anomalies and income disparities leave much to be desired.
This presentation sums up the development experience—what Pakistan did marvellously, what it did marginally and where it failed miserably during her development journey. It ends with an the lessons other developing countries can learn from this development experience of Pakistan.
Part 6 of the series on the politica economy of Pakistan which examines the global and domestic environment at the time of General Zia's take over,the economic policies pursued by his team during the 1977-88 decade and how these policies affected the process of economic development of Pakistan
Political Economy of a Post-Colonial State; Economic Development of PakistanShahid Hussain Raja
Despite all the ups and downs, Pakistan is now the 26th largest economy in the world in terms of Purchasing Power Parity, (44th largest in terms of nominal GDP). With per capita income of US$ 4550, Pakistan occupies at 140th place on this count in the world, thanks to her burgeoning population of 200 million people. Pakistan is one of the Next Eleven, the eleven countries that, along with the BRICs, have a potential to become one of the world's large economies in the 21st century. By 2050, with an estimated GDP of $3.33 trillion, Pakistan is expected to become world’s 18th largest economy, according to Goldman Sachs. However, this progress is not as impressive as it looks or should have been keeping her potential. Similarly her dismal social indicators, structural anomalies and income disparities leave much to be desired.
This presentation sums up the development experience—what Pakistan did marvellously, what it did marginally and where it failed miserably during her development journey. It ends with an the lessons other developing countries can learn from this development experience of Pakistan.
The Brief and informative presentation about Pakistan Economic Issue and its solution
so The audience can easily understood to this presentation and can easily take the point of view of pakistan economy and the problems and their solutions
and also the Eras are included from sense the Independence of pakistan
Forms of Agriculture in Pakistan
Natural and Human Factors Affecting the Production of Crops
Factors which affect Livestock Farming
Describe Fish Farms
Marine, Inland and Farm fishes
Role of Agriculture in Producing Resources for Economic Development of Pakistan
Pattern of Modernization in Agriculture with Reference of Green Revolution (1958-1969)
Problems Faced by Agricultural Sector in Pakistan
Remedies for the Problems of Agriculture Sector in Pakistan
Agricultural Map of Pakistan
The Brief and informative presentation about Pakistan Economic Issue and its solution
so The audience can easily understood to this presentation and can easily take the point of view of pakistan economy and the problems and their solutions
and also the Eras are included from sense the Independence of pakistan
Forms of Agriculture in Pakistan
Natural and Human Factors Affecting the Production of Crops
Factors which affect Livestock Farming
Describe Fish Farms
Marine, Inland and Farm fishes
Role of Agriculture in Producing Resources for Economic Development of Pakistan
Pattern of Modernization in Agriculture with Reference of Green Revolution (1958-1969)
Problems Faced by Agricultural Sector in Pakistan
Remedies for the Problems of Agriculture Sector in Pakistan
Agricultural Map of Pakistan
The document provides a general overview of the economy in Sri Lanka from the time of Independence in 1948 to the Present era in terms of policy changes, the general affect on different regime changes on the economy and how they have molded the present situation in Sri Lanka in a macro economic perspective.
Business plan for " A CHILDCARE CENTER IN PESHAWAR"diaryinc
Business plan for " A CHILDCARE CENTER IN PESHAWAR" FULL PLAN WITH DETAIL OF FINANCIAL STATEMENT AND THE MARKETING, MANAGERIAL STRATEGIES REQUIRE FOR THE PLAN.
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how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
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how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
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The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
1. `
ECONOMIC HISTORY
The only suitable manner in which a country can be evaluated is to examine its
history and to look at how certain features have evolved through certain
processes and the direction in which these developments have taken place. The
story of development is more important than a mere comparison of numbers at
the beginning with those at end.
Probably the most striking factor that is in a manifested in a view of Pakistan in
2013 as compared to 1947 is that Pakistan today is less than half of country it was
in 1947.in 1947 55% of Pakistan’s population lived in what was then east Pakistan
making it the majority province in terms of population. Despite its majority the
eastern wing was economically discriminated against and exploited .a section of
the ruling elite of the western wing of Pakistan become the oppressors and
exploiters of the east Pakistani people leading to their eventual secession after a
long and painful war of liberation ending in 1971.the contribution made by east
Pakistan to Pakistan economy and society was huge, though never fully
recognized or appreciated by west Pakistani's.
In 1947 Pakistan had every right to be called an agricultural country because at
that time major share of Pakistan's gross domestic product was from agriculture
which contributed around 53% compared to 7.8% from manufacturing and 11.9%
from retail trade. More than 65% of Pakistani labor force worked in agriculture
and almost all of Pakistani exports consisted of primary products, essentially
agricultural commodities like jute, tea, which not surprisingly originated from East
Pakistan.
Pakistan is no more an agrarian country as agriculture contributes on 21% of GDP
and 45% of labor force is employed in this sector now. Manufacturing sector has
grown as its share in GDP is now25%.services sector has dominated all other
sectors and contributing more than half of the county's GDP. Nature of exports
has also changed as now Pakistan is exporting manufacturing products.
2. `
Laying the foundation 1947-58:
In 1947 Pakistan was indeed a predominantly agrarian, underdeveloped, newly
independent nation, with little industry few services, and no infrastructure.
The primary task of the government .attempts to restructure the economy and to
ensure that it was on a strong footing could be undertaken only after the initial
political and economic shocks had been dealt with.
The decade of development:1958-68
1960 stands out as the decade with the best performance. Many of the
economists have written about Ayub khan's era and they are generally agreed
that considerable economic growth and development did indeed take place. They
argue that significant leaps were made in industrial and agricultural production
Observers have pointed out that this aggressive capitalist development caused
serious economic, social and political tensions. They argue that there was
increased disparity in income across different regions. Major growth was in
central Punjab and in Karachi; critics say that two regions were permitted to grow
at the expense of the rest of the country.
The bad luck years: 1971-77
Bhutto's economic policies were more illiberal than those of his predecessor, and
his nationalization was said to be the major cause for a huge downward trend in
growth. In the 1970s GDP grew by close to 5% which indicates the need for a
thorough reexamination of the economic programmed of Bhutto. Bhutto was an
unlucky politician in many ways and events beyond his control affected his
economic programmed.
The economic loss of East Pakistan was strongly felt.
The devaluation of the Pakistani rupee by120% in May 1972 brought significant
dividends in terms of export growth in one year (1972/3)
The 1973 OPEC price increases played havoc with Pakistan's import bill and the
balance of payments deteriorate
3. `
Also, the period after 1973 saw a serious worldwide recession affecting Pakistan's
exports. Recurrent domestic cotton crop failures and floods in 1973,1974 and
1976,affected Pakistan's main exports,
The large nationalized units taken over but Bhutto were the most inefficient in
the industrial sector, and despite this, industry experience a reasonable growth
rate.
Bhutto's government also laid the foundations for future growth and
development from which his successor benefited .basic industries were set up
and a base for a capital goods industry which resulted in subsequent growth. The
Liberal economic policies of Zulfiqar Ali Bhutto were responsible for growth not
only during his own tenure but also in period after 1977.
The second military government 1977-88
General Zia regime was more liberal in economic terms but not politically than
any one of his predecessors. While the civilian military bureaucracy played a
prominent role in acquiring capital and in assuming the role of entrepreneur and
financer, numerous individual capitalists emerged in the post-Bhutto era. High
rates of industrial growth were led by coming on stream of earlier investment
made by public sector under Bhutto, especially in heavy industries and also by
rapid expansion in domestic by USA helped ensure that steps were taken to
increase growth. remittances from middle east and aid from abroad helped
launch Pakistan second economic revolution .By becoming the capitalist world's
front line state against soviet union and specially against expansionism .in the
region Pakistan’s government gained in terms of financial aid and resources.
However general Zia’s martial rile inflicted deep rooted damage to Pakistan
society.
4. `
The era of structural adjustment 1988-1999
The period after the death of general Zia in 1988resulted in return of democracy
to Pakistan, between august 1988 to august 1997, Pakistan had four general
elections with both Benazir Bhutto and nawaz Sharif being returned to power
twice. Since none of the elected governments was able to complete its full term
there have also been more than a few caretaker governments.
Musharrafera:
Pakistan’s economy has witnessed many changes since October 1999, some for
the better and others for the worse.
There was deregulation of the banking sector, including sharply cutting loan
interest rates, putting in place a regime that allowed banks to engage more
liberally in giving consumer finance loans, and lifting restrictions on the number of
branches that foreign banks could open in Pakistan. Easy access to low-cost
consumer finance led to a sharp rise in the sale of consumer goods such as cars,
motor cycles, cell phones and home appliances had been noticed.
hose years, from about $
450 in 1999 to about $ 1,000 in 2007. In making this case, the government chose
to ignore the fact that a falling dollar required that the per capita income figure
be proportionately scaled down to give a more realistic picture of the actual
figure.
The government also tended to gloss over the fact that it had artificially propped
up the value of the dollar against the rupee by directing the State Bank of
Pakistan to regularly buy dollars from the open market.
The government said it had propped up the rupee’s value to help exporters,
arguing that a higher rupee-dollar exchange rate would have meant that
exporters would have earned fewer dollars for their exports, thereby putting
additional pressure on the country’s balance of payments. While there was
considerable merit in this argument, the downside of the State Bank’s
5. `
interventionist operations in the currency market was that it made imports more
expensive in rupee terms
Higher-priced capital goods, in turn, increased the cost of expanding
manufacturing plants or setting up new factories, resulting in a slowing down of
the industrialization process.
Like all bubbles, the low-interest-rate bubble, too, had to burst one day. Within a
few years, loan interest rates again began to rise steeply, soaring from a low of
about five per cent per annum in 2002-03 to over 15 per cent today for business
loans and 22 per cent for consumer finance loans.
Higher education is a federal subject, and the Musharraf-Aziz government has to
be given credit for setting up a Higher Education Commission and for significantly
increasing the budget allocation for higher education,
Foreign remittances start growing speedily in Musharraf era
The Democratic Government ofZardari:
In 2012 the nation was poorer, hungrier, and more deprived than it was in March
2008.
For the first time since independence in 1947, democratically elected legislatures
completed their constitutionally mandated tenures in Pakistan. This is indeed a
significant landmark in Pakistan’s democratic history.
While the Musharraf regime posted 6 per cent to 8 per cent economic growth
rates, the Zardari government couldn’t muster even a 4 per cent GDP growth.
Itis, however, truethat the good fortunedid not favour the elected governments.
the Zardari government came to power in 2008 when the global economies
experienced the worst economic recession since the great depression of the 30s.
The demand for Pakistani goods declined and investment flows dried up, thus
starving Pakistani industries.