Essay on pakistan economic conditions

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From: Matail B.
Added: 03.05.2021
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Economic Problems of Pakistan since 1947

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Socio Economic Conditions of Pakistan Example | Graduateway

Pakistan is a poor country. Its economy is facing variations now a day. When Pakistan become it has very low resources and capital, so the processes of progress were very slow. Unfortunately the politicians of Pakistan were all not well aware of modern global system and the progress processes and the needs of country. Due to bad policies today Pakistan is facing a lot of problems. The continuous failure of policies leads the people of country to miserable conditions. The major problem in the country is poverty which is becoming the cause of crime and social disorder.
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Pakistan economy critical, facing major challenges due to weak growth: IMF

It is vital for its policymakers to seek durable solutions not illusory quick fixes. Peace with its neighbours is essential for durable development. But Pakistan cannot usher in peace unilaterally.
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Politically, religious fundamentalism, sectarian violence, ethnic differences, terrorism and regional economic disparities have made country unstable which contributed toward the unsatisfactory economic condition. It is usually believed that economy grows in presence of political solidity but in the case of Pakistan it rejects the conventional wisdom. Much of countries economic growth has been witnessed in the military regimes which ruled country for nearly three decades. The reasons for this will also be discussed later. Pakistan has been ruled for 29 years by four Military Governments.
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