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14 Οκτ 2023 · Pakistan is currently facing one of the worst economic crises in its history. A combination of rising debt levels, persistent trade deficits, political instability, and a lack of investment has...
Economic experts think that Pakistan’s economic crisis has several causes. Political instability and poor governance have been significantfactors that undermine the country’s fiscalposition. Pakistan is also highly import-dependent, particularlywith regard to energy, which renders it acutely vulnerable to hikes in global oil and gas prices.
In 1948, India stopped water supply to Pakistani canals to damage the Pakistani agriculture. However on 9th September, 1960 on agreement called Indus Basin Treaty was signed between the two countries. Pakistan mostly consisted of economically backward and underdeveloped area after existence.
Pakistan is encountering two inter-related problems: (a) macroeconomic imbalances and inflationary pressures which reflect an expansionary and dysfunctional fiscal policy supported by a compliant monetary policy; and (b) low domestic savings which, given the increasing strains on external debt sustainability and a poor outlook for private capita...
Pakistan has progressed from a low-income to a lower middle-income developing economy ─ GDP per capita increased from US$294 in 1980 to US$1,017 in 2010 according to the World Bank (2012). The late 1940s: era of emergence of a new national economy.
The Causes of Economic Crisis in Pakistan and Its Remedial Measures. Muhammad Yaqub* 1. Introduction. The State Bank of Pakistan (SBP) had indicated in its letter of invitation to the Conference that the topic on which I should speak is “Economic Policy after the Crisis”.
NUST Institute of Policy Studies organized the lecture titled “The economy of Pakistan: Challenges and way forward” on Wednesday, the 4th of November, 2021. Dr Ashfaque Hasan Khan, veteran economist and academic, contextualized the economic struggles of Pakistan and what measures Pakistan must take to steer the economy in the right
