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Economic Problems of Pakistan

Since Independence Pakistan has faced myriad of Economic Problems which ranged from having no source of revenue, no industry to corruption, economic mismanagment and Incompetent Civlilian, millitary and political regimes. Here will review the major happenings in the history of Pakistan which are related to Economics.

  1. Pakistan share was not given after independence by India thus Pakistan problems started from the very bengining. 
  2. Devaluation in 1950, although Pakistan refused to devalue currency in 1949 along with India and UK. This resulted India suspending trade with Pakistan calling its currency as overvalued.
  3. Pakistan industrial growth has not been impressive. Protection has caused ineffiencies in industrial structure of pakistan.
  4. Agricultural issues are lack of modren technology, seed and lack of land reforms beside other.



What is needed?

  1. Privatization
  2. Deregulation
  3. Liberalization
  4. Devolution
  5. Fiscal Decentralization
  6. Widening Tax Base
  7. Financial Services
  8. Provide Favorable Condition to attract FDI
  9. Civil service reforms
  10. E governance
  11. Police reforms
  12. Do away with beureaucratic red tapism
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