Download - The economcs of PAKISTAN 2016
THE ECONOMICS OF PAKISTAN
AN OUTWRD & OVERWHELMING STRIVING OF GREAT LEADERS IN THE MAKING OF
PAKISTAN
What is Economics? A
Definition of Economics
The branch of knowledge concerned with the production, consumption, and transfer of
wealth.. A study of economics can describe all aspects of a
country’s economy, such as how a country uses its resources, how much time laborers devote to
work and leisure, the outcome of investing in industries or financial products, the effect of taxes on a population, and why businesses succeed or
fail.
THE COLOR OF ECONOMICS IN PAKISTAN DEMOCRACY:
The economy of Pakistan is the 25th largest in the world in terms of purchasing power parity
(PPP), and 38th largest in terms of nominal gross domestic product. Pakistan has a population of
over 190 million (the world's 6th-largest), giving it a nominal GDP per capita of $1,550, which ranks
132nd in the world.
CURRENT ECONOMICAL SCALE OFPAKISTAN 2016.
CHARACTERISTICS OF THE ECONOMY OF PAKISTAN
. Burden of International Debt
Most of the developing countries are depending on foreign economic
assistance to meet the short fall in domestic savings and for quickening
the pace of economic development. As the year pass, the amount of
foreign loans is increasing.
Low per Capital Income
Majority of the people living in developing countries are poverty ridden.
Poverty is reflected in low per capital income. People live in unsanitary
conditions. Service like health, education expand very slowly.
Agriculture, the Main Occupation
In developing countries two third or even more of the people live in
rural areas. Their main occupation is agriculture which is in a backward
stage. The average land holding and the yield per acre is low.
Under-Utilization of Natural Resources
An important characteristics of the developing countries is that their natural resources
either remain un-utilized or under-utilized or mis-utilized. Most of the countries are rich
in resources but they remain un-utilized or under-utilized due to lack of capital,
primitive techniques of production, limited size of the market and sluggish nature of
the people.
Low Level of Productivity
In developing countries people are economically backward. The main causes of
backwardness are low labour efficiency, immobility of labour due to joint family
system, cultural and pshychological factors leading to low level of productivity.
Deficiency of Capital
Deficiency of capital is another common sign in all the developing countries of the
word. The capital deficiency is mainly due to
(1) low per capital income
(2) low rate of saving
(3) low rate of investment
(4) Inequalities of wealth
(5) adoption of consumption pattern of advanced countries
(6) Higher level expenditure on consumption etc.
PROBLEMS OF THE ECONOMY OF PAKISTAN
Increase in Per Capita Income
Per capita income is the annual average income of the individuals of a nation. We
derive it by dividing national income on total population. Agricultural sector
provides more jobs to unemployed people. It increases the individuals as well as
national income. Agricultural sector is essential to increase the PCI, which is $
1254 at present.
Major Source of Employment
Agriculture sector provides employment to major portion of our labour force.
More than 45.0% of our labour force is directly involved in agriculture sector,
while 66.7% of our rural population is dependent on agriculture. This is the major
sector, which provides employment to a large portion of our population.
Agriculture sector is helpful to reduce the unemployment and disguised
unemployment. Reduction in Poverty
Agriculture development has significant impact on rural development. If
productivity increases in agriculture it reduces poverty and stimulates non-farm
employment, too. They are able to get basic services of life such as water supply,
sanitation, provision of health and educational facilitates. About 21.0% population
of Pakistan is much poor.
Supply of Food
Food is the first in basic necessities of the life. The agriculture sector
is the sole provider of all type of food like wheat, rice, corn,
sugarcane vegetables and fruits etc., to the population engaged in
various sectors of the economy. Agricultural sector also provides food
to those animals that provide milk, cheese, butter and meat to
population to maintain the efficiency. According to economic survey
of Pakistan, exports of food group are $ 2007.3 million.
Source of Forex Earning
Agriculture sector is the main source of foreign exchange (forex)
earning which is used to import capital goods. Total forex
resources of Pakistan is $ 17.1 billion out of which share of
agriculture is $2007.3million. Major cash crops of Pakistan are
cotton, rice, tobacco etc. that is helpful to correct the balance of
payment.
UPCOMING CHALLENGES FOR THE PAKISTAN ECONOMY:
CONCLUSIONWe are full of patriotic feelings and our future is
very bright. We could save and change the destiny of our country. For us policy consultative dialogues should be held in order to know their problems.
That it was the need of the hour that patriotism should be promoted as well as negative approaches must be discouraged. Because there are many example of people who have elevated themselves and been very affluent in terms of class due to their hard work and skills. People like Dr.Atta-ur-Rahman, Dr. Umar saif, Arfa Karim youngest Microsoft Certified student in the world, as well as, from Swat valley Malala Yousafzai, were not born in big political or elite families but their work is marvelous. Especially in the case of Dr.Atta-ur-Rahman, who changed the higher education landscape of country.
FASCILITATOR:MISS ANUM…
PRESENTED BY:
MUHAMMAD ADIL NOORANI