Economy of Pakistan 1947-20101947-1960As we know that Pakistan came into being on 14 august 1947. Pakistan is one of the countries which came under the new world order. in new world order theory old colonial system replaced by on which government of different countries controlled by British empire then USA and west Europe according to new world order agent were created and appointed in different countries to achieve different economic and political goals.Pakistan also came under that philosophy, and feudal and capitalists are given power in politics and economic policies. From 1947 to 1960 economic development were not remarkable as compare to India. Although we got separation on same day.In Pakistan from 1947 to 1960 important sectors were agriculture and small industries and wholesale and retail trade. Pakistan joint cento in 1956 and selected capitalist school of thought under that block. own economic system based on Quran, and sunnah did not adopted as per as their ideology.The first foreign policy of Pakistan made on Kashmir war of 1948 against India basis intentionally support USA and its alliances. That we did not made good relationship with neighboring countries like India and china.Economic planning:From 1947 the government made first five year plan 1948 to 1953 for economic growth. This plan only drafted but practically did not implemented due to into country due to instability and negation by government. Death of M.A Jinnah and assassination of first prime minister Liaquat Ali Khan. After that plan, new plan drafted for 1953 to 1960.these plan also did not parasitized till 1958. When first time in history government looked committed towards the economic growth and applied some policies from that plan and also introduced first industrial policy to boost industrial sector. The basic purpose of that policy was that to boost export. For that purpose government introduced schemes in which exporters were able to gain some support from government in monetary and other like tax returns.But till 1960 no policy made for agriculture sector, even though agriculture was most important sector of country in early days. because of negligence of this sector it remained it under the influence and cultivated land cropped by feudal for their self interest rather than national interests. 8% feudal captured whole cultivated land.After 1958 different departments were established to enhance the economy i.e. WAPDA (water and power development authority), RTC (road transportation corporation) some motive of this plan did not applied because of instability and lack of proper management.DATA OF THIS PERIOD IN FIGURE

GDP of 1947 to 1960

1947..1953 10.221954 2.031955 3.581956 2.981957 2.541958 2.4719591960 4.89Percentage share of different sectors in GDP year agriculture manufacture trade other.

Year AGR: MANUF: TRADE OTHERS TOTAL1949-1950 : 53.2 07.8 11.9 27.1 100

1959-1960: 45.8 12.8 12.5 29.7 100

Pakistan had a disastrous year in 2011, with increasing attacks on civilians by militant groups, skyrocketing food and fuel prices, and the assumption of near-total control of foreign and security policy by a military that operated with complete impunity. Religious minorities faced unprecedented insecurity and persecution. Freedom of belief and expression came under severe threat as Islamist militant groups murdered Punjab Governor Salmaan Taseer and Federal Minorities Minister Shahbaz Bhatti over their public support for amending the countrys often abused blasphemy laws.In August and September the southern province of Sindh experienced massive flooding for the second year running, displacing some 700,000 people. Pakistans largest city, Karachi, suffered from hundreds of targeted killings perpetrated by armed groups who are patronized by political parties.The 2013 IndiaPakistan border incidents were a series of reported armed skirmishes along the Line of Control (LoC) in the disputed Kashmir area in mid-January 2013, described as the "worst bout of fighting in the region in nearly 10 years".Abbottabad is a military town that is home to three Pakistan Army regiments and thousands of military personnel and that is dotted with military buildings. The land mostly is owned by the Pakistan Army and retired army officers. Terrorism cost Pakistan more than $43 billion between 2001 and 2010 and 35,000 Pakistanis lives.Inflation has worsened the situation, climbing from 7.7% in 2007 to almost 12% for 2011, before declining to 10% in 2012.As a result of political and economic instability, the Pakistani rupee has depreciated more than 40% since 2007.Foreign investment has not returned, due to investor concerns related to governance, energy, security, and a slow-down in the global economy. Pakistan remains stuck in a low-income, low-growth trap, with growth averaging about 3% per year from 2008 to 2012.Other long term challenges include expanding investment in education and healthcare, and reducing dependence on foreign donors.GDP - real growth rate3.7% (2012 est.) 3% (2011 est.) 3.1% (2010 est.)GDP - per capita (PPP)$2,900 (2012 est.) $2,800 (2011 est.) $2,800 (2010 est.) note: data are in 2012 US dollarsLabor force60.36 million note: extensive export of labor, mostly to the Middle East, and use of child labor (2012 est.)Unemployment rate5.6% (2012 est.) 5.6% (2011 est.) note: substantial underemployment existsBudgetrevenues: $29.51 billion expenditures: $44.19 billion (2012 est.)Inflation rate (consumer prices)11.3% (2012 est.) 11.9% (2011 est.)