The economic problems of Pakistan have seriously jeopardized the very foundations of its polity. Due to dismal economic performance over the year, the socio-political and institutional development of the Pakistan society have been stalled and the security, sovereignty and territorial integrity of the state are mortgaged at international lending institutions. The low economic growth rate is not just a game of numbers, it has serious repercussions for human development. Dismal economic growth signifies that the gap between the rich and the poor is widening; millions are going jobless, unemployment is rising, inflation is sky rocketing, provisions of health and educational facilities are few and far between and every year millions more are pushed below the poverty-line. Successive governments have failed to formulate a viable and pro-poor economic growth model. The fatal fault-lines in the economic framework have hampered the sustainable economic recovery.
Economic Problems Of Pakistan And Their Solutions
Different challenges and prospects of Pakistan’s economy
Pakistan is the country where more than half population is living below the poverty line. The reasons for decline are overpopulation, terrorism, bad governance and low literacy level. Other problems include the neglected attitude of world powers towards our state. There is the lack of systematized infrastructure within the country. If we look at the overpopulation then we will come to know that we have bundle of people with few resources. Few years earlier, the population was very huge. Government put some attention on the issue and now the population is under control.
Social Problem in Pakistan
Moreover wars fought with India in and which led to partition of East and West Pakistan. Administration was weak as Prime Ministers and Presidents. In this study they compared the history of most disciplines; the studied of consumer behavior in its infancy, dating back less than 50 years.
In reviewing the major challenges, the economic problems of Pakistan stand at top of this list. Surely, every single person wants to do a business or in search of a job. But they are unaware of the fact that if we can not get rid of these economic problems then in the future there will be no stable business and no prosperous job. Although the new government is trying to overcome these difficulties, still they have to face many challenges. The detail of these the main economic problems of Pakistan is also mentioned below.