Economic Crises In Pakistan

INTRODUCTION TO POLITICAL SCIENCE Assignment # 1

SUBMITTED TO: Sir Adam Saud

SUBMITTED BY: Sadia Atta

Enrollment N0. : 01-155162-026

Class: BSS-3A

Table of Contents

Economic crises in pakistan 3

Battle on terror 3

Lack of Tourism 3

Energy crisis 4

Bad governance 4

Low export and high Import 4

Poverty 5

Inflation 5

Corruption 5

Less Trade 5

References 6

Economic crises in Pakistan

Economy is an essential element of any state and it tells how reinforce and how stable the state is. So for every country, it is far important to ensure that the economy of the country

“Terrorism in Pakistan: its causes, impacts and remedies,” http://www.cssforum.com.pk/

Energy crisis: Power crisis is the essential and critical monetary hassle which has badly affected the growth of the country, the burden losing of power, petroleum, CNG and natural gasoline has induced numerous issues and has resulted in the closure of several and numerous industries which has expanded unemployment.

Bad governance remains the most important issue within the state. Our leaders have financial institution bills in overseas nations. They have got invested in other countries. The own the businesses and have shares in such tremendously developed states and that is the form of insincerity towards the nation. Furthermore, our political leaders have unbalanced mind-set in the direction of the country. Few regions are rather evolved with all facilities whilst few are surprisingly overlooked regions and that is developing anarchy and impatience inside country. Our leaders should be patriotic for the whole country.

Low export and high

Inflation

Excessive charge of inflation is likewise a hurdle in way of financial improvement. Rate of inflation is 13.3% in Pakistan. Because of inflation buying strength of human beings decreases, their consumption will increase and saving decreases. Low saving leads to less investment and a country stays bad and backward.

Inflation has extended unexpectedly, mountain climbing from 7.7% in 2007 to nearly 12% for 2011, before declining to 10% in 2012 and to 2.11% in April 2015. Inflation rate in Pakistan averaged 7.99 %from 1957 till 2015, reaching an all-time high of 37.81% in December 1973 and a report low of -10.32% in February 1959. Pakistan suffered its most effective economic decline in GDP between 1951 and 1952.

Corruption: Corruption is the alternative principal hassle of Pakistan. In Pakistan corrupt human beings have performed high ranks within the country. They do not work surely and it has multiplied the problems. The corrupt people in preference to doing work diligently they simplest work for his or her very own self and in this way they also do a little awful works. They promote less active people and because of the less lively persons they are developing issues for our