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Economic Growth In Pakistan

771 Words4 Pages

1) Statement of Problem
The economic outlook for Pakistan is positive in the short run, however, Long term consistent economic growth prospects can be realized by continuing economic reforms, consolidating gains made through security measures, promptly implementing CPEC infrastructure & energy initiatives and facilitating investments to enhance and diversify exports.
2) Significance and Scope

The research is important as it aims to provide information on regional and global economic performance & trends and economic policies, strategies and incentives that have stimulated or accelerated economic growth globally and in Pakistan. The paper aims identify prospects of economic growth and major areas of intervention to achieve a sustainable growth. …show more content…

The monetary policies are accommodative due to current low inflation. The inflation is expected to pick up due to increase in petroleum and commodities’ prices in the coming years. Pakistan has witnessed substantial economic progress in the last three years; the fiscal deficit has narrowed down to 5% and foreign exchange reserves have increased to over US$ 18 billion. The DGP growth rate has increased to 4.7 percent. However, with economic growth the country needs to focus on fiscal consolidation or increase tax revenue. The Government also needs to external balances and continue its structural reforms program to achieve long term sustainable economic …show more content…

Reports published by international donor and development agencies like USAID, JICA, GIZ, DFID, AfD, AusAID, UNIDO, UNDP, ADP and WB have also stressed on infrastructure development and private investment facilitation in diversified valued added products and markets to enhance stagnant exports with a view to achieve sustainable long term economic growth. Many of these development agencies have implemented competitiveness improvement programs in high growth sectors of the

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