ECONOMICS PROBLEMS OF PAKISTAN
AND THERE SOLOUTION
Pakistan is one of those developing countries which are facing through the economic problems which are hindering the success and the growth of the country. There are so many economic problems in Pakistan which are getting threatening and devastating day by day and if they are remained unattended than the conditions might even get to worse.
Here are few crucial economic problems which are present in Pakistan and with their proper solutions through which these problems can be resolved;
Energy crisis is the most important and crucial economic problem which has affected the growth of the state adversely, the load shedding of Electricity, petroleum, CNG and Natural Gas has caused various problems and has resulted in the closure of several and numerous industries which has increased unemployment. The best solution to this problem is to find other alternatives of generating energy which might include solar energy, coal energy and even thermal and wind energy which might reduce the load on these available resources. 2.
Out of every 100 rupees of our country’s income we spend 85 and save only 15. Our personal consumption ratio is 85% and saving ratio is 15% which is very low. If we do not save more our domestic investment will be low and by that we face low economic growth. We need at least 24-25% savings for 6% economic growth rate. Our personal consumption should be low. We have to at least double on savings rate otherwise we will remain dependent on foreign sources. 3.
Import and exports:
Our exports ratio in the years before 2009 was 80% as compare to the imports. In 2013 it is come down to the 50% it might go up to 60% but that 40 % of gap in financing needs in imports still exist. Our basic commodities are made up by other...
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