Pakistan’s economic path since its inception in 1947 has been marked by a dynamic interplay of growth, volatility, and decline, reflecting a complex narrative shaped by both internal and external factors. From its early years of rebuilding and modest industrialization to periods of significant economic expansion, the nation’s journey has been influenced by a variety of forces.
(more…)Author: Tariq Khalique
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Rising Inflation – Life Getting Tougher
Making ends meet with rising inflation has become almost impossible for the people, especially the vulnerable society, as the prices of daily use items have reached alarmingly high levels.
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Textile – An underperformed sector
Textile, being one of the major components of the Pakistan economy, makes up around 8.5 per cent of GDP and contribute around 60 per cent to the country’s total exports.
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Pakistan – At Economic Crossroads
Pakistan, a nation once celebrated for its rapid economic growth between 1960 and 1990, has found itself at a critical juncture. During those prosperous decades, it boasted an annual average growth rate of approximately 6 percent, rivaling the best-performing developing nations.
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A Bad Precedent
In Pakistan, politicians treated their constituencies as the fiefdoms, selecting their wives, sons, daughters or grandchildren as successors. The politicians have a tendency to treat their constituencies as their personal belongings, raising questions about the democracy within their party ranks and a barefaced display of nepotism, while making mockery of the democratic system.
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