What are the economic issues concerning pakistan?How can they be solved by the government?
Economics
Answer:
many!
do see the economic survey of pakistan issued by the government and the state bank
http://www.google.com.pk/search?q=econom...
poverty, inflation and wealth distribution are most major issues...
while pakistan is the fastest growing economy in the world (second to just china), it has been noted that the growth of approx 8% that was observed in 2004-05 could not be maintained during 2005-06 due to higher inflation rates...
it must also be noted that whenever the govt tries to control the prices of items, the traders launch protests and strikes eventually leading the govt to accept their horrendous pricing systems.. it must also be noted that many of the large and influential traders are related to people in various ministries and govt cabinets..
this is also a disturbing reality that the media recently came up with frightful analysis of the sugar scandal.. the price of sugar was raised from Rs 20 to Rs 40 and Rs 50 per kg (approx 1 USD) within days on the pretext of shortage of sugar.. this caused an immense uproar among the citizens.. though the govt promised to normalize prices, sugar still is available for Rs 27 - Rs 28 per kg (approx 0.5 USD).. the media revealed that many of the sugar mill owners were related to the govt with a couple of them closely related to the prime minister.. eyes were raised once again on the prime minister if he was the root of all corruption (remember that he'd been already under fire for previously holding dual nationality and working for a long time in Citibank USA -- was thought of as a US spy!)
then there's the issue of wealth distribution...
the survey notes that per capita income did increase but income distribution worsened significantly..
there's also the problem of poverty.. the govt claims it has managed to reduce poverty by 10% in recent times.. whether it has been the reduction in poverty or the reduction in the number of poor people is still debatable!
in short the govt has to take solid steps to eradicate corruption to control these three key hurdles in economic development...
Their biggest problem is a totalitarian government. They need less government (don't we all!) and more freedom. They have intelligence and will.
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Answer:
many!
do see the economic survey of pakistan issued by the government and the state bank
http://www.google.com.pk/search?q=econom...
poverty, inflation and wealth distribution are most major issues...
while pakistan is the fastest growing economy in the world (second to just china), it has been noted that the growth of approx 8% that was observed in 2004-05 could not be maintained during 2005-06 due to higher inflation rates...
it must also be noted that whenever the govt tries to control the prices of items, the traders launch protests and strikes eventually leading the govt to accept their horrendous pricing systems.. it must also be noted that many of the large and influential traders are related to people in various ministries and govt cabinets..
this is also a disturbing reality that the media recently came up with frightful analysis of the sugar scandal.. the price of sugar was raised from Rs 20 to Rs 40 and Rs 50 per kg (approx 1 USD) within days on the pretext of shortage of sugar.. this caused an immense uproar among the citizens.. though the govt promised to normalize prices, sugar still is available for Rs 27 - Rs 28 per kg (approx 0.5 USD).. the media revealed that many of the sugar mill owners were related to the govt with a couple of them closely related to the prime minister.. eyes were raised once again on the prime minister if he was the root of all corruption (remember that he'd been already under fire for previously holding dual nationality and working for a long time in Citibank USA -- was thought of as a US spy!)
then there's the issue of wealth distribution...
the survey notes that per capita income did increase but income distribution worsened significantly..
there's also the problem of poverty.. the govt claims it has managed to reduce poverty by 10% in recent times.. whether it has been the reduction in poverty or the reduction in the number of poor people is still debatable!
in short the govt has to take solid steps to eradicate corruption to control these three key hurdles in economic development...
Their biggest problem is a totalitarian government. They need less government (don't we all!) and more freedom. They have intelligence and will.
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