Economic Problems Faced by Pakistan

3294 Words Jan 19th, 2011 14 Pages
History Of Pakistan

Economic Problems Faced by Today’s Pakistan

Table of Contents
Introduction 4
Poverty 4
Illiteracy 5
Corruption & Political Instability 5
Over Population, Unemployment & Inflation 6
International Interference 8
Terrorism/Extremism 8
Recent Floods 9 Long-Term Effects of Pakistan Floods 9
Reference 11

Introduction

Pakistan was established in 1947 and since its inception; it has been surrounded by countless issues, some of which are confined to ill-formed/missing infrastructure, insufficient refined resources, barren or obsolete factories and technologies, the Kashmir controversy and other fronts also involving an ever-ready enemy to underscore its efforts towards progress. Despite being rich in natural resources,
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It is interesting to note that due to international interference and manipulation, the very same people that we have previously labeled as corrupt, blamed and rebuked for their acts, have come back to govern us after a couple of years and the very same people have welcome them with open arms, representing the inconsistency and apprehension instilled in our social, economic and political framework. A common English saying goes as “fool me once, shame on you, fool me twice, shame on me”.

This has also been one of the key reasons as to why the political process in Pakistan has not prospered so far into any rational coalition. Soon after its inception the sincere and loyal politicians were removed from the main stream and dupes and rubber stamps were put into place, where the final authority has relied upon decisions made outside the country.

Over Population, Unemployment & Inflation

On the one hand we have had years of low GDP growth and on the other a high population growth combined to place Pakistan in a situation where the stability of its economic pie has not been increasing fast enough to facilitate and extricate the country from the poverty trap it was inflicted upon in it’s making. To compound the problem, recent years have seen food prices and utility tariffs shooting up by a wide margin, making it increasingly difficult for people to make
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