Socio Economic Issues of Gilgit Baltistan

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1. Introduction to Gilgit Baltistan Gilgit-Baltistan is a non-self-governing territory under Pakistani control and was formerly known as the Northern Areas. It is the northernmost political entity within the Pakistani-controlled part of the former princely state of Jammu and Kashmir. It borders Pakistan's Khyber Pukhtunkhwa province to the west, Afghanistan's Wakhan Corridor to the north, China to the northeast, the Pakistani-administered state of Azad Jammu & Kashmir (AJK) to the south, and the Indian-administered state of Jammu and Kashmir to the southeast. The territory became a single administrative unit in 1970 under the name "Northern Areas" and was formed by the amalgamation of the Gilgit Agency, the Baltistan District of the…show more content…
One thing is common in all developed nations- they are economically sound. When citizens of a country are at liberty from the worries of earning a livelihood, security and other social needs they divert their attention towards development and social growth. They focus on education healthcare and other social as well as economic prosperity comes in. Poor economic condition is the root cause of so many problems that exist in a society. Unfortunately, Pakistan’s economic conditions are pathetic. As if power crises, lack of foreign investment for the development of industrial zones, backward and out-dated technology were not enough, Pakistan’s indulgence in war on terrorism served as a fatal blow to the already crumbling economice state. Result is that all our important industries that once served as an important contributor to the national GDP have been closed down. Sugar, cement and shoe industry is on its downfall while textile industry is breathing its last. Foreign investors are not ready to setup their businesses in Pakistan. They have their own set of problems which include painful and lengthy procedure of getting licenses and work permits in Pakistan, power crises, terrorism and declining exports. Multinational Companies are reluctant to open their offices and franchises in Pakistan. More than 70 MNCs have already packed up their business from Pakistan. Rate of inflation was never a two-digit

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