Economy of Pakistan

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Economy of Pakistan

Fatima khan
Pakistan studies
Course instructor: Miss Tabassum Ara
WHAT IS ECONOMY
Large set of inter-related
• Production
• Consumption
• Activities
• Services

Economy of Pakistan
• Self-sufficient in most food production.
• Per capita incomes more than six-fold in us dollar terms
• Manufactured products for domestic and world markets.
• Physical infrastructure of gas, power, roads and highways, ports
telecommunication facilities.
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Factors on which economy depends

Macroeconomic Stability:

Reduction in fiscal deficit,

Acquiring a surplus on the current account balance of payments,

Lowering of inflation,

Transformation of external debt profile.

Structural Reforms

Privatization

Deregulation
3
Liberalization
Factors on which economy depends

Financial Sector Reforms


• Market oriented
• Private sector dominated sector performing efficient intermediation.

4
Factors on which economy depends

Economic Governance:
• Transparency
• Consistency
• Predictability
• Rule-based decision-making

5
Budget and progress
in economy of
Pakistan
Education
Budget
Federal government has allocated funds amounting to rs28 billion for the education

Progress
. Nep will be replacing the 10+2 curriculum structure with a 5+3+3+4 structure.
The new system has proposed 12 years of school education.

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Health
Budget
In the current year's PSDP 2021-2022, PKR 21.7 billion has been allocated to the Ministry
of National Health Services

Progress
Currently, 92% of the rural population and 100% of the urban population have access to health
services

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Technology
Budget
The incumbent government of Pakistan allocated Budget 2021-
2022 for Science & Technology Research Division is 8341
million rupees.

Progress
• Development of media military technologies
• Growing base of doctors and engineers
• Influx of software engineers

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Agriculture
Budget
12 billion rupees have been allocated for the agriculture sector in
the budget 2021-22

Progress
Grows by 2.77 percent against the target of 2.8 percent.

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Military
Budget
The Pakistan government has announced a defense budget of PKR1.
37 trillion

Progress
• Innovation in air craft designs
• Progress in export of technology

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COMPARISION OF EXPORTS OF
PAKISTAN WITH OTHER
COUNTRIES

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IMPORTS OF PAKISTAN

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EXPORTS OF PAKISTAN

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PROBLEMS FACED BY ECONOMY
OF PAKISTAN

1 2 3

Heavy external and


RISING UNEMPLOYEME
Domestic
POVERTY NT
indebtedness

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CAUSES
• Energy & water shortages
• Political instability
• Lack of policy implication
• Continuous increase in inflation
• Security concerns
• Burden of foreign debt
• Misbalance between import and exports
payments etc.

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SOLUTION TO STABILIZE THE
ECONOMY OF PAKISTAN

• Improving the energy situation


• Correcting the long neglect of exports
• Using international trade as a driver of
growth
• Normalizing the political situation with
other countries

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“ CURRENT ECONOMIC
SITUATION OF PAKISTAN
The growth of Pakistan's economy is projected to


slow down to 4% in 2022 from 5.6% in 2021
before registering a slight uptick at 4.2% in 2023.
From growth rates, we move to price movements.

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Thank you

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