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Economic Crisis of Pakistan

The document discusses the economic crisis in Pakistan, outlining its history and causes such as short-term policies, natural disasters, and high defense spending. Effects of the crisis include unemployment, inflation, and declining purchasing power. Key challenges include lack of quality education, poverty, and lack of good governance. Recommendations to address the crisis involve creating an investment-friendly environment, investing in human capital, resolving the energy crisis, and promoting tourism.

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Asif Khan Shinwari
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753 views14 pages

Economic Crisis of Pakistan

The document discusses the economic crisis in Pakistan, outlining its history and causes such as short-term policies, natural disasters, and high defense spending. Effects of the crisis include unemployment, inflation, and declining purchasing power. Key challenges include lack of quality education, poverty, and lack of good governance. Recommendations to address the crisis involve creating an investment-friendly environment, investing in human capital, resolving the energy crisis, and promoting tourism.

Uploaded by

Asif Khan Shinwari
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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ECONOMIC CRISIS OF

PAKISTAN
SEQUENCE OF PRESENTATION
 Introduction
 Economic Crisis of Pakistan
 Causes
 Effects

 Challenges

 Conclusion
 Recommendations
 Bibliography
INTRODUCTION

 History of the Problem:


 Distribution of assets at the time of partition
 Dynamics of South Asia
 Loans from international institutions (IMF)
 Burden of War on terror
 Ill aligned policies of governments
CAUSES OF ECONOMIC CRISIS OF
PAKISTAN

• Short Term Policies


• Natural Disasters
• Excessive Reliance on Financial Institutions
• Macro-economic issues
• Low Tax-Base
o About 50 million tax payers
CONTINUED…
 Decline in exports
CONTINUED…

• Over-valued Currency
• Undocumented Economy
• High Defense Expenditure
• Terrorism
o Global Terrorism Index- 4th worst hit out of 163

states
• Current Account Deficit
• Energy Crisis
EFFECTS OF ECONOMIC CRISIS OF
PAKISTAN

 Unemployment
 Inflation

 Circular Debt

 Budgetary Constraints

 Declining Purchasing Power

 Withering Trust of Foreign Investors


CHALLENGES OF ECONOMIC CRISIS OF
PAKISTAN

 Lack of Quality Education


 94th out of 137th in Global Quality Education List
 Neighboring India stands at 34th
 63% children enrolled in primary schools, half of
them dropout due to various reasons
 Poverty
 1/3rd of Population below Poverty Line
CONTINUED…

 Lack of Good Governance


 Debt Servicing
 Around 30% government expenditure earmarked
CONCLUSION

Without any doubt the targets are difficult but not


impossible.

All institutions of the country must work in collaboration


to improve the economic indicators.

The impacts shall certainly become palpable in all spheres


of the society.
RECOMMENDATIONS

• Investment Friendly Environment


• Encouragement of Domestic Industry
• Long-term policies
• Investment in Human Capital
o 164th among 195 states in terms of investment in

Education and Health


o 134th among 157 countries in World Bank’s Human

Capital Index
CONTINUED…

 Capitalize on CPEC opportunity


 Equitable taxation for all industry
 Resolve Energy Crisis
 Promotion of Tourism Industry
 WEF’s Travel and Tourism Competitiveness Index

2019 ranks Pakistan 121 among 140 countries


 Three positions improved since 2017
BIBLIOGRAPHY
 CSIS. (2019). Center for Strategic and International Studies. Retrieved 11 25, 2019,
from CSIS: https://www.csis.org/analysis/economic-crisis-pakistan-again-whats-
different-time
 Malik, S. (2019). Pakistan's Economic Woes: The Way Forward. Retrieved 11 26,
2019, from https://thediplomat.com/2019/04/pakistans-economic-woes-the-way-
forward/
 Rana, S. (2019). Tax-to-GDP ratio sinks to lowest in five years at 9.9%. Retrieved 11
25, 2019, from https://tribune.com.pk/story/2004148/2-tax-gdp-ratio-sinks-lowest-five-
years-9-9/
 Talpur, M. (2017). Nine Causes of Slow Economic Growth in Pakistan . Retrieved 11
24, 2019, from https://dailytimes.com.pk/7932/9-causes-of-slow-economic-
development-in-pakistan/
 Yaqoob, M. (2011). The Causes of Economic Crisis in Pakistan and Its Remedial
Measures. SBP Research Bulletin .
THANK YOU

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