Introduction
- Global economic crisis
- Economy of Pakistan at a crossroads
- Causes of economic decay In Pakistan
Table of Contents
Challenges of Economic Crisis in Pakistan
- Dwindling foreign exchange reserves
- Current account deficit increasing exponentially
- Stagnant Small and Medium Enterprises (SMEs)
- Reduced Foreign Direct Investment(FDIs)
- Shameful picture on human development index
- Social fabric of Pakistan torn by a never ending war on terror
- Myopic financial policies leading to fiscal quandary of Pakistan: Relying on IMF
- Regressive taxation exempting the wealthy and squeezing the poor of Pakistan
- Clienteles politics directly conflicting progressive reforms in fiscal policy
- Rampant corruption and money laundering further festering the economic crisis of Pakistan
- Mass illiteracy: biggest hurdle in the way of producing a well-trained workforce concentration of wealth in a few hands
Prospects of Economic Crisis in Pakistan
- Increasing political awareness translating into positive political will necessary for economic progress in Pakistan
- Investment by foreign countries and individual
- Peaceful environment due to curtailment of terrorism: conducive environment for economic stability in Pakistan
- Burgeoning middle class auguring well for economic prognosis of Pakistan
- Policy initiative keeping public opinion at the center: a sure way for a stable economy
- China-Pakistan economic corridor (CPEC) as a harbinger of economic stability
- Advances in science and technology
- Continuation of democracy laying a framework of stable Pakistan
- A robust foreign policy centered on regional cooperation to achieve trade viability
- Restoration of relation with neighboring countries
Conclusion
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