Why is Pakistan finding it difficult to stabilize its economy?

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umaan waqar
Apr 18, 2020 07:52 AM 0 Answers
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Why is Pakistan finding it difficult to stabilize its economy?

umaan waqar
- Apr 18, 2020 07:53 AM

Lack of iron will to restore the economy is the only reason.

Pakistan got it self in debt trap by posing India as fierce enemy projecting a negative image of India to its people and going for arms race. Focusing on trade relationship would had benefited a lot.

Pakstan should look inside the country for its economic growth.

1-Give support to agriculture. Give tax relief to farmers.

2-Tax Policies – Only 1% people pay the tax. so make rules strict and transparent.

3-Industrial growth – industrial sector accounts for about 24% of GDP. Cotton and cotton-based products account for 61% of export earnings of Pakistan. The country has immense reserves of various minerals and natural resources.

4-Youth power – the enormous talented human resource is getting wasted due to lack of educational infrastructure.

5-Trade Partner – Focus on developing trade relationship with India. India has huge market potential for Pakistan products which will be inexpensive due to cheap transportation.

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