Pakistan is facing economic challenges
Economic problems of pakistan 2018
Our two main production units were established in the United Arab Emirates for the past 30 years and in Saudi Arabia for the last 12 years. Otherwise, it will result in dissatisfaction and also hurt the economic stability in the country," he said. One long run consequence is that economic growth rates tend to be lower than potential. They signify that, despite the occasional bursts of GDP growth in the economy, private investors are not convinced that the underlying fundamentals are strong enough to justify making long term investments. In summary then, while several aspects of short term economic performance are encouraging, the status of various determinants of long run growth suggest that Pakistan has a long road to travel. What are these longer-term challenges? If the culture of embezzlement and tax evasion is stopped, Pakistan may not need IMF loans to survive. What has however happened is that the rate of growth of remittances has slowed down. At one point, it was thought that rising education attainment among the population would be sufficient to generate adequate growth. Despite the improved short term situation several longer term challenges remain. However, they do not generate enough exports to be able to pay the bill. The SME small and medium-sized enterprises sector will be revived so as to improve the national economy. A flexible market-determined exchange rate and an adequately tight monetary policy will be key to correcting imbalances, rebuilding reserves and keeping inflation low, he said, adding that an ambitious agenda to strengthen institutions and remove impediments to growth will allow Pakistan to reach its full economic potential. Iqbal Dawood, president of the Pakistan Business Council, Dubai, sees a challenging time on economic front and advised the government should adopt a cautious approach to expand tax base in the country.
The oldest and simplest justification for a government is being a protector, by protecting citizens from violence. In summary then, while several aspects of short term economic performance are encouraging, the status of various determinants of long run growth suggest that Pakistan has a long road to travel.
Our mission is to be a consumer-oriented company with a keen insight of food products ensuring quality, consistency and an authentic taste, backed up with state-of-the-art technology to obtain optimum result.
Initially when the PTI government took charge in last August, the economy was in right direction despite facing huge challenges, he said. Allowing Federal Board of Revenue FBR to work as an independent, impartial, transparent, accountable and professional outlet will surely make this core institution a modern, effective and efficient tax administration.
In conclusion, there are several economic challenges which Pakistan faces.
Our factory in Saudi Arabia is one of the largest food production industries in the region. They signify that, despite the occasional bursts of GDP growth in the economy, private investors are not convinced that the underlying fundamentals are strong enough to justify making long term investments.
It has also given the urban consumer a break since petrol is an important item in his budget. Indicators relating to the quality of health and access to health remain dismal. Privatization: The state-run entities in Pakistan are making huge losses.
based on 110 review