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Old Thursday, February 19, 2009
emranali emranali is offline
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Default Pakistan's Economy in times of Global Economic Crisis

Global credit crisis has squeezed bigest economies like USA, Japan, Europe etc as well as minor economies leaving no exception. Giant financial institution like Lehman Brothers and others are pinned down. Unempoyment is on unsusal increase everywhere which has brought natives to streets against employment of foreigners in thier countries.
The concept of Lassiez-faire economy and Globilisation faces setback. Provision like "Buy American" and protective policies beget concept of "Economic Nationalism". Mostly counrties want investment in their homes instead of exploring foreign market so as to create jobs for locals.

Pakistan economy in three quarters of current decade of 2000 saw good gorwth. FDI, Aid and foreign remmittance poured in the coutry with records.Thanks to 9/11 and earthquake, blessing in disguise!!
Now that foreign factors i,e FDI and aid is freezing and macroeconomic imblance are at high, what challenges our economy faces and what are remedies.

Friends! kindly share your views supporting them with facts and figures
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