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#11
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will u explain it? How the contribution reached up to 50percent.
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#12
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such structural transformation is in motion since quite a time. development means growth plus change. So change is good, it has been outcome of healthy contribution by transportation, communication, wholesale and retail trade. So it totaled 53.3%. Rest you can read concerned economic survey chapter also for further enlightenment. chapter on growth and investment.
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#13
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@Sadia Shafiq
You have raised a good question that why services sector have reached to be contributing about half of our GDP. I assume you are not an economics student. This was one of my assignment that normally a country in its initial phases of development rely on primary sector i.e. agriculture and then in 2nd stage go to industrial stage and after that go to services sector as the main contributor of its GDP. However, in Pakistan's case the 2nd stage never came and Pakistan more or less jumped abruptly from 1st stage to 3rd stage with industrial sector was never a major contributor to the economy or for a very short term. My findings were mainly three: 1. Higher prices of inputs. 2. Corruption and lack of governance. 3. Smuggling Now coming to main question that why Pakistan didn't achieve its economic targets. Reasons are: 1. Lack of governance 2. Terrorism. 3. Controlling supply driven inflation by demand managed policy. 4. Natural calamities 5. High input costs 6. Shortage of energy, i.e. loadshedding. 7. Servicing high interest internal borrowing and resulting crowding out investment effect. The list can go on. |
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SADIA SHAFIQ (Wednesday, June 01, 2011) |
#14
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the main reasons to me for nt achieving the econmic targts are lack of competence,mis management,under utilization of resources and poor policy making.
all these things account for our poor economic performence bt the most important among them is the incompetence of policy makrs and their insincerty also.if ther were comptent and sincer peopl present things would hav been diff today.we have all the resources in the world,natural resourcs and most importantly human resourcs bt lack proper planing and policy making to utilize thm proprly. |
#15
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Govt. Missed all the economic target because
1:Flood and because of flood we lost much of our agricultural produce in Punjab area which was the main contributor of our exports 2:Law and order situation prevailing in the country which undermined the foriegn investment 3:Power sector shorter which drastically cut our industrial production 4:Inflation 5: Higher interest rate which was kept to control inflation but it also discourage investments 6: Dependence on foriegn Aid which is the real menace for this problem.We finance our budget from the aid and this factor cut our interest in developing our sector to generate more income. 7: Non implementation of Tax reforms which was expected as a new burden but we need tax reform to widen our tax net and increase our Tax to GDP ratio..We have to bring our elites into tax net aur then we can give relief to the lower and middle class 8:Incompetency of our government which changes its finance ministers after recieving dictation from IMF.. 9:Last but not the least our government was not interested in attaing these goals.Its concern is to keep the 2/3rd majority.This government was only busy in counting its members..
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