The Challenges Of Pakistani Economy
 

The economy for any country is the final way of surviving in the world whereas booming economy is like living neck to neck and step by step with the same pace in the world.

As the matter of fact, Pakistan needs not only to commence building its economy but also to boom its economy in order to strengthen economical position in the world.

There are few hurdles in building Pakistani economy, one of them is debt which has been totalled in billion dollars until now. As Pakistan starts building its economy meanwhile it should also start paying back all its debt which was taken by previous regimes. Likewise having paid back all its debt, Pakistan will have to head towards booming its economy.

Either the loans are taken from IMF, World bank, ADB, and other countries causing huge taxes on people of the country or currency(Rupee) is devalued and dollar goes up creates an inflation in the country. To halt taking loans and keep dollar within control will certainly reduce inflation in Pakistan.

Pakistan should build its solid resources national as well as international with long term planning. The targets and milestones must initially be set and published to the public annually. In starting, the slogans of an economy should be defined or followed publicly with a strong passion.

Most importantly, Pakistan must systemise the things of building economy in a way that upcoming regimes could not affect or hinder the process and discontinue the long term planning at least for next 30 years.

While ending deficit, Pakistan should continue increasing economic growth till very long time. To plan the goals and devise a strategy with long term and short term plannings, the targets and milestones of Pakistani economy must be set with GDP per capita like 5 trillion dollars, 10 trillion dollars, 15 trillion dollars and then 20 trillion dollars in next 30 years.

Written by Shahjehan

Correct article
 

[QUOTE=Shahjehansoomro;1105941]The economy for any country is the final way of surviving in the world whereas booming economy is like living neck to neck and step by step with the same pace in the world.

As the matter of fact, Pakistan needs not only to commence building its economy but also to boom its economy in order to strengthen economical position in the world.

There are few hurdles in building Pakistani economy, one of them is “debt reimbursement”. The debt has been totalled in billion dollars until now. As Pakistan starts building its economy meanwhile it should also start paying back all its debt which was taken by previous regimes. Likewise having paid back all its debt, Pakistan will have to head towards booming its economy.

Either the loans are taken from IMF, World bank, ADB, and other countries causing huge taxes on people of the country or currency(Rupee) is devalued and dollar goes up, creates an inflation in the country. To halt taking loans and keep dollar in control will certainly reduce inflation in Pakistan.

Pakistan should build its solid resources national as well as international with long term planning. The targets and milestones must initially be set and published to the public annually. In starting, the slogans of an economy should be defined or followed publicly with a strong passion.

Most importantly, Pakistan must systemise the things of building economy in a way that upcoming regimes could not affect or hinder the process and discontinue the long term planning at least for next 30 years.

While ending deficit, Pakistan should continue increasing economic growth till very long time. To plan the goals and devise a strategy with short term and long term plannings help get successful in the future, likewise the targets and milestones of Pakistani economy must be set with GDP per capita like $5 trillion, $10 trillion, $15 trillion and then $20 trillion in next 30 years.

Written by Shahjehan Soomro[/QUOTE]

Edited.