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Old Sunday, June 27, 2021
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Default The Current Status Of Pakistani Economy

Economy of Pakistan has oftenly been a challenge to the prominent leaders as well as economists of the country drastically causing the most noteworthy challenges which are being encountered by every regime coming into power.

Pakistan scarcely started taking some vital and stimulating initiatives regarding developing its economy, when epidemic of coronavirus succeeded dispersing around world affecting Pakistan also. The proliferation of coronavirus caused lockdown as the barrier to develop an economy.

After a very long time we got some glad tidings that debts of almost 1.8b dollars as 1.6 trillion rupees have been waived off by paris club, international community which will certainly help develop economy rapidly. Unlike this breakthrough Pakistan has more or less succeeded in diminishing deficit. Furthermore, Pakistan is heading towards inclusive and sustainable economic growths. Gdp of Pakistan 2021 is $1.1 trillion as 24th rank top 25 economies of the world.

Having achieved some success in developing economy, Pakistani leaders realized that if only Pakistan took these initiatives to develop its economy forty years ago.

Most importantly, one of the pivotal barriers to develop economy we are having is that we’ve been tackling crucial issue of power disruption in the country since way too long ago. On the contrary, wide range of Pakistani people have been consuming electricity abundantly having season deal with the electricity distribution companies in the country, whereby they are permitted to consume electricity as much as they need including usage of airconditions etc for far too long.

Besides, there is likewise problem of kunda system. Electricity theft or Electricity hooking in Pakistan or (Kunda system in local language) has badly impacted Pakistani economy and provision of electricity to the people of Pakistan. If season deal and kunda systems are ended by the Govt. within a country, Pakistan will have an adequate electricity that there couldn’t be power disruption in the country even for a minute. It will substantially boost industrial power consumption to a great extent.

Written By Shahjehan Soomro
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