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Old Sunday, August 07, 2022
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Default Stablisation Of Pakistani Economy

Stablising Pakistani economy has been farmost challenge for Pakistani politicians and economists right from the beginning, meanwhile they have been having crucial hurdles. One of them is political stability which is way too important to be eradicated forever so as to stablise Pakistani economy successfully.

To stablise Pakistani economy, Pakistan needs to develop old and new resources on larger scale, increase exports on larger scale, increase economic growth (intensive & extensive growths) and to mitigate deficit.*Having had political stability in the country, Pakistan ought to have short term and long term plannings while stabilising its economy successfully.

Controling*inflation is also important. Pakistani politicians and economists ought to pay their heed towards industries, IT, agriculture substantially. They should be looking into resources where they can make or cultivate the things locally for pakistani folks. Likewise they should be looking into those resources where they can not only make or cultivate the things locally for pakistani folks but export them thereby Pakistan could increase exports firmly.

Pakistani economy would have been vulnerable thus far if Pakistan hadnít taken worthwhile initiatives to stablise its economy few years ago.*In 2017, Pakistanís GDP (PPP) was US$1 trillion. In 2021, the estimated GDP (PPP) stood at US$1.33 trillion having gotten huge success in stablising Pakistani economy. This has only been possible on account of way forward strategy by Pakistan.

Year 2021, in which Pakistani economy increased with US$0.33 trillion is apparent breakthrough in stablising Pakistani economy. Like year 2021, Pakistan must continue having such stability in economy onwards.

Written by Shahjehan Soomro
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