PAKISTAN’S ECONOMY; PAST EVENTS, PRESENT SITUATION AND FUTURE PROSPECTS / RECOMMENDATIONS.

Abstract

Pakistan is a country with many bestowed blessings from nature and Almighty Allah. This country has many natural resources along with an intelligent and strong human resource. Pakistan also possesses a very important geographic position in the world being at the hub/ junction of countries rich in natural resources and enjoying strong positions on the global arena. The world and the Islamic nations view Pakistan as a fortress of Islam and a country of great importance. However, this country has faced many ups and downs in terms of its sociopolitical and socioeconomic sectors which are still prevalent now. The economy which is of primary discussion in this project has remained unstable for a considerable amount of time after the 1980’s when Pakistan fell into the whirlpool of political turmoil and lost its consistency of GDP growth of above 5 percent since independence. The project makes an effort to understand the historical events and their effects/ repercussions on the economy, takes a qualitative as well as a quantitative approach to the problem and eventually attempts to give some recommendations in light of these analyses.