Economic condition of Pakistan For the past few years Pakistan has been following the technique of assessment of domestic oil value against the international oil value on a fortnight basis. Back in the year various subsidies were given by the government on the oil price as an attempt to protect the citizens from the prospective record fuel costs. It was also an attempt to curb the rate of inflation prevalent in the country. Financing these subsidies, which by the way are considered a birthright by the population of these countries, is a major burden for an emerging economy. For instance according to the estimate of various prominent economists and analysts, that subsidy was costing Pakistan a whooping
Economy Of Pakistan Research Paper Pakistan
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Economic Condition of Pakistan
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A Portrait of the Death of an Economy My topic deals with Pakistan, its relationship with the IMF and World Bank, and its internal problems that are causing unemployment, poverty, economic crisis and hunger. I shall be analyzing the situation using the neo-classical theory, as it is what the economists of the Pakistan government and the IMF are using to alleviate the economic instability of the country. Situated in the sub-continent, Pakistan is a low-income country, with great promise for growth. Unfortunately, it is held back from reaching middle-income status by chronic problems like a rapidly growing population, sizable government deficits, a heavy dependence on foreign aid, recurrent governmental instability and large military expenditures.