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Economic issues of pakistan essay
Essay on current economic situation of pakistan
Economic growth and development in Pakistan
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The outgoing year has roughly been tough for Pakistan economy and full recovery is far from the sight. The official data for the FY 09/10 suggest, agriculture sector grew an estimated 2%. Live stock grew 4.1%, industrial output 4.9% and the services sector 4.6 %. The overall economy, however, grew by 4.1 % (provisional estimate). According to the latest Labor Force Survey 08/09, the unemployment rate has increased to 5.5% from last year figure of 5.2% and urban unemployment 7.1% from 6.3%. Analysts believe that the unemployment rate is running into double-digit, however, and the government’s figures are hard to buy. The good news is that overall headline inflation measured by the CPI, however, declined to 13.3 % from 25% in October 2008, albeit, has remained very high by any standard. The outlook of the economy, in near terms, seems fragile as suggested by the Economic Survey of Pakistan (ESP) 09/10.
One cannot disagree with government’s claim that it really finding it difficult to give any stimuli package now. The main impediments to this effect are rising debt and spending on security, inflationary pressures, and overall slowdown in the economy. The ESP comments that given the long-standing constraints, mentioned above, Pakistan cannot afford an expansionary policy stance at this stage without meeting the requisite reserves or fiscal space.
Nonetheless, the main constraint to growth has remained deteriorating security situation of the country. Indeed, post 9/11 scenario has brought more problems for Pakistan if any relief. As per the National Crisis Management Cell, Ministry of Interior, during 2002/10 period a total 8,141 incidents of terrorism have occurred causing 8,875 deaths, and injuring over 20,000 people who is a c...
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...egulatory Authority reckons that the commissions and kickbacks, in awarding government purchases and contracts including defense, costing the economy around US $ 8 billion every year. And going forward, instead of crying on TV talk shows and advocating the nation about VAT benefits, the FBR officials must put its house in order first to check RS 500 billion worth of leakages. Finally, if proper monitoring and controlling, with transparency embedded into the system, is running through the chain of command and the corrupt government officials are given exemplary punishment in no time, it is expected that such measures can save the economy around US $ 4 billion and the nation would not need to go to the IMF/World Bank and finally will be free to carry out its homegrown economic policies and not that of the IMF. The cure lies within us and not before and after.
During 1917 to 1924 Russia was experiencing vast political, economic and social change that began with the Bolshevik revolution. The First World War had left Russia in a disastrous state where the nation, was facing alot of social unrest and facing a major uprising. During this time, the Bolsheviks who had just seized control, undertook several measures to establish their authority including the declaration of initial reforms ie the land decree marriage decree and the decree on workers, the signing
widely known as the “war on terror” it hopes to uncover evidence to suggest that the attacks permitted the United States and consequently, the United Kingdom to undergo a process of legitimization of previously illegitimate acts of violence and force, consequently, causing a breakdown of individuals civil rights and the unlawful killing of many innocent civilians. It is hypothesized that this war on terror may lay evidence to propose that Hannah Arendt’s claim that the act of war ever becoming violent
leader of the French Revolution. Stalin is known as one of Russia’s greatest leaders. There are many differences and similarities in each of their reigns as leaders. Both used economic plans and total war effort as a campaign to further there revolution. Stalin and Robespierre used their revolutions, however, through terror Stalin remained true to his revolution but Robespierre betrayed his. Stalin had an ingenious plan to help his country’s economy get back on track. He called this plan the Five
stemmed from economic hardships being suffered by the masses and resentment of privileges held by the top of society. The goals of the revolutionaries were liberty, equality, and fraternity. Robespierre latter added “justice”. From the 5th of September 1793 to the 28th of July 1794 France’s newly formed republic had a vast change in power in which radical revolutionaries, led by Robespierre and the Committee of Public Safety, took power and began a tyrannic reign. Known as the “Terror”, this phase
Throughout the 20th Century, the world was engulfed in global conflicts, engaging in one war after the next. When looking at these different conflicts, interconnected themes and issues seemed to lead to the later conflicts. The first of the conflicts to affect the globe was the Great War. Since the Great War, numerous conflicts have followed including World War II, The Cold War, and eventually the War on Terror. These wars share similar goals and themes of gaining power and prestige, seeking revenge, and
American economy. B. The 9/11 attack had immediate and long-term economic impacts, and to this day some continue. The economic effects coming from the September 11 attack were initially shocking. It caused global stock markets to drop sprucely. The September 11 attack resulted in approximately 40 billion in losses of insurance. It led to one of the biggest government spending programs in the U.S. history, the War on Terror. The biggest economic impact of 9/11 was how the increased defense spending led
The War On Terror “You can’t win the war on crime, or the war on terror. You can’t repeal human nature.” (Robert Harris). Robert Harris is a writer and a former journalist for the BBC. He examines the war on terror in this quote saying it is unwinnable and it is just human nature for people to terrorize and commit crimes. If this is true, the US government has been spending money and resources on a war that is unwinnable. But, this is just someone's opinion, right? The argument of the validity of
Brest-Litovsk to help save the revolution from foreign invasion was crucial and his practicality was further exemplified through War Communism and the introduction of the New Economic Policy (NEP). The use of terror under Lenin 's rule was also highly effective in removing political dissidents and exerting Bolshevik authority through coercive measures like the Cheka and the Red Terror. The accumulation of these factors centred on Lenin 's leadership helped stamp Bolshevik power across the Soviet Union. Lenin’s
French and the Russian Revolution created similar economic, social and political crisis that led to an uprising revolt, insurrection and a series of murders. Annotated Bibliography "French Revolution Cause: An Economic Crisis."French Revolution Causes: The Economic Crisis. N.p., n.d. Web. 15 Nov. 2014. This source outlines the major economic effects of the French Revolution and how the Absolute
The Gilded Age, which was the time from the end of the Civil War to the end of the 19th century, was a remarkable time of unprecedented economic growth and industrialization, coupled with numerous social problems. The façade of economic prosperity covering the corrupt, unequal society underneath led to that period being termed the “Gilded Age”, referring to a thin layer of gold gilt covering a cheaper material. This pattern of economic upheaval coupled with social ills and new political debates is
Hannibal had failed to win the Punic War, the terror he left on Rome had such a huge impact. In the series of battles, Rome had an upper, middle and lower class that functioned thought out Rome. With the upper class who were rich, had a large estate and cash crops that included olives and grapes, the middle class had only a small farm with 10 acres of land that was surrounded by cereal grains and the lower class who barely had enough land to hold onto. During the War, particularly the middle class, they
down the drain. The economy, war of terror, and unemployment are some major issues America is having. As we speak these issues are gradually developing more and more. As Americans we have always managed to adapt and overcome and that’s what we’ll have to do to conquer these issues. One of the immense issues is the American economy. Less than a year ago economist described America’s economy as the “Lonely Locomotive of the world economy.” The United States is facing economic disaster on a scale few nations
violence, terror, and war. Peace is encyclopedic in terms of the knowledge that it generates as well as the knowledge upon which it draws. This essay is a brief attempt to explore what the circumstances are for peace as thinking and what goes into that thinking. What I'm saying here rests on three important assumptions: first, we cannot simply point outward to terror and "hit" the right target; second, to have peace one must extend peace; and third, the necessary counter to notions of a "just war" is a
The Murder of Reconstruction The Civil War, the deadliest war in American History, ended in a vicious divide of opinions and Northern and Southern States. This war ended in 1865 and thus began the Reconstruction Era where the U.S. tried to unite and the Confederate States were accepted back into the Union. In Reconstruction, the 13th-15th Amendments concerning Civil Rights and African Americans were ratified. The 13th Amendment abolishing slavery, the 14th awarding citizenship, and the 15th providing
since the 1st World War until the year we are today 2017. If there is one thing that the United States has never compromised is the matter of National Security, Terrorism and the safety of the Americans. U.S always values peace and prosperity through diplomatic negotiations between its rival nations. After the 2nd World War, the era of the 2nd Cold War was at an alarming state in the U.S. The USSR has a lot of power over the U.S in terms of military deployment in case of war, more power in terms