Like developed countries Pakistan is not strong enough to bear the impact of negative effects of industrial era on living conditions of humans. More than half of the population of Pakistan has not enough resources to save them thus they are expo...
To truly understand the changes that Afghanistan must make to foster the growth of a strong economy, the country’s current situation must be examined. According to the CIA World Factbook, the country had a Gross Domestic Product (GDP) of $34.29 billion 2012 US dollars. This comes from three primary economic sectors: agriculture, industry, and services. The majority (78.6%) of the country’s population works in agriculture, but this only contributes to 20% of the country’s GDP. This shows a very inefficient use of the resources the country has and is the first thing that must change to strengthen the economy.
This article is found on Gale, an educational database that provides valid information. A quote from the article states, “If the evil economic system can be implemented and obtained growth, why not the just economic system may be implemented. The need is only for sincerity and devotion at all levels of the society.” The article discusses the relationship between the economy and living standards of the citizens of Pakistan. The socio-economic system currently is based on having relationships to inherit wealth, but is in the process of changing to an Islam-based economy for the purpose of ending poverty exploitation.
Special attention is given to Pakistan as it has become the main hub or safe haven for all terrorist groups and the second reason being the procurement of nuclear weapons and rocket technology from North Korea. Shahid Javed Burki elaborates on the problems faced by Pakistan that drives the nation in a backward manner. Some of the problems include fiscal imbalance, poor monetary system, weak financial system, domestic savings on a low, increasing debt, low investment rate, rapidly diminishing infrastructure, high growth in population, weak government, poverty on the rise and a non confident legal system. These problems are elaborated as follows:
Pakistan economy, undoubtedly, is caught in both the cost push and the demand pull inflation but it can be rescued if the government uses right policy mix. However, with over 80% of the available pool of money reserved for non-development expenditures (defence, interest payments, running of the federal government), Pakistani government seems to be running out of options to introduce any stimuli package in the FY 10/11. Contrary to that, the USA, the UK, Japan, China and India, were able to recover their economies through fiscal stimulus packages, however, Pakistani government decided to cut down spending on development projects which will likely slow down the economy further.
Pakistan has a per-capita income of $1,900 per year, so in essence, a typical person survives barely on $5 per day, and with the high rate of inflation it becomes difficult for a low-income population to survive. Nike’s child labor is spread all over Pakistan but has the greatest impact in the northwest of punjab province, that is Sialkot. Pakistan has a population of approximately 1 million and is an important center for the production of Nike’s goods for export to international markets, particularly sporting goods and shoes. Sialkot is one of the world’s most important centers for production of Nike’s sporting goods.
... of Pakistani and African origins, whose unemployment rate is over 50 percent even when so many people are having two jobs – that could be a perennial source of instability.
In Pakistan, people are stricken with poverty, the economy is unstable, and there are no opportunities to fulfill one’s goals. The U.S. economy is abundant and ripe with jobs. The only attribute is that one has to go out and want a job. Pakistan is more of a follower than a leader. It essentially adopts America’s ideals, but does not attain them. The poverty and unemployment rates are increasing daily. In many cases, one person works in the family and rest of the individuals sit back and play cricket or watch movies all day long. There is no hope of becoming a self-made person. The system is backwards and I think it requires a change. In contrast, living in Ameri...
Pakistan is facing energy crises due to increase in demand, a poor management and lack of investment in our energy resources. Our energy needs depends upon oil and gas. We have to import about 30% energy in the form of crude oil, coal, LPG etc. 
This sector provides raw material to different industries in the form of capital. The national herd system consists of 29.6 million cattle, 53.8 million goats, 26.5 million sheep, 27.3 million buffaloes and 0.9 million camels (Shabbir, 2011). From the last three decades, the livestock sector is growing at 2.9 percent due to poor economic policies but on the other hand, human population growth rate is increasing 2.05 percent (Shabbir, 2011). Due to human population growth and urbanization, the demand for livestock products is increasing rapidly. But the current situation, it is difficult to meet the demand for the livestock products entire country because the human population is increasing rapidly than the growth of milk production. During 1999-2000, the government of Pakistan (GOP) has spent 1213.5 million Pakistani rupees (PKR) (almost 12.135 $ U.S dollars) for importing the milk products at high cost to fulfil the population need (Garcia et al., 2003) which is an extra burden on our economy and imports (Khan, Abbas, Naeem, Ayaz, & Akhter, 2013). By providing the credit opportunities to smallholder dairy farmers that would be helpful for improving the living standard and milk production (Hussain, Iftikhar, Khan, & Nisa,