Macroeconomic variables are the indicators or main signposts signaling the current trends in the economy. Unemployment is one of the macroeconomic variable. Unemployment: Unemployment is when a person is searching for a job but could not find one,they are actively searching and are willing to do work. Unemployment rate is a measure of the number of people who are both jobless and looking for a job.Economy faces high unemployment in the period of recession.6% of world’s workforce were without job
Pakistan is a developing country in South Asia. It houses about 18 million people of the world. For most parts the living standard in this country is underdeveloped or in other words, still developing. Pakistan’s economy is divided into three major parts. According to statistics, agriculture is 21.2%, industry: 25.4% and services cover up to 53.4%. The country is disturbed by many kind of problems, militarily, politically, economically etc. These problems sum up and hinder the development. Pakistan
Pakistan is a center for many cultures, centrally located in South Asia between India, Afghanistan, Iran and China. It is home to many different ethnic groups, making Pakistan a very diverse nation. The Punjabi population makes up the biggest portion of the country with nearly forty five percent, to include the Pashtu, Sindhis and Serakis who make up the other major ethnic groups. This mixture of people has made Pakistan a hub of cultures for thousands of years where people of different religion
The transport sector plays a pivotal role in enhancing the global competitiveness of an economy and as well as in contributing to the efficient functioning of the supply chain, domestically. Efficient transport and telecommunication network reduces production and transaction cost in poor regions which serves as stimulus for domestic commerce. There is a positive correlation between global trade competitiveness and an efficient transport sector. Growing economic interdependence through an increasing
The topic of my research essay is “Pakistan took too many loans from IMF which actually was not needed”. Pakistan did not need any foreign financial assistance and was able to handle the setbacks. In my essay, first of all I will tell you that what IMF is and what is his role in the world. Secondly, I will tell you that how and when Pakistan took his loans from IMF and what were the conditions set by IMF authorities. And then I will tell you the condition of Pakistan at the time of its first structural
social sectors. Economy of a country grows and develop on the spending of government in the two main sectors. i.e. Economic expenditure and social expenditures. High the amount of spending leads to high growth of economy. The economic expenditure includes all those expenses which is directly (in term of financial benefits) contribute to the economic growth while in social expenditures also assist in the economic growth of country indirectly. (In term of social activities) In Pakistan during last decade
Unemployment is one of the biggest problems of the economy .In Pakistan there are 113billion people who are unemployed.Unemployment has risen to 8.3% during 2015.It is expected that this rate will increase to 8.6% in 2016,the major reason is economic growth is not sufficient to create new
investor” (economy watch). The determinants of foreign direct investment may be the socio-economic, financial and the cultural factors which usually have positive and negative effect on the foreign direct investment. The risk is attached to the determinants of foreign direct investment. This paper examines the major determinants of foreign direct investment exchange rate, market size, political instability, infrastructure, openness to market and military rule. Data constraints in Pakistan some determinants
If we analyse the revenue trends of both companies we find that Pakistan Tobacco Company experienced negative growth in its revenues in 2010, which later aced by 9.5 percent in positive territory the next year and in 2012 the growth in sales fetched 12.7 percent mark. Phillip Morris Pakistan on the other hand also witnessed a negative growth in 2010 by 0.73 percent but the growth was further negated by 5.5 percent in 2011, however the company was able to turnaround the figures for the good; clinching
TO: The Honourable President of Pakistan FROM: Drug Policy Advisor SUBJECT: Health and harm reduction: Pakistan’s Future DATE: 29/10/2013 Pakistan's geographic location next to world's largest producer of illicit opium, places the country in vulnerable position and it has emerged as popular transit nation for drug trafficking. Afghanistan produces an estimated 60-70 % of the world’s supply of illicit opiates, 45% of that cross into Pakistan, en route to destination markets.(UNODC Report on PAK)
Pakistan’s geographical position in the West Asia and the Islamic Faith that is shares with a number of regions have made possible a large scale migration of unskilled and semi-skilled labor which lead to a large flow of remittances into Pakistan. Third, Pakistan now has the industrial base to launch a major initiative in the export field. By utilizing our textile, electronics, communication and transport equipment industries we can gain a great advantage through the international
Role of Construction Sector in the Economic Growth Muhammad Saad Siddiqui N.E.D University of Engineering and Technology, Karachi, Pakistan Saadsiddiqui53@gmail.com Abstract: “If Construction moves, everything moves” Construction Industry is the most important industry for any country. It plays the role of a catalyst in national economy. Throughout the world, Construction Sector accounts for a significant proportion of County’s GDP and GNP. This industry can be regarded as a mechanism of
Impact of Climate change on Pakistan History of Pakistan Assad Najamuddin 12-0925 Table of Contents Introduction 3 Temperature variation and extreme climatic events 4-5 Impact 6-10 • Water • Health • Economics • Tourisms • Agriculture Cost to Pakistan 11 Water dispute & Climate 12 Initiatives and conclusion 13 Climate Change: A change in the statistical distribution of climate over periods of time, which can range from decades to millions of years, is known as climate. This can be a change
Overview of the Textile Industry: 3 2. Research Study Purpose & Methodology: 4 3. Literature Review: 5 4. Introduction of Textile Industry in Pakistan: 5 4.1. Cotton Production: 6 4.2. Spinning: 7 4.3. Weaving: 8 4.4. Textile Made-up: 9 4.4.1. Hosiery Industry: 9 4.4.2. Readymade Garment Industry: 9 4.4.3. Towel Industry: 9 4.4.4. Canvas: 9 5. Impact on the Economy: 9 6. Decline in the Textile Industry Growth: 10 6.1. Increase in EFS (Export Finance Scheme): 10 6.2. Energy Crises: 10 6.3. Increase Cost
Pakistan, also known officially as “The Islamic Republic of Pakistan.” The government in Pakistan is a nominal democracy by military leader Pervez Musharraf. In the south and north it can be cold and dry during December to February, but in the south June to September is monsoon season with high winds and intense rain. Pakistan has a high conflict with India, about the Kashmir. As both wanting it for independence, from 1959 to now there has been wars here and there for Kashmir. The type of government
Better education better school Pakistan, with the 26th biggest economy, and the 45th greatest GDP among the world, was an increasingly prosperous developing nation. However, Pakistan faced fatal long-standing problems in education: limited access, doubted quality, and unequal opportunity, which created serious constraints for Pakistan’s rapid economic development in the late 21th century. In spite of the successive government’s efforts, there were three major problems that impeded Pakistan’s to
Sustainable Agricultural Intensification in Pakistan: Challenges and Opportunities Or The challenges and Prospects: Striving towards Sustainable Agricultural Intensification in Pakistan The agriculture of Pakistan constitutes the largest sector of the economy. It accounts for 24% of the Gross Domestic Product (GDP) and it employs around 48.5% of the labor force (Pakistan Bureau of Statistics 2017). About 61.24% population lives in rural areas (World Bank 2016) where directly or indirectly their
The purpose of this assignment is to highlight the importance of tourism and how it has been evolved as the one of the most important sector to contribute in the national economy. How tourism supports the country in financial and social ways and what are the hindrances which tourism is facing in present days. Case study of Pakistan has been taken to show that after having all the potential to be a preferred destination for tourist all over the world but still not able to offer its destinations for
The result suggests that Pakistan has a strong comparative advantage in cotton, and no comparative advantage in sugarcane. This paper defines the comparative advantage that is based on two conditions; it’s very useful for trading partner and under free trade regime. Some strategies
Resources of Pakistan Some of the resources of Pakistan which are being exploited are as follows:- • Cement • Coal • Agriculture Cement Pakistan’s cement industry is used to produce concrete, the most desirable construction material. It is used in the construction of roads, railways, bridges, houses, buildings etc. Pakistan consist of 29 cement industries. It plays a vital role in economy of the country. Value of this resource:- Our cement industry is serving the nation by providing job opportunities