Economic Growth of Pakistan
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Economic Growth Of Pakistan
Submitted to: Sir Ali Zaidi
Final Project
Agha Hashim 1011310
Owais Sadiq 1011291
Talha Adnan 1011210
Syed Ali Kamran 0911307
Saddam Abdullah 0811215
ECONOMIC GROWTH OF PAKISTAN
Introduction:
Pakistani economy grew at a fairly impressive rate of 6 percent per year through the first four decades of the nation's existence. In spite of rapid population growth during this period, per capita incomes doubled, inflation remained low and poverty declined from 46% down to 18% by late 1980s. This healthy economic performance was maintained through several wars and successive civilian and military governments in 1950s, 60s, 70s and 80s until the decade of 1990s, now appropriately remembered as the lost decade.
Pakistan’s growth experience over the past sixty years is both impressive and disappointing. It is impressive because rapid growth rate has resulted in a quadrupling of per capita incomes and reduction in poverty levels by one half despite fairly high population growth. Structural changes have transformed a predominantly agrarian economy to a more diversified production structure. Manufactures account for 80 percent of the country’s exports. But there is a sense of disappointment too. Social indicators are worst in Pakistan. Pakistan rank is 146th among 177 countries in Human Development Index. Income Inequalities, Rural Urban disparities and Gender differentials have worsened over time.
Pakistan has lagged behind East Asian Countries and more recently India is so far as integration into the world economy is concerned. Global Competitiveness Report ranks Pakistan 92nd while India’s rank is 48th.
[pic]
General Ayub Khan Era – Decade of Development:
Time Period: 1958-1969
Ayub Khan initiated major policy programs and shaped the direction of Pakistan politics permanently. The most important of these policy
Economic Growth Of Pakistan
Submitted to: Sir Ali Zaidi
Final Project
Agha Hashim 1011310
Owais Sadiq 1011291
Talha Adnan 1011210
Syed Ali Kamran 0911307
Saddam Abdullah 0811215
ECONOMIC GROWTH OF PAKISTAN
Introduction:
Pakistani economy grew at a fairly impressive rate of 6 percent per year through the first four decades of the nation's existence. In spite of rapid population growth during this period, per capita incomes doubled, inflation remained low and poverty declined from 46% down to 18% by late 1980s. This healthy economic performance was maintained through several wars and successive civilian and military governments in 1950s, 60s, 70s and 80s until the decade of 1990s, now appropriately remembered as the lost decade.
Pakistan’s growth experience over the past sixty years is both impressive and disappointing. It is impressive because rapid growth rate has resulted in a quadrupling of per capita incomes and reduction in poverty levels by one half despite fairly high population growth. Structural changes have transformed a predominantly agrarian economy to a more diversified production structure. Manufactures account for 80 percent of the country’s exports. But there is a sense of disappointment too. Social indicators are worst in Pakistan. Pakistan rank is 146th among 177 countries in Human Development Index. Income Inequalities, Rural Urban disparities and Gender differentials have worsened over time.
Pakistan has lagged behind East Asian Countries and more recently India is so far as integration into the world economy is concerned. Global Competitiveness Report ranks Pakistan 92nd while India’s rank is 48th.
[pic]
General Ayub Khan Era – Decade of Development:
Time Period: 1958-1969
Ayub Khan initiated major policy programs and shaped the direction of Pakistan politics permanently. The most important of these policy