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Jul 1, 2011

Economy of Pakistan


Pakistan is one of the Islamic Countries having an atomic power and located in the southern region of Asia. It has four provinces and many different famous places of the world like few of the mountains and human made stuffs. Pakistan was got separation from India and got few neighboring countries such as India, China, Afghanistan, Iran and somehow Tajikistan. It is located in such manners as it is also touched with the Arabian Sea and almost 660 Mile of Pakistani boarder is found in connection with Arabian Sea that offers the biggest advantage in trading things from the rest of the world. The world’s few most famous mountains like Naga Parbat and K2 have also been located in the northern areas of Pakistan that deserve to be praised due to the eye catching look. Islamabad is the capital city of Pakistan where as Sind, Baluchistan, KPK and Punjab are the provinces that has separate provincial capitals but Karachi and Lahore are two major gateways that is dealt by air traffic. It is also possible to travel from Iran to Pakistan or India to Pakistan by traveling through train as there are proper channels found that helps in picking people from one side to another. Hyderabad, Peshawar, Quetta, Multan, Faisalabad, Gawadar and Sialkot are few other famous cities of Pakistan. Islamic Republic of Pakistan has also been gifted with all three of the natural resources such as Marina, Forest and Desert.
Let’s come towards the economy of Islamic Republic of Pakistan. As it is well known that it has only spent 60 years of independence and that is why, Pakistan is considered as the under developing countries of the world on the basis of economy. There are many different factors that contribute to have strong and powerful economic phase of the country. In spite of having spent very short span of independent time, the economy of Pakistan has been considered as 27th largest and leading economy of the world and this economic statistics are based on the purchasing power of the people.
On the other hands, there are few dark sides that stop Pakistan to grow and bring up its name in the list of the strongest economic country of the world. It is an unfortunate of Pakistan that since the independence, Islamic Republic of Pakistan has not got any decade of stable and certain political conditions. A huge amount of disturbance has always found present in Pakistan by its political sector. However, this disturbance also stops a great deal of foreign investments as people do not want to invest in such a country that has no political stability and that is politically disturbed.
If these few factors were taken as crucial elements and steps were taken for the removal of these hurdles then the economy of Pakistan would be considered as the strongest economy of the world.

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