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Economic Challenges Faced By Pakistan Essay

794 words - 4 pages

Islamic Republic of Pakistan was established in 1947, a country of 170 million people, full of natural resources and more than 60 years of independence but still not respected in the world community.
Remaining part till today is living on IMF, World Bank and foreign donations. Majority of the population is living in rural areas without basic necessities of life. It is a country where financial gap between rich and poor is widening day by day. From the last 10 years, extremism is increasing.
Almost every kind of problem exists in Pakistan, including electricity load-shedding, bad economy, less educational facilities, less hospitals, inflation and no pure water in many parts. These problems ...view middle of the document...

Thus, causing the country to adopt the new technologies at a snail’s speed.

3. Energy Crisis:

Contrary to Pakistani government and expatriate claims, Pakistan suffers from a massive electricity shortage. Electricity generation in Pakistan has shrunk by 50% in recent years due to an overreliance on hydroelectric power. In 2008, availability of power in Pakistan falls short of the population’s needs by 15% Pakistan was hit by its worst power crisis in 2007
oad Shedding (deliberate blackouts) and power blackouts have become severe in Pakistan in recent years. The main problem with Pakistan’s poor power generation is rising political instability, together with rising demands for power and lack of efficiency.

4. INTERNATIONAL INTERFERENCE
Pakistan can never move forward with its proxy war politics with India and its involvement in the so-called US War on terrorism. It has to strike peace with India and other neighboring countries soon so that it can use its resources for its own people’s welfare and focus on its collective objectives.

5. Terrorism:

Terrorism in Pakistan has become a major and highly destructive phenomenon in recent years. The whole world looks at Pakistan,as a land of terrorists. Main reason being an exploitation through the religious leaders and reaction of the military operations both internally as well as externally.
6. Overpopulation, Inflation,...

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