0 like 0 dislike
28 views
in Pak. Studies by (1.0m points)
In Pakistan, the bulk of the economic system is owned by the government sector.

1 Answer

0 like 0 dislike
by (1.0m points)
Pakistan is among some of developing countries who have achieved an average growth rate over 5. Pakistan economy has been emerged as an economy with 27th largest in world in term of Nominal. Pakistan has a mixed economy, major decisions are taken by Government and private enterprise, and also economy is exercised by these both sectors. Pakistan economy also depends on its industrialized sector like agriculture, textile etc. Pakistan came in being in 1947 and that time to the fifth decade of it the growth rate of it higher than the world's economy at that time. In the decade of 1960 Pakistan was considered as a model f economic progression throughout the world. It was so much appreciated due to its economic development. Its yearly average growth rate at that time was 6.8 %. Karachi was the most dominant city who was participating god role for increasing the GDP rate and many others cities copied him and South Korea was one of them. Pakistan economy was down in the decade of 197 t0 1990 due to mismanagement of fiscal policy. But again it was recovered by policy of deregulation.

This is a chart of trend of gross domestic product of Pakistan at market prices estimated by the International Monetary Fund with figures in millions of Pakistani Rupees

Related questions

0 like 0 dislike
1 answer 29 views
0 like 0 dislike
1 answer 23 views
0 like 0 dislike
1 answer 110 views
0 like 0 dislike
1 answer 41 views
0 like 0 dislike
0 answers 31 views
0 like 0 dislike
1 answer 135 views
0 like 0 dislike
0 answers 30 views
0 like 0 dislike
0 answers 28 views
0 like 0 dislike
1 answer 28 views
Welcome to Free Homework Help, where you can ask questions and receive answers from other members of the community. Anybody can ask a question. Anybody can answer. The best answers are voted up and rise to the top. Join them; it only takes a minute: School, College, University, Academy Free Homework Help

19.4k questions

18.3k answers

8.7k comments

3.3k users

Free Hit Counters
...