User:Qadirkhuhawar/sandbox

CURRENT ECONOMIC SITUATION OF PAKISTAN Pakistan status most depends on agriculture. Agriculture provide base to our industry. Our country’s 80% foreign exchange and 25% GDP depend on agriculture. Agriculture is the 60% way of employment in Pakistan. Now we can say the development of agriculture will effect on development of our country. Whenever we see the present situation of agriculture First of all there is one thing. Our country borrowing is 56 Arab dollar that money borrowing from different countries like America china. And different organization world bank Asian development. Another thing there is IMF loan 7.6 except these. From these loans there are some loans interest is applying. And every year rate of interest is increasing. These loans are taking for poor people. And they said that money will be use for making more develop economy. And decreasing of poverty That money is not use for economy and poverty. Because of that our country’s 10% people are richest. And remaining 90% from this 40% people are over poverty line. They are so poor they can not fulfill their basic needs like education health   and also another basic need. And also they can not eat two times. And also they have no houses for living. It means they are away from basic needs and facilities. Another side when we see the important part of economy which can make strong economy. Like investment in public infrastructure energy, industry, agriculture, there is no clear development. unemployment is day by day its increasing in 2008 Unemployment Rate: 7.4% but now its 22.3% and our previous GDP rate was 4.5% but now it has reduced 2.5% this thing also effect the society and economy. Just for unemployment people are selling their child. Day by day street crime is increasing. If government gives job opportunity to these people so they will not do these activities government borrowing money from IMF government should use that money in agriculture energy industry health education. but still now we haven’t see government take loan from IMF it has take long time period but still it doesn’t use that is question of all.

Written by: Ghulam Qadir khuhawar ghulamqadir.khuhawar@yahoo.com