Message

The articles speak about the financial crisis faced by Pakistans economy and have
then goes on to give some solutions to improve the situation. After the bankruptcy
of several American financial institutions many USA based investment sectors were
strongly affected. The global demand for Pakistani commodity has fallen causing to
sever loss to cash inflows of Pakistan. Textile sector suffered a massive damage
especially in areas of cotton and yarn causing people to stop investing in it hence
further fueling the downfall. Higher interest rate resulted in declining the exports of
major sectors including agriculture, cement, manufacturing etc.
Increase in imports of food items, transport equipment and oil worsens the
situation hence resulting in devaluation of rupee when compared to dollar. Shutting
down of businesses gave rise to many other problems such as drastic increase in
employment, rising crime rate and lower growth resulting in poverty.
To overcome these problems government should increase spending on
development projects. Tax policy should be eased and policies should be made to
encourage savings. Profitable sectors such as agriculture need greater support

Relevance
The article has profound relevance to the situation faced by Pakistan. Pakistans
economic conditions have only worsened with the passage of time due to wrong
decisions made by government. Business and industrial sectors have faced a major
setback and are going out of business at an alarming rate. Inflation has risen to an
extremely high level and so far there have been no attempts to improve the
situation.