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HOW TO PROMOTE ECONOMY OF PAKISTAN (Pakistan Studies)

Article · February 2019

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Zeeshan Ilyas
International Islamic University, Islamabad
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 PROJECT GROUP#

PAKISTAN STUDY
Submitted To:
SIR EHSAN
Group Members:
Zeeshan Ilyas 158-FET/BSCE/F17
Tauqeer Ahmad Khan 172-FET/BSCE/F17
Shayan Ameer 138-FET/BSCE/F17
Abdul Rashid 175-FET/BSCE/F17

Department of Civil Engineering

Faculty of Engineering and Technology
International Islamic University Islamabad (IIUI)
 HOW TO
PROMOTE
ECONOMY OF
A Economic growth is measured by an increase in gross domestic
product (GDP), which is defined as the combined value of all goods
and services produced within a country in a year. Many forces
contribute to economic growth; unfortunately, no one is 100% clear
about what these forces are or how to put them into motion. If this
information was known, the economy, spurred by these forces,
could grow at a constant rate unencumbered by recessions and
stagnation.

Politicians and economists are forever holding debates on the

different ideas trotted out with the promise of being economic
panaceas. Measures taken to induce economic growth include
infrastructure spending, deregulation, tax cuts and tax rebates.

The salient features of Pakistan’s economic history are:

• Pakistan is self sufficient in most food production.

• Per capita incomes have expanded more than six-fold in US Dollar

terms.

• Pakistan has emerged as one of the leading and successful

producers of
cotton and cotton textiles.

• Pakistan has developed a highly diversified base of manufactured

products for domestic and world markets.

• Physical infrastructure network has expanded with a vast network

of gas,
power, roads and highways, ports and telecommunication facilities.
CAUSES OF SLOW ECONOMIC DEVELOPMENT IN

PAKISTAN
The major challenges in achieving economic
development are:

Energy crisis:
Terrorism
Wealth Concentration
Corruption
Youth Unemployment
Lack in quality Education
Poor health facilities
Tax evasion
Lack of good Governance
HOW TO PROMOTE ECONOMY OF PAKISTAN
 HOW TO PROMOTE ECONOMY OF PAKISTAN

1.TOURISM
Pakistan has lot of places to attract tourists apart
from Walled city of Lahore, Old Civilization of
Harrapa, Mohinjodor and Texilla where people are
still living , there are lot of other places like Katas
Raj Temple, Mughal Architectures in various
places and Definitely Northern Areas of Pakistan
are like a heaven for tourists, but to attract tourist
Pakistan have to maintain its stability.
 HOW TO PROMOTE ECONOMY OF PAKISTAN

TOURISM
There are other areas that need simultaneous attention to boost the
economy. Keeping in view the great potential of tourism, it has to be
given top priority. Improvement in the overall security situation is the
first requirement for attracting visitors. For tourism to succeed, the
current visa policy will have to be reviewed. It should be made less
bureaucratic and cumbersome and prospective visitors should be able
to get visas in a relatively shorter period. The current visa policy is
illogical by any standards. In fact, it is a two-visa policy — one to enter
Pakistan and specific to a city or place. The second visa is given to
allow the visitor, tourist, official member of the diplomatic community
to visit only dedicated places and mostly under scrutiny. This is self-
defeating and demeaning and suggests a paranoia mindset. For one
wonders what exactly do our officials fear from citizens of Japan, South
Korea, Singapore, Thailand or Germany, France or Russia, Norway or
Sweden and say Turkey, Indonesia, Malaysia, Saudi Arabia and Iran! For
them only an official engagement, business interest or a strong tourist
passion to visit the beauty of Northern Areas or historical sites will bring
them to Pakistan. They would otherwise have least interest in Pakistan.
If any of the countries were to fight their proxy wars in Pakistan, their
people would generally not come through official channels. And as
experience shows that category of applicant is easily identified by our
intelligence agencies. Even for citizens of India, we need to relax the
visa regime. Businessmen, ordinary citizens, relatives and tourists from
India should have greater freedom to visit Pakistan. The processing of
visa should not take that long. Travel restrictions imposed by Pakistan
on US diplomats are a major source of friction between the countries.
This has resulted in Washington imposing similar restrictions on our
diplomatic staff.
HOW TO PROMOTE ECONOMY OF PAKISTAN

MADE IN PAKISTAN
 HOW TO PROMOTE ECONOMY OF PAKISTAN

2.INDUSTRIES
 . Adopting a “Make in Pakistan” approach to strengthen
domestic industry would create the much needed jobs
as well as value-added exports and import substitution.
The role of manufacturing in the economy has declined
over the years and its growth is well below that of India,
Bangladesh and Vietnam. Pakistan is rapidly losing its
share in world exports, whilst Bangladesh has more than
doubled its share in the last 15 years. We must identify
and reverse the factors undermining domestic industry
to drive up value-added exports and promote import
substitution
 A market of over 200 million people provides domestic
manufacturing (and service industries) the opportunity
to acquire scale and become competitive. With this
advantage, Pakistan can reduce its reliance on imports
and find markets for value-added exports abroad.
 HOW TO PROMOTE ECONOMY OF PAKISTAN

3.Govt Companies and Organization

We have to develop Pakistani Companies and people have

to used Pakistan Govt brands.
 HOW TO PROMOTE ECONOMY OF PAKISTAN

4-Improve taxation and tax collection

 Any sound economic system is based on revenue

collection, i.e. taxes. Very few people in Pakistan pay
taxes and most of the taxes collected are via indirect
taxes (which is not enough). Without a sound and
reliable tax collection stream from the government,
the economy would have a tough time improving.

 Taxation allows government to reduce borrowing,

improve various aspects of the state (external debt,
infrastructure, poverty alleviation, etc.)
 HOW TO PROMOTE ECONOMY OF PAKISTAN

ENERGY CRISES
 Out of all the problems we face as a country, energy
seems to be the one that annoys us the most. It’s not
that other issues are not important or are somehow less
annoying; it is just that every single person in Pakistan
uses energy in one form or another and hence is directly
affected by it at a very personal level.
 Even though I would have personally preferred the perspective
economic plans to be put forward first, but a start on an issue
like energy strategy seems to be pretty good too. This is a
national issue and we need all the alternative policies we can
get to finally craft a solid national policy and in that regard,
political parties putting forward their workable strategies is
something the people have longed for.And in that spirit, I would
like to present a few ideas that can help with our energy crisis.

 1. Replacing thermal power fuel

 2. Moving past the myth of Thar coal
 3. Improved energy mix
 4. Stand alone power projects
 5. Dismantle the national grid
 HOW TO PROMOTE ECONOMY OF PAKISTAN

3.Exports of Fresh and Dry Fruits

 There are lot of things which are produced in Pakistan

and have unique flavor like no one else in the world,
Pakistani dry fruits and Fresh Fruits are best in the world
a little management is required to export best quality
stuff , it will affect very positively to improve our
economy..
 HOW TO PROMOTE ECONOMY OF PAKISTAN

Pakistan Agriculture & LiveStock

 Pakistan’s agriculture, livestock and dairy potential is vast

but yield and quality are below global standards. This
denies farmers adequate returns. The government’s
support price for sugar-cane and wheat results in
uneconomic surpluses of both sugar and wheat, at the
expense of cotton, which the textile industry needs for
value-added exports. We also need to encourage the
growth of oil-seeds. The country spends billions in
importing edible oil. A heavily taxed broadband internet
limits penetration and growth of e-commerce and the
digital economy, marring the potential for jobs and
exports
 HOW TO PROMOTE ECONOMY OF PAKISTAN

Pakistan Agriculture
 IMPORTANCE:
 Economy of every state depends on three sectors i.e agriculture,
industry and commerce. These three are interrelated with each
other as the progress or retrogress of one sector effects the other
two. Pakistan is an agricultural state thus agriculture gains are of
much importance than any other sector. Importance of this sector
is manifold as it feeds people, provides raw material for industry
and is a base for foreign trade. Foreign exchange earned from
merchandise exports is 45% of total exports of Pakistan. It
contributes 26% of GDP and 52% of the total populace is getting
its livelihood from it. 67.5% people are living in the rural areas of
Pakistan and are directly involved in it.
 Solutions For Agricultural Problems In Pakistan:
Feudalism should be abolished
 Taxes should be levied on Agricultural income but not
without devising limit of land holding
 should take responsible steps in approving seeds
 A new Agricultural policy must be framed in which
following steps should be focussed on.
- Small farmer must be focused. The major
problems of small farmers should be solved first.
- Consumer friendly policy must be projected.
- Productivity enhancement programme must be
constituted to adjust and support prices.
-Different Agricultural zones should be introduced.
 Latest machinery should be provided to the farmers
 Modern techniques of irrigation can solve the problems
of irrigation in Pakistan
 More dams should be constructed
 HOW TO PROMOTE ECONOMY OF PAKISTAN

EDUCATION SYSTEM OF PAKISTAN

It is clear in this Era of Technology and progress that Education plays
vital role in progress and development of a country and nation. As
Pakistan is an under developed country, Education is Extremely
important for its Children and youngsters as well.

 We are watching that standard of Education system in Pakistan is

worst of its kind and if it will not change, Economy of Pakistan will
go down daily and Pakistan cannot become Fully developed
country until the System and structure of Education is improved
or totally changed.
Today I am here with some suggestions for the Improvement in
the current Education of Pakistan for a Better future because
according to the Article of 25-A of constitution of Pakistan:
THE STATE SHALL PROVIDE FREE AND COMPULSORY EDUCATION
TO ALL CHILDREN OF THE AGE OF FIVE TO SIXTEEN YEARS IN SUCH
A MANNER AS MAY BE DETERMINED BY LAW

 But as we see today in Pakistan that the condition of schools and

colleges of Govt. sector is worst as compared to Private schools
and colleges, This is mainly due to the syllabus and the method
of teaching in both Govt. and Private sector.
We ourselves have created double standards for education like
different education levels for different classes of people (i.e:
middle class, lower class and upper class people), because lower
class people could not afford such costly fees of private sectors.

 Let me highlight some main points for improvement of

Education system in Pakistan:

 Career Counseling
 Change the system:
 Equality and Quality in Syllabus:
 Training for Teachers:

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