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for many years. Some of the major economic challenges facing the country
include high inflation, a large trade deficit, and a low level of foreign
investment.
One of the major causes of high inflation in Pakistan is the high population
growth rate, which has led to an increase in the demand for goods and
services. This has also led to a shortage of housing, transportation, and other
basic necessities, further driving up prices. Additionally, the country has also
been facing a large trade deficit, which means that it is importing more goods
than it is exporting. This has led to a shortage of foreign exchange, making it
difficult for the country to pay for its imports and service its debt.
To address these economic issues, Pakistan has taken several steps, such as
implementing economic reforms, devaluing its currency, and increasing
exports. The government has also been focusing on attracting foreign
investment by improving the business environment and promoting the
country as an investment destination. Additionally, the country has been
working to improve its infrastructure, such as by building new highways,
airports, and ports, in order to make it more attractive to investors.