Professional Documents
Culture Documents
1. Find out one crisis The ongoing economic crisis in Pakistan (2022-present).
(regional) and write why I have chosen this crisis as it is a major economic crisis that is pertinent to
have you chosen it? - ongoing crises in Pakistan.
2marks
2. Explain the causes and There are a innumerable amount of causes for Pakistan’s current economic
consequence of that crisis. state, included but not limited to-
4 marks - Poor governance:
The poor governance in Pakistan can be boiled down to one issue- corruption.
- Low productivity per capita:
Low productivity per capita means a low economic output per individual.
- Excessive external Borrowing
Debt in Pakistan has consistently doubled every 5 years for the last 25 years, going
from 11 Billion USD in 1999, to 220 Billion USD in 2022.
- Recent floods:
The floods were caused by heavier than usual monsoon rains and glaciers melting.
3. Resolution/Solution that
has been already taken to To combat the current economic crisis, Pakistan is introducing additional
solve that crisis - 2 mark taxes, cutting spending in their development budget, and hiking its interest
rate.