Agro Haryana

Pakistan Economy: Pakistan gets 'blow after blow'... Population of PAK yearning for food increased, economic growth rate decreased

 Pakistan economic crisis: Due to poor performance of industrial and service sectors, Pakistan's economic growth rate declined to only 1 percent in the second quarter of this financial year.
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 Pakistan Economy: Pakistan gets 'blow after blow'... Population of PAK yearning for food increased, economic growth rate decreased
Agro Haryana, New Delhi Pakistan Economic Growth Rate: Pakistan's problems are showing no signs of decreasing. The unilaterally increasing inflation in the country is breaking records. At the same time, there is an increase in the population of the country. 

Due to poor performance of industrial and service sectors, Pakistan's economic growth rate declined to only 1 percent in the second quarter of this financial year.

According to the report of The Express Tribune, the slow growth rate reflects the wrong policies of the government, which has increased unemployment. 

According to the country's National Accounts Committee (NAC), the overall economic growth rate during the second quarter (October-December) of the current financial year has been 1 percent.

What does the report say?

According to the report of The Express Tribune, the government body said that the industrial area declined by 0.84 percent during the second quarter as compared to the same period a year ago. The service sector remained almost stable at a growth of 0.01 percent.

Population grew at the rate of 2.6 percent

The country's population is increasing at the rate of 2.6 percent annually. Any growth rate below this means that poverty, unemployment and malnutrition will increase in the country.

Inflation and impact on business

Pakistan has been under the IMF program for a long time and has been implementing strict fiscal and monetary policies. Rising inflation has taken a toll on businesses as well as people, limiting their ability to purchase goods.

Consider doing business again

Pakistan's Foreign Minister Muhammad Ishaq Dar had said a few days ago that the business community of the country, which is facing cash crunch, is keen to resume trade activities with India. The Foreign Minister had said that Pakistani businessmen want trade with India to be restarted. 

The Foreign Minister said that we are again considering starting trade with India. 'Express Tribune' newspaper quoted Dar as saying that we will look seriously at trade matters with India.

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