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Pakistans Background
Pakistan came into being on 14th August 1947. At that time the Economy of Pakistan was very poor. Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual real GDP growth rates were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower growth in the Click to second half of edit Master subtitle style that decade. Industrial-sector growth, including manufacturing, was also above average. In the late 1960s Pakistan was seen as a model of economic development around the world, and there was much praise for its economic progression.
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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 Click for domestic and world markets. productsto edit Master subtitle style Physical infrastructure network has expanded with a vast network of gas, power, roads and highways, ports and telecommunication facilities. Pakistans manufactured exports in the 1960s were higher than those of Malaysia, Thailand, Philippines and Indonesia.
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Cotton Rice Carpets & Rugs Fish Leather & Hides Synthetic Products Petroleum Products Sport Goods Surgical instruments
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West European Countries Middle East Countries Asian Countries North Click to edit Master subtitle style American Countries R.C.D Countries East European Countries South American Countries African Countries
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CONCLUSION
Pakistan today meets most of the essential requirements that the foreign businesses and investors are looking for. Macro-economic stability, deep-rooted structural reforms, high standards of economic governance, outward looking orientation, liberalized trade and investment regime, easy access to policy makers, low production costs, sophisticated financial sector and its location as a regional hub make it a highly attractive country for Click to edit Master subtitle style business and investment.
Investors concerns about security, law and order are being addressed and the situation is improving gradually. Pakistan needs trade not Aid.
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Thank You!!
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