Pakistan: An Emerging Economy
Outline:1. Introduction.
2. Latest facts and figures.
3. Increasing per capita income.
4. China-Pakistan agreement.
5. Conclusion.
Pakistan has been suffering worst kind of terrorism and extremism for decades. In the war against terrorism, Pakistan has suffered loss of fifty thousand precious lives including the loss of almost $80 billion in terms of economy.
Government of Pakistan started massive operations against all anti-state elements last year instead of small ongoing operations. In the one year of large-scale operations, most of the terrorist were killed or caught by security forces. In the effect of progressive military operations, incidents of terrorism sharply decreased which also has been admitted by a recent US state department report. In this year, Pakistani people enjoyed first military parade after its closure of several years. It was observed that military parade with its full roar was a clear sign of victory against war on terror.
In the outcome of successful operations against terrorists', country got and getting its economical boom again. £JBurprisingly, the economical indicators of Pakistan sharply increased and it could be observed in all national and international reports.
According to the agreements, China will also help Pakistan in building its infrastructure, especially in energy sector. The corridor will connect China to Arabian Sea through Gawadar Port. In further extension, this route will lead to connect Central Asian States through Afghanistan with Gawadar Port. After the completion of this project, Pakistan's International trade would be dramatically increased and through International seaport (Gawadar) government could get huge money in terms of revenue.
Due to the poor management of previous governments, Pakistan has been facing worst kind of energy shortfall from last many years. This issue badly effect overall growth of the country. Current government has put the issue on high ground and with the help of China and other countries, a number of massive energy project are under construction. Hopefully in next three years, the shortfall could be defeated. It is interesting that despite the worst kind of energy shortfall, the industries are still showing growth and its obvious that once this crucial shortfall of energy solved the overall growth rate of the country would be increased with more high-speed.
The growth rate of Pakistan is still low but it is increasing day by day. It is rarely seen that a country which was badly affected by terrorism and facing severe problems, but after all these issues, it shows growth and in such level like Pakistan showing nowadays.
The war on terror, extremism and terrorism badly destructed all walks of life in Pakistan. The country is facing huge problems like poverty, low literacy level, weak justice system, etc. But if we go through last one year development, we find rapid positive changes and improvements in all sectors of the country which is very much hopeful.
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