Pakistan is the country where more than half population is living below the poverty line. Pakistan’s economy is facing its adverse condition due to lot of reasons. The reasons for decline are overpopulation, terrorism, bad governance and low literacy level. Other problems include the neglected attitude of world powers towards our state. There is the lack of systematized infrastructure within the country.
In this situation government, opposition, establishment is on one page and almost 90% population is on the other page
If we look at the overpopulation then we will come to know that we have bundle of people with few resources. Few years earlier, the population was very huge. Government put some attention on the issue and now the population is under control. the over population has lot of disadvantages like low literacy, lack of employment, no better facilities for food and shelter and adverse health facilities.
Everyone expects the ruling Pakistan Tehreek-e-Insaf to complete its term, ending in 2023, with the military’s tacit support. Nevertheless, risks to political stability will remain high. Relations with India will remain strained. Government efforts to stabilize external and fiscal imbalances, combined with economic effects of the Covid-19 outbreak, will have a dampening effect on growth. We forecast real GDP growth of 3.2% in fiscal year 2021/22
Our country has faced the worst condition of terrorism. Because of this war against terrorism, we have seen the continuous bloodshed and the refugees with bad condition. The problem is the presence of millions of people with no home, food and health. Moreover, world investors are not investing anything in this insecure country. Pakistan was the world market for investors and economists like India. But now the businessmen are unable to invest in this country because of continuous terrorist’s activities. There is the condition of law and order in the state especially in northern areas and Sindh. There are events of kidnapping, bank looting and bomb blasts.
Bad governance is still the major issue within the state. Our leaders have bank accounts in foreign countries. They have invested in other countries. The own the companies and have shares in such highly developed states. This is the kind of insincerity towards the nation. Moreover our political leaders have unbalanced attitude towards the state. Few regions are highly developed with all facilities while few are highly neglected regions. This is creating anarchy and impatience within state. Our leaders must be patriotic for all the country.
There is still the need of pure democracy within the state. Although, the country is moving towards democracy slowly, But still there must be no interference of Military towards the political matters. We should be confident of leaders selected by nation.
There is need of empowerment of more women to get the best economy. Women are more than the men. There is only 1 person feeding the whole family. Some are kids, some are senior citizens, some are ladies, then who has to earn. 1 person can’t feed the whole family. So there must be the participation of young ladies within the flow of state. So that country can have more manpower and creative minds. If we teach a man, he can teach himself, but if teach the women, she will groom the whole family. This is the difference.
Although, the terrorism and population are under control to some extent as of date. But there is the need of good leaders to develop the best infrastructure and system for the people. The system with best law and order, with division of classes in society like upper class, middle class and lower class. There must be one class within the state.
We have natural resources in the form of land, manpower, water, oil and minerals. Problem is the best utilization of the resources. We have huge rivers with water, we face worst flood every year. But we can’t make the dams to produce cheap electricity. We waste the water into the sea. Moreover, we have natural resources in the form of oil and coal. But there is no one to flourish these natural resources. We have to utilize the resources at our best level.
The month of September 2021 saw a new round of increased prices of consumer items as inflation edged up to 9% from 8.4% in August, data released by the Pakistan Bureau of Statistics (PBS) showed it on October 1.
The food group saw a price increase of 10.21% in September from the same month a year ago. Within the food group, prices of non-perishable food items surged by 13.84% on an annualized basis meanwhile the prices of the perishable goods were effectively reduced by 8.3%. The inflation rate for the housing, water, electricity, gas, and fuel group — having one-fourth weight in the basket — rose to 9.74% last month.
Average prices for the clothing and footwear group increased by 9.19% in September. Prices related to transportation surged by 9.11%.
On a month-on-month basis, the price of chicken skyrocketed 42.04%, followed by a 15.7% surge in pulse masoor, 14.43% increase in eggs, nearly 10% wheat, according to the PBS. The prices of vegetables, cooking oil, and sugar recorded an increase of 3.95%, 3.64%, and 3.04% last month.
Meanwhile, electricity charges surged by 11.4% during the period under review.
The average inflation rate for July-September of the current fiscal year came in at 8.58%, according to the PBS.
So how this can be changed not by changing ministers. Bringing people from IMF to control the economy is not a solution. Nobody in the government or in opposition or in establishment can bring positive changes. So we are moving towards anarchy where effectees would be on the road like French revolution. Hencerapid increases in prices are pushing Pakistan towards another French revolution.
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