research articles on pakistan economy

The estimated lower-middle income poverty rate is 40.1 percent (US$3.65/day 2017 PPP) for the year 2023-24, virtually the same as the poverty rate in 2018, but with 7 million more Pakistanis living below the poverty line. Pakistan experienced heavy monsoon rains in 2022 leading to catastrophic and unprecedented flooding with enormous human and ...

Source: LSEG. The most painful manifestation of Pakistan's economic crisis has been inflation, which peaked at 38 per cent last year and remains near 30 per cent. Pakistan's import-dependent ...

The year 2024 could mark 'Pakistan's moment'. This blog is a repost from Dawn, first published on January 3, 2024. Pakistan's economy is now facing one of its worst crises. Poor policy choices combined with a series of shocks—COVID-19, the 2022 catastrophic floods, and adverse global conditions—have caused growth to slow, poverty to ...

Pakistan's economic performance after the package shows an equivocal outcome. GDP grew from 3.5 per cent in 2012 to 5.6 per cent in 2017. ... Dr Karthik Nachiappan is a Research Fellow at the same institute. He can be contacted at [email protected]. The authors bear full responsibility for the facts cited and opinions expressed in this paper.

The October 2021 Pakistan Development Update: Reviving Exports shows that the country's real GDP growth rebounded to 3.5 percent in FY2021, after contracting by 0.5 percent in FY2020 with the onset of the global pandemic. In addition, inflation eased, the fiscal deficit improved to 7.3 percent of GDP, and the current account deficit shrunk to 0.6 percent of GDP - the lowest in a decade.

Pakistan's inflation, which had skyrocketed to 38 percent a year ago in May 2023, has slowed down to 11.8 percent over the past 12 months, as reported by Pakistan's Bureau of Statistics. A ...

Therefore, the answer to the poverty puzzle lies not in the paradigm of growth but instead on the canvas of development. For our research, we include variables that either feature heavily in Pakistan's economy or have changed significantly during our period of interest. They are: democracy, foreign aid and free media.

ISLAMABAD, April 19, 2022—Pakistan's economy enjoyed a strong recovery and grew 5.6 percent in FY21 following measures taken by the Government to mitigate the adverse socio-economic impacts of the COVID-19 pandemic.. According to the World Bank's Pakistan Development Update, released today, while economic activity maintained its momentum during July-December 2021, high demand pressures ...

The volatility behavior of Pakistan economy is divided in four major phases. First was the phase where it is generally agreed that Pakistan had economic progress during the 1960s (Looney 2004). However, at the same time the defense spending throughout the late 1960s slowed the country's economic growth and caused it to stagnate (Looney 1991).

The Pakistan's economy experienced sig-nicant regime changes, during every regime the level of uncertainty changed for the trade eected, and this is the main issue faced to the economy. The volatility behavior of Pakistan economy is divided in four major phases. First was the phase where it is generally agreed that Pakistan had eco-Economic ...

As Pakistan marked its 75th year, it faced several potentially life-threatening crises. Imminent bankruptcy stared the country in the face from April 2022 onwards and continues to haunt prospects of recovery amidst the resumption of an IMF programme. Catastrophic floods inundated a third of Pakistan, displaced 33 million people and caused at ...

The maximum level of economic growth was 0.086 which corresponds to the year 2005, while the minimum level of economic growth was 0.004 which coincides with 2009 when the economy was in a slump. The mean value of financial development changes was 0.0029 with the maximum level observed to be 0.074, while the minimum level was −0.075.

Sultan M. F., Ahmed I., Zafar M. R. (2017). Measuring the impact of China Pakistan economic corridor on the socio-economic aspects of Pakistan: A quantitative research highlighting the public opinion. Journal of Economics and Sustainable Development, 8(23), 46-56.

Center for Middle East Policy. 1. Political instability, polarization, and an election year. Politics will likely consume much of Pakistan's time and attention in 2023, as it did in 2022. The ...

Pakistan was one of the top 10 fastest growing developing countries between 1960 and 1990 recording an annual average growth rate of 6 per cent. The structure of the economy was also transformed during this period with the share of agriculture coming down from 50 per cent to 20 per cent. The subsequent 25 years have, however, brought about a ...

Pakistan's stability increasingly depends on the outcome of an ever-worsening economic crisis. Amid skyrocketing inflation, political conflict between Prime Minister Shehbaz Sharif's government and former Prime Minister Imran Khan, and surging terrorism, the country is facing the risk of a default due to its massive external debt obligations. This burden has been exacerbated by the ...

Notwithstanding, the recent rise in COVID cases, Pakistan has been showing signs of a fragile economic recovery with a gradual resumption of economic dynamism, according to a new World Bank report. Pakistan's economic growth is expected to reach 1.3 percent in FY2021 and strengthen to an average of 2.7 percent for FY2022-23, according to the Pakistan Development Update released today.

Pakistan is essentially running on foreign loans, an economic model that only leads to borrowing more, which eventually results in bankruptcy. Between February 2023 and June 2026, Pakistan will ...

Pakistan, this research work looked at the causes of economic development between 2008 and 2012. The degree of GDP growth has be en utilised as a variable indicator of economic progress.

Pakistan's geo-strategic location provides Beijing alternate routes for oil and gas supplies from the access to the energy-rich Persian Gulf region. In April 2015, Chinese President Xi Jinping visited Pakistan and announced a US $ 46 billion commitment to build a multifaceted network called the China-Pakistan Economic Corridor (the value of CPEC projects is worth the US $ 87 billion as of ...

Abstract - Pakistan is currently facing one of the worst economic crises in its history. A combination of. rising debt levels, persistent trade deficits, political instability, and a la ck of ...

Challenges and way forward" on Wednesday, the 4th of November, 2021. Dr Ashfaque Hasan Khan, veteran economist and academic, contextualized the economic struggles of Pakistan and what m. asures Pakistan must take to steer the economy in the right direction. This report presents the understanding and thoughts of the speaker and useful input by ...

Export Diversification into Non-Traditional Product Segments. This report identifies new export sectors and products within manufacturing that Pakistan could potentially diversify towards in the short to medium term. It also puts forward a set of preliminary policy recommendations that would facilitate the transition.

Pakistan faces severe economic challenges with rising inflation and unemployment, impacting citizens' purchasing power. Despite government claims of reduced inflation, the public struggles with falling incomes and fewer job opportunities. Corruption in public sector units and a lack of developmental projects exacerbate the situation, leading to widespread frustration.

TORONTO (Reuters) - A Pakistani man accused of plotting to attack a New York City Jewish center in support of Islamic State will contest his extradition hearing to the United States, his lawyer ...