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English Essay

Economy of Pakistan – Challenges and Prospects (CSS Essay)

1. Introduction

Pakistan today, confronts multiple challenges which vary in intensity. Some of the challenges appear to be multi-dimensional and complex in nature which certainly will take many years to overcome. Interestingly, a few of the problems and challenges have been self-inflicted by the powerhouses that have caused a widespread socio-economic damage to this country. This way, the poor economy of Pakistan remains the chieftain among the challenges since the country’s birth. The weak and fragile structure and the picture of the economy of Pakistan are what inevitably produce other inter-linked social challenges, such as poverty and corruption.

One gets to know that ever-rising inflation, increasing unemployment, shrinking GDP and diminishing exports level are the major obstacles which restrict the ability of Pakistan to have a well-developed and flourishing economy. According to the Economic Survey of Pakistan 2016-17, the inflation rate in Pakistan grew to 5.02% from 4.78%; GDP growth rate went up to 4.71% from 4.04%; unemployment rate declined to 5.9% from 6%; interest rate is 5.75% which remains the same. Although the economic indicators are, by the large, not appreciable but a slight increase in GDP seems to be the positive development.

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Articles Pakistani Newspapers

Imran Khan’s difficult road ahead as Pakistan PM (Report by: AFP)

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Pakistan’s World Cup cricket hero Imran Khan is set to become prime minister of the nuclear-armed nation of 207 million, with an economy inching toward crisis and perennial conflict on its borders.

Running the country will take considerable statecraft from Khan’s relatively inexperienced party. He brings charisma, international name recognition and a sizeable election victory, though not enough to form a majority government.

But critics say his star is diminished by sympathy towards extremists, and the unsportsmanlike nature of his win, which is widely alleged to have been fixed for him by Pakistan’s generals. His first challenge is cobbling together a coalition.

Here is a rundown of the issues Khan and his PakistanTehreek-e-Insaf (PTI) party will face once at the political crease.

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Essays Outlines

Essay Outline: Economic Challenges Faced by Pakistan

Essay Outline: Economic Challenges Faced by Pakistan

It is an open secret that writing standard English and grammatical accuracy play a vital role in success in essay writing for CSS Exam. You should know the art of literary and scholarly writing. It needs a long discussion to expatiate about improving written English but let me give you some rudimentary tips. A basic attribute which is to learn idiomatic usage in writing an essay should be developed. For earning grammatical accuracy in your writing, study English grammar thoroughly (not cursorily) to learn the correct usage of grammatical units i.e. verbs, adverbs, adjective, coordination, subordination, subject-verb agreement, phrasal verbs etc.

Essay Outline: Economic Challenges Faced by Pakistan

Outline

  • Maximum Size 2.5 Pages
  • Minimum Size 1.5 Pages

Your outline should be strictly adhered to the topic so that if one reads your Outline without knowing the topic he should reach the topic himself. This is the mirror test of a good outline.

You can use Headings and Sub Headings but keep it in mind make it as lengthy as manageable within time. Too long outline will require time for expansion and closure. You can trim you essay outline if it is too lengthy. But is should not be too short as well.

Your Outline has an effect on the examiner about you.

Essay Outline: Economic Challenges Faced by Pakistan

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Essay Outline: Economic Challenges Faced by Pakistan

1. Introduction:

2. Brief History about economy of Pakistan:

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3. Challenges faced by Pakistan:

  • We Consume More and Save Less
  • We Import More and Export Less.
  • Government spends more than it earns as Revenues
  • Inflation
  • Low Tax to GDP ratio
  • Devaluation of money
  • Trade deficit and balance of payment issue.
  • Our Share in the World Trade is Shrinking
  • Poor health and educational facilities
  • Political instability
  • Immature media
  • External debt, caught in foreign cloches.
  • Mismanagement and underutilization of natural resources
  • Energy crisis
  • Low FDI
  • Incompetent judiciary
  • Corruption
  • Low capital formation
  • Population pressure
  • Agrarian economy
  • Inconsistent policies
  • Untrained Labor force

Essay Outline: Economic Challenges Faced by Pakistan

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4. Causes of economic turmoil:

  • Mismanagement
  • Wealth Concentration
  • Lack of good governance
  • External debt
  • Public issues unresolved.
  • Poor law and order situation.
  • Population pressure
  • Trade deficit

Essay Outline: Economic Challenges Faced by Pakistan

5. Remedial measures:

  • Exploration of new markets
  • Industrialization
  • Tight monetary policy
  • Investor’s friendly policies
  • Regional peace
  • Improved law and order
  • Good governance:

6. Conclusion:

Essay Outline: Economic Challenges Faced by Pakistan


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