[mks_button size=”medium” title=”By: Maham Fatiama” style=”squared” url=”#” target=”_self” bg_color=”#1e73be” txt_color=”#FFFFFF” icon=”” icon_type=”” nofollow=”1″]
The industrial sector of the country contributes to 20 percent of GDP. In 2018 it recorded a growth of 5.80% as compared to the growth of 5.43% last year
Pakistan is facing a financial crisis since its independence in 1947. There are many reasons but political crisis has always been a major one.
Currently, we are facing trade deficit and that is because of wrong financial policies of the past governments. That is also because certain experiments were done with the economy in the past which didn’t prove fruitful. For example, before 1970s Pakistan’s private sector was booming and companies were making profit hence making jobs vacancies. But, during the regime of Zulfiqar Ali Bhutto, Pakistani companies were nationalized and they came under the direct control of the government of Pakistan. Therefore many of the companies and businessmen shifted to other lands in the search of a level playing field.