What is current economic condition of Pakistan?
- The economy of Pakistan is the 47th largest in the world in nominal terms and 27th largest in the world
- Pakistan has a semi-industrialized economy which mainly encompasses textiles, chemicals, food processing, agriculture and other industries.
- The economy of Pakistan is suffering with high inflation rates well above 26%.
- Due to inflation and economic crisis worldwide, Pakistan's economy reached a state of Balance of Payment crisis.
This subject teaches us nothing but the history and current political condition of Pakistan. Major part of this subject is comprised of the history of the country that's why its helpful for the students to develop their understanding about the background and the factors which lead to the creation of Pakistan.
1962 constitution of Pakistan failed because of : 1. Lack of Leadership 2. Misuse of powers by president 3. 1965 War 4. Economics Conditions of country 5. People were demanding early elections 6. General Strikes General Strikes badly effected the economy of Pakistan. This is also one of the cause of the failure of 1962 constitution. 7. Greed of power. There was a great greed of power of president.This is also one of the cause…