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Equal treatment to all, no to tax-evaders, network of industries in cities as well as in rural areas, control on population-explosion, strict Law and Order, decrease in stat-expenditures, proper accountability, end to favourtism & nepotism and equal employment opportunities can boost the economy of Pakistan.
Aleem Abbasi
Tando Muhammad Khan..
Wiki User
∙ 11y ago
Felipe Silva Rodrigu...
Usando os recursos naturais em Prol dos mais necessitados
Wiki User
∙ 14y agoEradicate corruption. Eradicate extremist groups.
Transparency, safety and equality of freedom are necessary for the stability and consistency required to overcome poverty.
Luke Smith
You move to America.
EwNoThatsNotCool
Trade your body for coin
Anonymous
Well it's a long answer and complicated process.
1. Pak government should stop wasting resources in terror and military activities mostly aimed against India. By economically aligning to India Pakistan can gain a lot. Pakistan warfare efforts drains its resources.
2. Stop persecution of minority and marginalization of women. A great part of workforce and entrepreneurs are lost due to the religious extremism and backward social customs.
3. Improve labor standards and wage laws. Labor in pakistan is treated badly and even work like slave workers in the unorganised sector.
4. Lack of support from small scale industries, is another reason pakistan economy is bad. Government should provide subsidy, microfinance and tax incentives for these small business to grow.
5. Institutional and overall system fixing. Pakistan has a lot corruption and problem of nepotism. Also weak laws allow the siphoning of black economy into foreign banks and tax heavens. All these tax evasion loops need to be fixed as soon as possible.
6. Strict laws against those involved in business frauds and other malpractices. Better business laws and business environment will allow foreign direct investment.
Just mentioned few points, Pakistan has to fix a lot of issues, regarding society, culture, politics and administration if they want their country to improve economically.
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Does Pakistan have a good economy?
The mixed economy is the name given to the economy of Pakistan. The economy of Pakistan is the 44th largest in the world in terms of the nominal GDP and the 26th largest in terms of the purchasing power parity.
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 worldPakistan 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.
How does the flourishing economy of Saudi Arabia indirectly help the economy of Pakistan?
Remittances, primarily. If the Saudi economy does well, Pakistanis will immigrate to Saudi Arabia in order to perform low level menial work for better wages than they would make in Pakistan. They then send money back to their relatives in Pakistan as remittances, which provide additional cash flow into Pakistan.
Which type of economy provides the least incentive for companies and workers to improve?
command economy
What is the core economic problem?
the core economics problem with economy of pakistan
How do you improve industrialization in Pakistan's economy?
Get rid of Corruption
How can marine fishing methods in Pakistan be improved?
Pakistan can improve it's marine fishing methods by putting more budget of the total economy of pakistan to spend it in fishing. Modern methods should be encouraged.
Does Pakistan have a good economy?
The mixed economy is the name given to the economy of Pakistan. The economy of Pakistan is the 44th largest in the world in terms of the nominal GDP and the 26th largest in terms of the purchasing power parity.
How can you improve the soft image of Pakistan?
how can we improve the soft image of pakistan
What was the overall goal of the four Modernization's?
improve the economy
What department contributes more income in Pakistan Economy?
textile industry is the backbone of Pakistan economy
What are the factors effecting improve your economy?
There are several factors that can improve the economy. The biggest factor that can improve and economy is a low unemployment factor. When unemployment is falling the economy usually improves.
What is the impact of corruption on Pakistan's economy?
If there is corruption people'll not pay tex 'caz of which economy of Pakistan will certainly go towards decline......
What is the role of Managerial economics in the economy of Pakistan?
what is the role of managerial economics in Pakistan
What is the best way to improve Libya's economy?
The best way to improve Libya's economy is to destroy the capitalism.
How deforestation affecting on the economy of Pakistan?
for the facilities of people and sprawling growth of cities has converted forest areas into residential colonies
What will be the futuristic outlook of Pakistan?
US economy
