What is the economic system of Pakistan?

Answer 1

It is know officially as an Islamic economic system which combines some elements of a capitalist system (opening for private enterprise) with a socialist one in which still there is a strict control of the government in important economic sectors.

Answer 2

Pakistan has one of the most fragile economies in the world. Pakistan heavily depends on agriculture for survival but a bad crop in a single year can upset the balance for many years to come. Also, Paksitan's economy is poorly managed due to corruption and nepotism. Thus pakistan's foreign debt has increased. About 20 % of the population lives below the poverty line.

Answer 3

I think they have a dictator or a representative democracy.

Answer 4

mixed economic system has been followed in Pakistan

Answer 5

now a days in Pakistan the mixed economic system is used. that is some sectors are working under socialism, some are capitalism and Islamic economic system as well.

Answer 6

Mixed economic system is used in pakistan.

Mixed economy is a economy in which some area of production is under the Govt. and in some sectors Market economy accopies.