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PAK301 GDB Solution & Discussion Spring 2019
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What are the key factors which can play a vital role to improve the economy of Pakistan?
There are following factors which is nessesary for the economy of Pakistan:
1: Pakistan must eradicate corroption because it is badly hurting its economy. Its rank is189 out of 205 countries according to corruption perception idex.
2: Pakistan must also concentrate on providing micro credit facilities to small, medium and household businesses at consessional interest rates, it can do wonders like Gramin Bank Of Mohd. Younis did in Bangladesh.
3: Pakistan needs to give subsides to its farmers in the form of seeds, fertilizers, pesticides etc .move will help the agriculture to flourish.
4: Pakistan must eliminate terrorism because terrors affects investment scenario negatively .No investors wants to put money in turmokal conditions.
PAK301 GDB Solution*
Support your local industry. Government should give relaxation to the local industry and people should prefer products which are made in Pakistan.
Lesser your imports and build those products in Pakistan through our own industry which will eventually boost our local industry as well, Pakistan's economy.
Increase your exports as by increasing exports more wealth can be generated and our economic state will get better. Government should remove unnecessary taxes and make the procedure of exporting simpler. This will result in more people getting in the export business.
Tourism. I think this is the department in which we can make a lot of progress and this can become a useful resource of income and will be providing a lot of job opportunities to our people.
Exterior relationships of our country have to improve if we want to grow our economy. The better relationship we share with other countries the better will be our exports. More economic stability we will have.
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