Economic System of Pakistan

An overview of Pakistans Economy. A bloody struggle of Muslims of south Asia under the leaders of Quaid e Azam Muhammad Ali Jinnah, culminated Pakistan on 14th August 1947. She started her journey as a sylvan without many resources, no machinery, no industry, not much educated middle class, a huge paradox of refugees and a neighbor always waiting for the kill.   In 63 years Pakistan has come a long way, she is now twenty-seventh biggest economy of the world and the only nuclear power in the Muslim world. Pakistan came into being after the division of the sub real; she consists of the western part of subcontinent. It has a 1,046-kilometre (650 mi) coastline along the Arabian ocean and Gulf of Oman in the south, is bordered by Afghanistan and Iran in the west, and India in the east and China in the far northeast. Tajikistan also lies rattling close to Pakistan but is separated by the narrow Wakhan Corridor. Thus, it occupies a crossroads position between South Asia, Central Asia and the mettle East. By having Arabian Sea in south, she enjoys a outstanding strategic location especially when seen as a flip route to Afghanistan, central Asian countries, Russia and China. Pakistan has the gift of immense mineral resources, favorable climate through out the year and a fertile land for agriculture.

Hence it has all the ingredients which are the prerequisites of a strong economy. The building of Pakistans Economy consists of 3 important pillars; these are Services, Industry and floriculture. Pakistan is said to be an Agricultural country as above 21% of the total contribution in income come from agriculture, in addition it is the main source of defenseless material for the industries, especially textile and sugar cane industry. Agriculture of Pakistan consists of 4 main components they are crops, forestry, live stock and fisheries.   study crops of Pakistan are Cotton, Sugarcane, Rice, Wheat, Maize and Pulses. Cotton being a non fare cash crop contributes significantly in foreign exchange... If you desire to get a full essay, order it on our website: Orderessay

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