Economy of Pakistan: Issues and Potential

Introduction:
The Pakistan economy is quite complex and diversified in system yet faces various problems each year. Even after all these obstacles, the country still holds onto hope to grow and become stable. Therefore, knowledge of such basic aspects, which have formed Pakistan's economic map, is very significant for the government and citizens.

Present-day Economic Scenario:
The Pakistan economy is a mix of agriculture, industry, and services[43dcd9a7-70db-4a1f-b0ae-981daa162054]

Agriculture is the largest sector that accounts for one-fifth of the country’s output and employs two-fifths of the population[43dcd9a7-70db-4a1f-b0ae-981daa162054]

However, since this economy is not diversified at the export level, mainly since more than half of export earnings are from textiles and apparel, the economy of Pakistan is vulnerable to world market fluctuations[43dcd9a7-70db-4a1f-b0ae-981daa162054/economy_overview.html?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").

New Developments
Economic issues are recent phenomena Pakistan has confronted many issues. These included fiscal imbalances, current account disequilibria, and inflationary pressures 2[43dcd9a7-70db-4a1f-b0ae-981daa162054]