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Economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1970s. Two wars with India - the Second Kashmir War in 1965 and the separation of Bangladesh from Pakistan also adversely affected economic growth. [35]
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
The Five-Year Plans for the National Economy of Pakistan (Urdu: اقتصادی منصوبہ جاتِ پنج سالہ ، پاکستان) (otherwise publicly known as Five-Year Economic Plans for the National Economy), were the series of nationwide centralised economic plans and targets as part of the economic development initiatives, in the Pakistan. [1]
Poor governance and low productivity per capita in comparison with other low to middle-income developing countries have contributed to a balance of payment crisis, where the country is unable to earn enough foreign exchange to fund the imports that it consumes. [5] Pakistan's economic crisis is the biggest crisis since its independence. [6] [7]
Efforts to enhance education and literacy rates were evident as adult literacy stood at 55% in 2007–08. Nevertheless, challenges persisted, and economic crises hit Pakistan in 2008, primarily influenced by the 2007–2008 financial crisis. Despite these adversities, economic growth in 2009–2010 reached a respectable 4.1%, with positive ...
Statesmen of the early decades of Pakistan, with Pakistan’s founding father and future Governor-General, Muhammad Ali Jinnah in the centre of the bottom row. Three future Prime ministers can also be seen with Khawaja Nazimuddin to Jinnah’s left, I.I. Chundrigar on the rightmost of the middle row, and Liaquat Ali Khan on Chundrigar’s left.
The total GDP per capita stood between 8.4% (in the 1970s) and 8.3% (in 1993–96), periods of nationalisation.. The nationalisation process in Pakistan [1] (or historically simply regarded as the "Nationalisation in Pakistan") was a policy measure programme in the economic history of Pakistan that negatively impacted the country's industrialization and undermined the trust of businessmen and ...
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, [1] or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.