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In 2016, articles by Forbes and Reuters declared Pakistan's economy to be on track to becoming an emerging market in Asia, and affirmed that Pakistan's expanding middle class is key to the country's economic prospects. [62] [63] On 7 November 2016, Bloomberg News also claimed that "Pakistan is on the verge of an investment-led growth cycle."
Pakistan Vision 2025 is a set of goals for social, economic, security, and governance developments outlined by the government of the Islamic Republic of Pakistan to be achieved by 2025. The overall goal is for Pakistan to become an upper-middle income country by 2025 and to eventually become one of the top ten economies in the world by 2047 ...
The liberalisation methods raised country's GDP growth at 9.38% (1964), 8.71% (1980s) and 8.97% (2004–07). After exclusive establishment of Pakistan, the country's economic policy for the rapid growth of the national economy was deeply understood and extensive efforts were carried out by the government of Prime minister Liaquat Ali Khan in 1947. [2]
Although Pakistan didn't officially launch a First Five-Year Plan, it embarked on various development initiatives during this period. The key focus areas included agriculture, industries, and infrastructure development. At the time of partition of British India by the United Kingdom, Pakistan was a relatively under-developed country. [6]
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
The Seventh Five-Year Plans for National Economy of Pakistan, otherwise known as Seventh Plan, [1] were a set of a highly centralized and planned economic development targets designed for the improvement of the standard of living, and overall strengthening of gross domestic product (GDP) growth in Pakistan, between the period of 1988 until its termination in 1993.
President of Muslim League (Pakistan) (1948 – 1950) [1] Governor of East Pakistan (April 1953 – May 1954) [1] Ambassador of Pakistan to Indonesia and the Philippines (1954) [1] In 1961, he published his memoirs entitled Pathway to Pakistan. The Urdu version of the autobiography came out in 1967. It is entitled Shahrahay Pakistan.
In East-Pakistan, the urban proportion was low as 4.0% as compared to 18.1% in West-Pakistan, although the urbanization had been increased at an accelerated level. [3] In 1955, Prime minister Muhammad Ali Bogra again revived the plan and published in 1956. [ 4 ]