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Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 January 2025 Pakistan inflation rate was 4.1% lowest in 6.75 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
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 ...
Pakistaniaat: A Journal of Pakistan Studies (Urdu: پاکستانیات) is a peer-reviewed open access academic journal established in 2009, which covers research on Pakistan studies. [1] It is published triannually by the English Department of the University of North Texas [ 2 ] and is also sponsored by the American Institute of Pakistan ...
Constant economic pressure and failure of the planned economy led the dismissal from power of Benazir Bhutto in 1996 when she failed to materialize her and the relatively poor economic growth. By the 1996, the economic GDP growth had reached to 1.70% [13] (lowest growth since 1970) and the rate of inflation had risen to 10.79% (highest since 1991).
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
A study conducted by Ikram-ul-Haq of King Saud bin Abdulaziz University for Health Sciences to "explore the progress of social science research carried out by Pakistan", which was based on the "data retrieved from the Scopus database" and was concluded in November 2020, suggested that the journal had been one of the most "preferred source of publications" on the subject in Pakistan.
The majority of Pakistan's industrial sectors, for example fishing and agriculture, which account for more than one-fourth of the output and two-fifths of employment in Pakistan, are highly dependent on the country's natural resources. Hence, in order to sustain economic growth there is a high demand on already scarce natural resources.
Pakistan has extensive energy resources, including fairly sizable natural gas reserves, some proven oil reserves, coal (Pakistan has the largest coal reserves in the world [21]), and a large hydropower potential. However, the exploitation of energy resources has been slow due to a shortage of capital and domestic political constraints.