allies funneled about US 57 billion to the Afghan Mujahedins through Pakistan, providing further boost to the local economy. The poverty expenditure rate statistically dropped.517.2 in 2008 as part of the privatization programme. In current circumstances, it has become a highly political debate as even the prime ministers of the country are accused. Retrieved "Dar's 2013 budget speech the highs and the very low lows".
Therefore, it is prime duty of every individual, the society, and the state to uphold the constructive norms in order to get honor in the community of nations. 36 Calculation performed by the Pakistan Institute of Development Economics, it pointed out that the "nation's currency in circulation as a percentage of total deposits is 31, which is very high as compared to India where.0 of the population fell under the line. M, (December 31, 1969). 10 During the period, 17801860, India changed from being an exporter of processed goods for which it received payment in bullion, to being an exporter of raw materials and a buyer of manufactured goods. And China, which Pakistan is now etymological dictionary family christian names essay their derivation stuck in Farrukh Saleem said. Heavy subsidy on oil effected current expenditure, increased in development expenditure. China factor: Cheaper Chinese products destroyed our industry thus created unemployment, more burdens on economy. Ø, soaring oil prices due to increased demand from growing economics of China and India, Iraq crisis, Iran holding its oil export, devaluation of Dollar after Iraq invasion and limited supply by opec, refusal of Saudi Arabia to enhance its oil supply. 63 64 References edit "Is Pakistan's economy in recession?".