Pakistan Economy

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Slide 1 PAKISTAN ECONOMYPrepared By:JAHANZEB MEMONPresented By:Arshad Ali Panhwar, Sajid Ali Soomro, Fayaz Suhag, Ayaz Ahmed Lund & Jahanzeb MemonPresented To:Sir Abdul Manan Arslan ShaikhFinancial District of KarachiEconomy was on Auto PilotARSHAD ALI PANHWARcontent Concept Of Economy and its typesEconomics System of the WorldCapitalismPlaned EconomyCommunismSocialism Mixed EconomyEconomics is the study of How a society uses scarce resources to produce and distribute goods and servicesEconomicsAn economic system is the method used by a society to produce and distribute goods and services by utilizing factors of production.Economic SystemEconomic System of the WorldFree Market or CapitalismPlanned EconomiesCommunismSocialism Mixed Economies An economic system based on competition in the marketplace and private ownership of the factors of production; also known as the private enterprise system.Examples of Capitalism: USA, Singapore etc.Capitalism/ Free Market (Market Economy)SocialismAn economic system in which the factors of production are owned and operated either by the government itself or by the private sector under strong government control. It is called as planned or command economy.Ex. China, New Zealand, CanadaCommunism All the factors of production and enterprises concerned with the production and distribution of goods and services, is owned and operated by the government and whole national income is taken and distributed by the government according to ability and need of individuals.Karl Marx is the founder of Communism philosophy.Example: Russia.Mixed Economies Economies that combine several systems; for example, an economy where the government owns certain industries but others are owned by the private sector. Examples: France, UK, PakistanSAJID ALI SOOMROcontent Mixed Economy Of PakistanEconomic Resources of Pakistan1. MINERAL RESOURCES2. WATER RESOURCES3. Agricultural Resource4. Industrial DevelopmentMixed Economy Of PakistanPakistan has a developing mixed economy based largely on agriculture, light industries, and services.The Government has placed special emphasis on the liberalization and privatization of the economy since 1990. The Gross National Product (GNP) is increasing more rapidly than the population, but the GNP per capita is among the lowest in Asia, but the highest in South Asia.Economic Resources of PakistanMINERAL RESOURCES:Coal is also named as black gold is found into huge quantities in Thar, Quetta and other sites. Thar reserves are estimated 850 Trillion Cubic Feet.There is enough coal in Pakistan in Thar area. That it can be used for power generation for next 100 years without relying on other i.e. hydro / oil resources. Pakistan recently discovered one low and four low-to-medium quality coal seams in the Punjab. Thar CoalNatural GasThe Sui gas field is the largest, accounting for 26% of Pakistans gas production. Gas deposits of Sui discovered in 1953.Daily production is 19 million cubic meters a day. Under the barren mountains of Balochistan and the sands of Sindh, there are untouched oil and gas reserves.Major users of natural gas areas are Karachi, Lahore, Faisalabad, Multan, Rawalpindi and Islamabad. WATER RESOURCESFishing Industry:The fishing industry plays a role in the national economy of Pakistan. The coastline is 814km and fishery resources still have room to grow. Fishing in Pakistan is a major source of export earnings.About 28% of Pakistans total land area is under cultivation. The most important crops are cotton, wheat, rice, sugarcane, maize, pulses, fruits and vegetables, which together account for more than 75% of the value of total crop output. Agricultural Resource 23Industrial Development Development of agriculture sector means the development of industrial sector. Power and energy resources like oil and gas etc. are like primary requirement of industrial development. Iron and steel resources are helpful to develop the industrial sector. Furniture and fishing industries are mainly depend upon natural resources.Population182,490,721 6th Population Bellow Poverty Line14% (2013)Labor Force 59.21 million (2012)Labor Force onAgriculture 45.1%Industry 20.7%Services 34.2% (2010)Unemployment 6.2%(2012)Knowledge About PakistanFAYAZ SUHAGcontent Gross Domestic Product (GDP)Economy Of PakistanPakistan GDP RankingGDP Graph GPD ConsumptionGross Domestic Product (GDP)The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. Pakistan Economy Business Rank107th (2013)GDP (PPP) Rank 27th $514.559 billion (2012)Per Capita$2,960GDP (Nominal) Rank 44th$230.525 billion (2012)Per Capita$1,410Currency1 Pakistani Rupee (PKR)Fiscal Year1 July 30 JuneNominal GDP is without adjust Inflations of country.PPP GDP is adjust and relative with two or more then two currencies.33Pakistan GDPYearGross Domestic ProductUS Dollar ExchangeInflation Index (2000=100)19601004.76 .Rs1980283,4609.97 .Rs211985569,11416.28 .Rs3019901,029,09321.41 .Rs4119952,268,46130.62 .Rs6820003,826,11151.64 .Rs10020056,581,10360.40 .Rs126201080 Rs201310379262106.9Real Gdp Inflation RateYearPercentage20011.9%20023.2%20034.9%20047.4%20057.7%20066.1%20075.6%20083.7%20091.7%20103.8%20112.4%20123.7%20134.8%YearPercentageAug-2013Sep-2013Oct- 20138.557.399.08Pakistan Growth Domestic Product (GDP)1960-2013GDP Composition By Use End Household Consumption:87.3%Government Consumption:8.3%Investment in Fixed Capital:10.9%Investment in Inventories:1.6%Exports of Goods and Services:12.5%Imports of Goods and Services: -20.6%(2012)120.6 20.6100%AYAZ AHMED LUNDcontent Gross National Product GNP ValueMoney IndexFederal Budget 2013-14Gross National Product (GNP)GNP is a measure of a country's economic performance, or what its citizens produced (i.e. goods and services) and whether they produced these items within its borders.Gross National Product (GNP)543.6 Billion PPP Dollars (2012)11.1% Of GDP (2012)Money Index UnitValue1 Hundred1001 Thousand100010 Thousand100001 Lakh1000001 Million10000001 Crore10000000100 Million1000000001 Billion100000000010 Billion10000000000100 Billion1000000000001 Trillion1000000000000Zeros23456789101112Federal Budget 2013-143.5 Trillion = 3500000000000 PKR 35$32740879326.47334 Us Dollar Deficit 2013-141.6 trillion = 1600000000000 PKR YearPercentage2008-7.3%2009-5.2%2010-5.9%2011-6.4%2012-6.7%JAHANZEB MEMONcontent Challenges To Pakistans EconomyEconomic Problems Of PakistanTypes Of TradeExternal TradeGovernmentDictatorship In PakistanEducationPovertyCorruptionChild LaborChallenges to Pakistans EconomyWe Consume More and Save LessWe Import More and Export LessGovernment Spends More than it Earns as RevenuesOur Share in the World Trade is ShrinkingWe Badly Lag in Social IndicatorsWe Face Energy and Water ShortagesCost of Doing Business is HighCrisis of Governance and Implementation WeaknessesUncertainty and Unpredictability due to Lack of ContinuityPolitical Stability, Law and Order/SecurityECONOMIC PROBLEMS OF PAKISTAN:Poor Utilization Of ResourcesUnequal Distribution Of WealthPoor Monetary PolicyPoor Fiscal PolicyCorruptionPovertyUnstable GovernmentHoardingMoney LaunderingShortage Of Skilled WorkersWastage Of Economic Resources By Terrorism ActivitiesHoarding Laundering 47Types Of TradeInternal TradeExternal TradeWholesale TradeRetail TradeExternal TradeExports$29.66 BillionPakistan Exports GoodsTextilesRiceLeather GoodsSports GoodsGarmentsChemicalsManufacturesCarpetsBed LinenSteelFood StuffsFertilizerCottonAnimalElectrical Rug ClothSugarCementPetroleumYarnEquipmentMain Export Partners13.3% 10.9%8.6% 8.5%USAChinaUAEAfganIronPetroleum ProductMachineryPlasticsEdible OilPaper PaperboardTea Steel Transportation Equipment MAIN IMPORT PARTNERS19.8% 12% 11.9% 6.2%Imports $33 Billion (2013) ChinaUAESaudi ArabKuwaitPAKISTAN IMPORTS GOODSPakistan Facing Problems Government(Unstable) Military Dictatorship declared 12 October 1999 Parliament disbandedConstitution suspendedInternational lending community dont support dictatorshipFormerly a federal republic, Pakistan's now military controlled dictatorship is a large part of the problem.DICTATORSHIP IN PAKISTAN Terrorism In PakistanAt present the gravest problem that Pakistan is facing is terrorism. It has become a headache for federation and a nightmare for public. Though, it is a global issue but Pakistan has to bear the brunt of it. Pakistans involvement in the War on Terror has further fuelled the fire. We are facing war like situation against the terrorists. PLAYERSCIVILIANSPOLITICIANSMILITANTSMEDIAEXTERNAL FORCESRESOLUTIONPEACE ACTAWARENESSHONESTYSECURITYPROPER ADMINISTRATIONCITIZENS RIGHTSEducationEducation Most Powerful Weapon Which Can Change The World.Live as if you were to die tomorrow. Learn as if you were to live forever.You educate a man; you educate a man. You educate a woman; you educate a generation.Intelligence plus character-that is the goal of true education.EDUCATION IN PAKISTAN57% Is PAKISTAN literateLimits Opportunities Of WomenWomen Don't Enter WorkforcePoorly Educated About Family PlanningNo Control Of PopulationLow Literacy Rates With High Population GrowthSome Quotations59 POVERTY Uneducated population unattractive to foreign business Difficult to recruit foreign businesses.No foreign investment, Pakistan remains poor.Without foreign investment, Pakistan lacks the resources to bring about positive economic development. Without positive economic development, Pakistan is unable to attract foreign investors.POVERTYCorruptionCorruption is another huge social problem. According to latest report of Transparency International, Pakistan has been ranked at 42nd number among the most corrupt nations of the world.Child laborChild labor is widespread in Pakistan. Whether in bigger cities or in small villages, we find innocent malnourished children employed in various forms of labor. They are working as welders, mechanics, plumbers, electricians and in industries like carpet-weaving, glass and football making. Meager wages are paid to these children and no facilities for education are provided.Media and NGOs have always condemned child labor. In past, some countries refused to import those goods from Pakistan in whose making children were employed. But despite all these factors, due to growing inflation and poverty, parents are bound to send their children to work to light their stoves.THANKS