Economic elucidation: A recent forgetfulness of Pakistan

It becomes apparent after the study of economic situation ofPakistan over decades that it is not precedence of any government to do a little for the stabilization of economy. This malfunction may refer to inexpertness as well as ignorance and “enjoy your term” policy. No one is here to think a solid and long term policy about economic affairs like capital market, foreign trade, domestic market, foreign investment etc. A report says that 120 million dollars get out from Pakistan’s capital market. So 2012 doesn’t bring any good news for Pakistan. According to the statics of state bank of Pakistan American investors bring their investment out from Pakistan’s capital market UK Sweden Korea Japan shows there discontent also. It may because of law and order situation but if this, then who is responsible for? This state of affairs brings a worse impact on aggregate investment which leads to unemployment and upshot will be shrink in consumption power of households. Households which are actually demanders of domestic goods suffer and aggregate demand will fall and eventually domestic industry enjoys a big anxiety. In all over the world countries tried to catch the attention of foreign investors to enhance their employment rate but here condition is vice versa, on hand investors are departure from our country because of our carelessness. Trade minster shows his success as  75 Pakistani products are declared duty free for European countries but on the other hand exporters doesn’t showing their seriousness and don’t work on the enquires of trade development authority consequently economy faces a huge burden. An immense amount of national resources consume on trade expos which are arranged in country and abroad as well, but due to inefficiency of coordination these resources bring no earnings for Pakistani trade. Now it is considered necessary to diagnose the grounds of this dilemma and deal with it appropriately and soon, as it is not only the issue of trade but of the national trust in international market also.economic situation of pakistan