Pakistan is one of those developing countries which are facing through the economic problems which are hindering the success and the growth of the country. There are so many economic problems in Pakistan which are getting threatening and devastating day by day and if they are remained unattended than the conditions might even get to worse.
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Here are few crucial economic problems which are present in Pakistan and with their proper solutions through which these problems can be resolved;
- Energy crisis: Energy crisis is the most important and crucial economic problem which has affected the growth of the state adversely, the load shedding of Electricity, petroleum, CNG and Natural Gas has caused various problems and has resulted in the closure of several and numerous industries which has increased unemployment. The best solution to this problem is to find other alternatives of generating energy which might include solar energy, coal energy and even thermal and wind energy which might reduce the load on these available resources.
- Low export and high Import: a very crucial economic problem is deficit of the budget, which shows that the import in the country is higher than the exports which states that the country is bringing more goods in the country by purchasing them and is selling less goods to the international market. This creates the gap between the import and the export of the country. The best solution to this problem is that to decrease the import and for that purpose they should rely on their own manufactured products and should increase the export so that the deficit should be reduced.
- Lack of Tourism: Pakistan is a country in which there is excessive scenic beauty and in the recent times the tourism industry in Pakistan has contributed immensely in the economy of the state, but due to the natural disasters and the law and order situation of the state, the terrorism has reduced the tourism of the state and that has adversely effected the economy of the country for this reason the country has to work on the law and order situation of the country. They should regain the peace and should attract the international tourists so that they can bring the foreign currency in the state so that the economic conditions of the country should be improved and Pakistan should be made run on the way of success.
