Pakistan Matters

Pakistan is a developing country with a population of over 200 million and a GDP of around $280 billion. The country faces many challenges such as poverty, inequality, corruption, terrorism, energy crisis, and environmental degradation. However, Pakistan also has many opportunities to achieve sustainable growth and development with economic reforms in 2023. According to the World Bank, Pakistan's economy is expected to grow by only 0.4 percent in the current fiscal year ending June 2023. The slower growth reflects subdued private sector activity amid deteriorating confidence, import controls, belated fiscal tightening, and the impacts of the unprecedented floods of summer 2022. The World Bank also warns that Pakistan faces significant downside risks to its outlook, such as a resurgence of the COVID-19 pandemic, further deterioration of the security situation, delays in the implementation of structural reforms, and a failure to mobilize sufficient external financing. Some of the ma...

Political instability is a serious issue that affects Pakistan in many ways. It refers to the uncertainty and unpredictability of the political system, the ineffectiveness of the political parties, and the weak political culture. Political instability can have negative impacts on the economy, society, security, and image of Pakistan. Some of the effects of political instability on Pakistan are: •  Economic slowdown: Political instability can hamper economic growth and development by creating uncertainty, discouraging investment, disrupting trade, increasing inflation, and reducing public spending. According to a study by the World Bank, political instability can reduce GDP growth by 2.39% per year. •  Social unrest: Political instability can also cause social problems such as poverty, illiteracy, violence, discrimination, and lack of opportunities. These problems can affect the quality of life and well-being of the people, as well as their trust and confidence in the govern...