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Essay on My Country Pakistan in English - English Essay
THERE exists overwhelming empirical evidence across countries and across time that political instability is negatively related with economic growth and performance. Political instability lowers private investment, slows economic growth, and gives rise to unemployment and poverty. Pakistan is witnessing a prolonged period of political instability and as such its adverse consequences for the economy are quite visible. The present government has also failed economically and continues to lurch from one crisis to another. The government is clueless in addressing socio-economic problems in general and external shocks in particular. For a protracted period there were no finance, commerce, petroleum and natural resources and health ministers.
The economy of Pakistan is the 22nd largest in the world in terms of purchasing power parity PPP , and 45th largest in terms of nominal gross domestic product. Growth poles of Pakistan's economy are situated along the Indus River ;   the diversified economies of Karachi and major urban centers in the Punjab , coexisting with lesser developed areas in other parts of the country. As of May , IMF has predicted that future growth rates will be 2.
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