GDP growth sources of finance in Pakistan

Abstract

All the serious challenges Pakistan's GDP is facing today like very wide budget and trade deficits, galloping inflation, increase in the level of poverty, power outages, water shortages, closure of industries, food insecurity, etc, has diverted our attention from realizing the very serious challenge that we have overcome. Since the 1950s we had a system in this country where the Ministry of Finance and all the economic ministries were headed by World Bank and IMF officials of Pakistan origin. People feel vindicated to see representatives of the people occupying ministries of finance and economic affairs. Monopolies and cartels have played a major role in restricting output and escalating prices in Pakistan. Most of the members of cartels are ministers and other influential. The Government has to devise both a short term as well a long term policy to deal with the situation. In the short run the Government should scrutinize the imports of the country and temporarily halt the import of nonessential consumer goods, luxuries, etc. The research data has been collected which consists of a survey of 42 respondents, among whom the questionnaires have been distributed. The data is presented in tabulated and graphical form. Through this research a vast segment of respondents was analyzed, while dividing them into several age groups. The questionnaire has enabled the researcher to remain objective, detached, value-free and non-influential on the study. The results have been analyzed through several tools to be able to give recommendations and draw conclusions. © Springer-Verlag Berlin Heidelberg 2014.