Question

What are the reasons for the slow growth and reemergence of poverty in Pakistan?

Options

• Greater Dependency on the Public Sector Enterprises

• Traditional Agricultural Practices

• Undeveloped Manufacturing Sector

• All of the above

Answer 1

All of the above

Explanation:

The following are the primary reasons behind Pakistan's slow growth and re-emergence of poverty:

1. Greater Dependency on the Public Sector Enterprises:
   The increased reliance on Public Sector Enterprises is the key reason for Pakistan's poor economic growth. Pakistan largely relied on a protectionist strategy, with the Public Sector Enterprises playing a prominent role. Public sector enterprises' operational inefficiencies, combined with the misallocation of scarce resources, result in a stagnant economic growth rate.
2. Traditional Agricultural Practices:
   In Pakistan, agricultural operations were primarily reliant on traditional methods and the whims of climatic circumstances, resulting in low production. As a result, the agricultural industry has not been able to reach its full potential.
3. Undeveloped Manufacturing Sector:
   The majority of Pakistan's foreign exchange revenues were in the form of remittances from Pakistanis working in the United States Middle East and extremely volatile exports of products from agriculture This can be considered. as one of the causes of the weak growth of the economy, This is due to the influx of Remittances are a kind of foreign exchange. the requirement for development to gain foreign currency in the manufacturing sector exporting manufactured items for foreign exchange.