PIDE’S Charter of Economy (Policy)

BACKGROUND

Despite experiencing extreme economic and political instability, Pakistan has still been unable to break with the ramshackle of its unstable development enigma. Pakistan’s economic indicators over the last seventy-two years have fluctuated widely: the sixties, the eighties, and a significant part of the 2000s registered high growth episodes (over 6.0 per cent), with low growth observed in other periods. In the last twelve years (2008-20), growth averaged 3.25 per cent annually, crossing 5.0 per cent just twice (see Figure 1) Why so much volatility? Why does the economy rudderless and lacking direction?