KHAWAJA FAREED UNIVERSITY OF ENGEENERING

AND INFORMATION TECHNOLOGY

SUBMITTED BY : M.USMAN

SUBMITTED TO : MAM ARIFA

ROLL NO. : INFT

232101018

TOPIC :
Definition of Economy:
“Economics is the study of scarcity and its
implications for the use of resources, production of
goods and services, growth of production and welfare
over time, and a great variety of other complex issues of
vital concern to society.”
OR
“The way people spend money and the way people
make money.”
ECONOMY OF PAKISTAN
Early stages of Economy:
Early economy of Pakistan was very weak due to some reasons given below:
• During separation of Pakistan, Pakistan was not given its rightful shares.
all the areas in which there were industries were not included in Pakistan, because of which, the
foundation of Pakistan were weakened.
• Pakistan's first constitute was made after 10 years due to which basis of Pakistan were weak
• In addition to this destruction in Pakistan-India wars are also the main reason for the y drawback of
economy
• Some natural disasters such as Earth quick of 2005, flooding of 2011 and 2022 the economy of Pakistan
was decreased to a great instinct
• Some other reasons are also present such as more import and less export, old traditional way of farming,
unemployment etc.
Steps to improve economy:
Some steps to improve economy of Pakistan are given below:
• Employment:
Business opportunities should be provided. Youth should be directed toward
online earning so that new opportunities should be available to them.
• Natural recourses:
All natural recourses should be used properly specially agricultural field should
be given more importance.
• Political stability:
political stability is one of the most influencing part for the economy .

Conclusion:
If these steps are followed properly then its is still possible to make our economy
stronger