Economic condition of Pakistan is directly related to Information Technology

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Economic condition of Pakistan is directly related to Information Technology

The economy of Pakistan is the 25th largest in the world in terms of purchasing power parity, and 42nd largest in term of nominal gross domestic product. Pakistan has a population of over 207 million, the world 5th largest population. In any case, Pakistan’s undocumented economy is evaluated to be 36% of its general economy, which isn’t taken into consideration when calculating per capital income.

Pakistan is a developing country and is one of the Next eleven. The eleven countries that have a potential to be among the world’s large economies in the 21st century. The economical state of Pakistan from last three to four decades is unstable because of war and terror circumstance. That is the reason negative impact of economy and costs are not steady. Government neglected to make an appropriate any economy approach to enhance their value level and other issue to understand.

Economic instability, energy emergencies, high joblessness, low fares, low outside trade saves, low salary level and other social, financial and political issues. All these issues have coordinate impact on business movement, unstable value level and economic development.

Also, the textile sector still specifically or by implication drives around 66% of the national fares and the fare execution of this part is in a free fall. Income gathering drives in Pakistan are going in the wrong direction, since the present consistence culture cum condition supports the un-recorded segment over existing or honest citizens.

Now a day, inflation rate is increase in Pakistan. Risen education bit, less job opportunity. In Pakistan, every year more than 60 thousand student graduated in different field. Increase in Private University as well as increase in job rate, because every student wants to get a job.

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