ECONOMY OF PAKISTAN

Objective

This course is designed to provides students with critical information and knowledge about Pakistan economic environment. Important components which contribute to the development and progress of the economy of country are included here.
The students are expected to learn about the current economic condition of Pakistan and also to develop analytical thinking about future. Since the topics discussed have both descriptive and quantitative approach students will be beneficial from both angles.

Course Contents

1. Agriculture Sector

1.1 Major Crops, Cash Crops
1.2 Minor Crops
1.3 Irrigated and Un-irrigated Area
1.4 Agricultural Inputs Forestry, Livestock, Fisheries
1.5 Role of Agriculture in Economic Development of Country
1.6 Problems in Agriculture Sector

2. Industry

2.1 Small, Medium and Large Scale Industries
2.2 Major Industries of Pakistan
2.3 Employment Capital Output Ratio
2.4 Industrial Policy and Prospects
2.5 Privatization of SOE’s (State Owned Enterprises)
2.6 FDI in Industrial Sector
2.7 Industrial Financial Institution

3. Population

3.1 Population Trend, Birth Rate, Fertility Rate and Infant Morality Rate
3.2 Rural Urban Migration
3.3 Male/Female Ratio
3.4 Life Expectancy and Population Pyramid

4. Education

4.1 Number of Male/Female Educational Institutions
4.2 Student Enrolment
4.3 Teacher/Student Ratio
4.4 Literacy Ratio And Educational Policy

5. Health

5.1 Number of Hospitals Doctors and Paramedical Staff
5.2 Number of Medical Colleges
5.3 Major Diseases
5.4 Access to Clean Water and Sanitation

6. Services Industry

6.1 Major Services Hotels and Motels, Tourism and Transportation

7. Foreign Trade

7.1 Major Exports and Imports
7.2 Commercial Policy, Tariffs and Quotas
7.3 Export Subsidies and Rebate
7.4 Foreign Exchange Earnings and Balance of Trade

8. Monetary Policy

8.1 Role of State Bank of Pakistan in Money Supply
8.2 Tools Of Monetary Policy
8.3 Open Market Operation
8.4 Bank Rate and Required Reserve Ratio

9. Fiscal Policy

9.1 Direct and Indirect Taxes, Excise Duty
9.2 Government Budget and Government Expenditure
9.3 Revenue Sharing Between Federation and the Provinces And Between
Province And Local Government

10. Investment Policy

10.1 Domestic Investment
10.2 Foreign Direct Investment
10.3 Privatization of Public Sector Enterprises

11. Inflation

    11.1 Measurement of Inflation
    11.2 Consequences of Inflation
    11.3 Inflation and Unemployment
    11.4 How to Control Inflation

12. Labor Force

    12.1 Manpower Planning Male / Female, Skilled / Unskilled, Rural / Urban
    12.2 Self-Employed / Employed Labor Force
    12.3 Manpower Planning

13. GDP

    13.1 Measurement of GDP
    13.2 Composition of GDP
    13.3 Growth Rate of GDP
    13.4 Per Capita GDP and Growth Vs. Development

14. Capital Markets

    14.1 Stock Exchanges and Their Functioning
    14.2 Role of Security Exchange Commission Of Pakistan (SECP)
    14.3 Stock Index and Foreign Portfolio Investment

15. Infrastructural Services

    15.1 Transportation (Roads, Railway, Airplanes and Merchant Ships)
    15.2 Communication Network (Telephone, Radio, TV, Print Media and Internet)

16. Energy Resources

    16.1 Sources of Power
    16.1.1 Thermal Power Resources
    16.1.2 Hydropower Resources
    16.2 Energy Generation
    16.3 Power Losser

Recommended Books

1. Nasir, M. Saeed, Economics of Pakistan, Markazi Kutub Khana, 1996.
2. Malik, Sohail, Economy of Pakistan, Hyder Kamal Syed Imtiaz Publishers, Lahore, 1999.
3. Saeed, Amjad Khawaja, Economy of Pakistan, Pakistan Institute of Management Science, 2002.
4. Pakistan Economic Survey (Various Issues).
5. Zaidi S. Akbar, Saiyid Ameena, Issues in Pakistan’s Economy, Oxford University Press, 2000.
6. Pakistan Year Book