Balance of Payments and Export Promote Measures
Pakistan and Malaysia
Ch Farrukh Nadeem
Ms. Naveeda Amir
Issues in pakistan Economy
Department of Economics
National University of Modern Languages, Islamabad
I am very thankful to ALLAH ALMIGHTY, who helped me to prepare this report in a better way. I am also thankful to my parents and teachers, who always prayed for me and guided me in my life.
I am also thankful to my teacher, Ms. Naveeda Amir, Lecturer, Department of Economics, National University of Modern Languages, Islamabad, who guided me in each step during my project with great kindness.
Ch Farrukh Nadeem
Table of Contents
Chapter No.| Contents| Page No.|
| - Acknowledgement| 02|
Chapter No. 01| - Introduction| 04|
Chapter No. 02| * Review of Balance of Payments of Pakistan and Malaysia | 11| Chapter No. 03| * Graphical Comparison of Balance of Payments between Pakistan and Malaysia| 16| Chapter No. 04| * Conclusions| 29|
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Pakistan and Malaysia are Muslim countries and both are located in the continent of Asia. A comparative study of Balance of Payments between Pakistan and Malaysia has been discussed in this project from 1996 to 2010 and also it has been analyzed that what measures have been taken by both countries for their exports. 1.1. Pakistan
Islamic Republic of Pakistan is a sovereign country located in the continent of South Asia. It is bounded by the 1046 kilometer coastline along the Arabian Sea. Pakistan is boarded by Afghanistan in the west and north, China in northeast, Iran in southwest and India in the east. Tajikistan is located in the north by narrow Wakhan Corridor. Oman is located in the maritime vicinity and shares maritime border with Pakistan. Pakistan is strategically located in the important regions of South Aisa, Central Asia and Middle East. Pakistan gained independence in August 1947, under the supervision of Muhammad Ali Jinnah with a great struggle from British Empire. In 1956, Pakistan adopted its new constitution and became the Islamic Republic. In 1971, East Pakistan was separated as a Bangladesh due to an armed conflict with India. Pakistan is consisting of four provinces, four federal territories and a federal government. Pakistan is the 6th populous country of the world by exceeding population from 170 million people. It is 2nd largest Muslim population country after Indonesia. It is semi-industrialized economy as 27th largest in the world in terms of the purchasing power. Pakistani history is full of conflicts with neighboring India. Country is facing challenges and problems including terrorism, illiteracy, corruption and poverty. Pakistan has the 7th largest army in the world and it is also declared as the 7th of the world and 1st Muslim nuclear state of the world. It is at the 2nd in South Asia after India. It is a strategic ally of China and major Non-NATO ally of America. Pakistan is the founding member of the OIC and it is also the member of UNO, Commonwealth of Nations and G-20. 1.2.1. Economy of Pakistan
Economic history of Pakistan begins since its independence in 1947. Pakistan is a semi-industrialized country, based heavily on the agriculture, textile and food production. Though last few years have seen the technological diversification in the country. Pakistan’s average economic growth rate is increasing since independence. Average annual GDP rates were 6.8% in 1960’s, 4.8% in 1970’s and 6.5% in 1980’s. In the 2nd half of 1990’s, the average annual growth rate of Pakistan fell down at 4.6% due to slow growth. In 1960’s, Pakistan was a model in the world according to its economic development around the world. Ex capital Karachi was the role model in...