Subject: Introduction to Micro Economics
Submitted to: Prof. Masood
Prepared by: Umair Khalid
Roll Number: 61
Due Date: March 08, 2011
Solutions to Improve Economy of Pakistan:
A lot has been written and talked about to overcome the challenges and problems and improve our economy, but I will focus on only a few action points.
1) We should buy share from stock market because in 1990, Pakistan’s share was 0.2% of the world trade and after 20 years it has come down to 0.12% in a very buoyant world economy.
2) We should increase the literacy rate because we badly lag in social indicators.
3) We should not waste electricity and water because Pakistan faces energy crises and water shortages.
4) Individuals with idle resources should be encourage to either distribute freely or at least loan with lower interest rate.
5) We need to do our best to not waste what we have and learn to share.
6) We should recycle paper, cans and bottles which is another way to help the economy and the ecological system simultaneously.
7) Industries should be established near to the resources to save the fuel used for transporting the raw material.
8) We should exports great quantities of cotton, leather etc. and export these things after processing and converting them to some useful goods because it will increase the foreign exchange two to three times the previous one.
9) Pakistan uses a lot of fuel for the generation of electricity ,this fuel and money can be saved if we construct more dams and generate electricity through hydra PowerStation’s, this electricity would be very cheap so it will also help a lot to the agricultural and industrial sector.
10) Most of the farmers in Pakistan are poor and unable to adopt modern techniques therefore we should improve the agriculture sector’s production by introducing mechanization and making it common... [continues]
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