Question

Do you think Pakistan’s Iron and Steel Industry’s potential to generate economy is decreasing? What can be the factors leading to this?

Answer 1

ANSWER :

The Iron steel industry has a gross value added of US$500 billion, which is 0.7% of global GDP and employs just over 6 million people .

EXPLANATION :

Pakistan has long been regarded as a “dependent” economy. The results show that growth in Pakistan is influenced by external factors, but that growth is driven primarily by the dynamics of the domestic economy .