What are tha economics problem facing pakistan today
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There is almost a consensus that the major economic challenges facing Pakistan are rising poverty and unemployment, heavy external and domestic indebtedness, high fiscal deficit and low investment.
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The economy of Pakistan is the 22nd largest in the world in terms of purchasing power parity (PPP), and 45th largest in terms of nominal gross domestic product. Pakistan has a population of over 220 millions (the world's 5th-largest), giving it a nominal GDP per capita of $1,543 in 2020-21,[34] which ranks 154th in the world and giving it a PPP GDP per capita of $5,839 in 2021, which ranks 132nd in the world for 2021. However, Pakistan's undocumented economy is estimated to be 36% of its overall economy, which is not taken into consideration when calculating per capita income. Pakistan is a developing country. The economy is semi-industrial, with centres of growth along the Indus River. Primary export commodities include textiles, leather goods, sports goods, chemicals and carpets/rugs.
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