Question

What would be the economic impact if Pakistan stopped importing goods and commodities?

Please answer asap i will mark brainliest​

Answer 1

Answer:

Illustration by Muhaddisa Shahzad

Pakistan’s trade deficit has hit a record level of 30 billion US dollars in the first 11 months of 2016-17, showing a jump of 42 per cent as compared to the same period in the previous financial year. Exports have declined by three per cent to 18.5 billion US dollars while imports have gone up by 21 per cent to 48.5 billion US dollars.

Never before in the country’s history have imports been over two-and-a-half times of exports as they are now. This unprecedented trade deficit has occurred despite the prevalence of relatively low international prices of our biggest import, oil.

A number of questions arise about the size of this deficit. What factors explain the fall in exports and the phenomenal rise in imports? What are the

Answer 2

Answer:

Since Pakistan don't have a strong economic structure, if its importing stopped , then most likely the value of it's currency will fell . People will die of hunger leading to Subsistence crisis.

Please mark me as BRAINLIST