Pakistan's Economy: Achievements, Progress, Constraints, and Prospects

Abstract

Since independence, Pakistan can look back on fifty years of steady, sometimes spectacular economic advance. Pakistan's growth has been the fastest in South Asia. The gross national product has increased on average by over 5 per cent a year since 1947. Pakistan started behind India at the time of independence, but its income per capita is now 75 per cent higher. In spite of high population growth, per capita income has more than trebled in the past two decades.