Most of Pakistan consisted of regions that the British has ignored in the process of industrialization. ... The areas mostly produced raw materials for which the processing industries were located elsewhere. ... Simply it can be easily deduced from the standing facts that when a country's exports remain stagnant and does not rise even after taking necessary steps for its promotion and whose imports continue to rise dislocating the balance of payment position and widening the current account deficit are left with only one alternative - devaluation of its currency to ease the situation. ......

• Word Count: 2476
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School