Devaluation Of Pakistan's Currency

Wars and hostility is a strain on the economy causing depletions of important resources to be spent on defense instead of on the deserving population.
             A stable political scenario- a stable government is very important for a stable or an improving economy. This not only encourages foreign investment but also maintain existing economic policies for long-term benefits. Constant upheavals dissuade not only foreign but also local investments and constantly changing economic policies destroys economic development.
             These factors contributes to a unified and a strong nation. However, Pakistan has been unfortunately deficient in several of these e.g. it does not have educated labor not only that but 52% of potential labor force i.e. women are not employed due to biased society.
             Pakistan also has had a very unstable political history as several of the governments in the past have not been able to or rather allowed to complete their term if office.
             Hostility and corruption; the insatiable lust for power and money had infected the autocracies of the previous regimes leading to unfavorable and unprofitable economic policies that cause Pakistan's economy to backslide instead of improving.
             One of the major factors in depriving Pakistan of its economic stability was the succession of East Pakistan; Apart form the war expensed that it deprived us of a major source of inexpensive labor force and revenues.
             Time and again Pakistan has depended on the IMF and the World Bank to propose the economic policies of the countries. The policies formulated by these institution not being suited to the prevailing economic conditions brought more harm than good and hence left unassailable blemishes on the economic history of the country.
             All these factors contributed a lot to what Pakistan is today.
             We will focus on the economic policies or more specifically the devaluation policy adopted by the governments of Pakistan up to today that has formulated the existing structure of the economy of this country.