Financial difficulty in Pakistan

Financial difficulty in Pakistan

From the time of independence from the British rule Pakistan is facing the financial obstacle. At the time of creation of country, India did not pay the full share of treasury to Pakistan that was agreed at the time of independence. Almost every government in Pakistan face the financial difficulty to full fill his routine work. The people of Pakistan are not so much poor as compared to India. Pakistan is facing financial difficulty due to following reasons

Consistency of Policy;

It is the bad luck of Pakistani nation that there is no consistency of financial policies in country. Every Government try and make policies to full fill short term their goal. They have no long-term national agenda and we are not able to blame at one- or two-party Governments.

Law makers intentionally leave loop howls in policies to gain the individual benefit. Leaving flaws in policies may be due to many reasons. We can discuss some of it

1.    Wealthy people are power full than law maker

2.   Institutions are not working their work properly in their domain

3.   Wealthy families have strong hold on politics

4.   Election system is not too much strong

5.    Foreign countries have strong influence on country financial policies

Documentation of Economy;

Larger part of country economy is not documented. In country there are laws present but implementation is not done. The example of it is that people of country start their business without registration of business. He not only starts business but also take utilization connection from the Government agencies and take the credit from banks & other channels. They can not face any single hurdle in all this process. If they have any hurdles it can be settle by official through taking monetary benefits from that people.