Economic Crises in Pakistan

Economic Crises in Pakistan

       ⟮The present financial crises in the Pakistan shows the weakness of a loosen financial system⟯

      Pakistan was home to the ancient Indus Vallay Civilization from 2800 BC to 1800 BC, some evidences found by the Archaeologist department unveil that its inhabitants were skilled traders. But since its formation in 1947 by the British, Pakistan has not been able to lessen the gap between itself and rich industrial nations. Pakistan's economy mainly depends upon textile, agriculture,and food production, though industrial growth have taken place in the country in recent years. But there are obstacles like corruption and internal political conflict on its way of the significant developments.
       However during the 1960s, Pakistan was seen as a model of economic growth around the world, and South Korea sought to emulate Pakistan's economic planning strategy, replicated the city of Karachi's second "Five-Year Plan."
    Despite a stream of strong words and announcements made by the past rulers of Pakistan, nothing strong has been done to introduce a proper economy revival plan.

• The present financial crises in the Pakistan shows the weakness of a loosens financial system.
• It shows the challenge that the policymakers and regulators are facing within an increasingly globalized world,
• In Pakistan most of the people are illiterate so instead of working on IT the government should work   on agriculture by constructing new dams to increase the availability of water for irrigation purpose.
• The reason that Pakistan has become virtually bankrupt is the socio-cultural attitude of people which is also an obstacle in the way of economic development of Pakistan.

Further Pakistan has to work on the economy and has to change its future plans of economy if it wants to be developed.

Thank You

Date:-27th Feb 2019

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Pulwama Terror Attack Timelines

Timelines 

On 14th Febuary (Thursday)

➤According to reports, when a 78-vehicle covoy was escorting over 2500 CRPF jawans from Jammu to Srinagar.
➤At around 3:30pm, a Mahindra Scorpio SUV, packed with 350kg of explosives rammed into 5th bus of the convoy on the National Highway 44 at Lethipora near Avantipora town.
➤Atleast 40 CRPF paramilitary troopers were killed in the deadliest terror attack.


15th Febuary
➤Pakistan based terror outfit Jaish-e-Mohammad, claims responsibility for the bombing by releasing a video in which the bomber, Adil Ahmad Dar, a 20-year-old posing behind a row of scary looking guns.
➤Over 45 countries reacted to the dastardly attack on CRPF jawans.
➤China expressed its solidarity but refrained from mentioning Masood Azhar. on the UN's terrorist listt.


16th Febuary
➤The all party meeting held in new delhi
➤India withdraws most-favoured status to Pakistan(given in 1996) after the Pulwama incident.
➤India hikes the customs duty to 200 percent on all goods imported from Pakistan,
➤Foreign ministeries of both the countries summon envoys of the other country.
➤Pakistan Foreign office cautions Indian government against any 'misadventure'.


17th Febuary
➤More than 200 Pakistani websites been hacked by an Indian hacker group-'Team I Crew'.






22nd Febuary
➤India decided to stop the flow of its share of water to Pakistan from rivers under the Indus Waters Treaty.





23rd Febuary
➤Top separatist leader Yasin Malik arrested during overnight raids by India in Kashmir vallay.




24th Febuary 
➤A senior police officer(Aman Thakur) and a militant killed in a gunfight between security forces and militants in jammu and Kashmir's Kulgam district.


25th Febuary---

26th Febuary

➤12 Indian Air Force Mirage 2000 jets drop 1,000kg bombs on suspected Jaish-e-Mohammed camps across the Line of Control(LoC). 6 bombs were dropped on terrorist camps by the Indian Air Force Mirage 2000s.
➤Mufti Azhar Khan Kashmiri, head of Kashmir operations; and Ibrahim Azhar, the elder brother of Masood Azhar were killed.
➤Pakistan says India has committed 'uncalled for aggression' by violating the Line of Control(LoC);
➤Pakistan's Foreign Minister Shah Mahmood Qureshi says Pakistan reserves right to  five 'suitable reponse in self-defence'.
                             

Jammu Kashmir

      ⇒has Srinagar as Capital
      ⇒has three divisions: Jammu, Kahmir Valley and Ladakh(new 2019) further has 22 districts.

Pulwama(1979) 

        ⇒a district of Jammu & Kashmir.
        ⇒has total Population 5.7lakhs(2011)   


 

CRPF(on 27th july 1939 in New Delhi as Crown representative's                Police)                                    

      ⇒became the Central Reserve Police Force after India's                             Independence
      ⇒is the largest of India's Central Armed Police Forces
      ⇒functions under the aegis of the Ministry of Home                              Affairs(Minister- Mr. Rajnath Singh) Government of India.

CRPF convoy moves from Jammu to Srinagar(271km around) and viceversa on alternate day. Winter snowfall makes it erratic.

                   

                                                                                               
                                                                     Thank You        

 Date:- 26th Feb 2019 

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