Overview of the Economy (Pakistan)

Fiscal year 2007-08 has been a difficult year for Pakistan’s economy. Several political and economic events, both on domestic and external front, occurred unexpectedly. These events include: disturbed political conditions; an unstable law and order situation; supply shocks; soaring oil, food and other commodity prices; softening of external demand; and turmoil in the international financial market. All these events have adversely affected the key macroeconomic fundamentals of Pakistan during the fiscal year 2007-08. The most important aspect, however, has been the non-responsive stance on account of political expediency in addressing domestic and external challenges during most part of the fiscal year, further accentuating macroeconomic difficulties.

Notwithstanding these extraordinary developments Pakistan’s economy posted a robust growth of 5.8 percent in 2007-08, as against 6.8 percent last year and this year’s target of 7.2......

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Title: E-Banking In Pakistan: Current Scenario
Approximate Word Count: 534
Approximate Pages: 3 (250 words per double-spaced page)

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