what are the major reasons of Pakistan economy declining

 
Pakistan's economy has faced various A over the years, which have made it difficult to achieve stability. Some of the factors contributing to Pakistan's economic instability include:

Pakistan Economy in crisis 

Political instability:

 Pakistan has a history of political instability, which has created uncertainty and made it difficult for businesses to invest in the country. Frequent changes in government, corruption, and lack of continuity in policies have all contributed to this instability. The frequent changes in government have led to a lack of consistency in policies, making it difficult for businesses to plan and invest for the long term. Corruption has also been a major issue, with businesses having to navigate a complex web of regulations and officials to conduct their operations. This corruption has also led to a lack of trust in the government and the country's institutions.

Dependence on agriculture:

Pakistan's economy is heavily reliant on agriculture, which accounts for around 24% of GDP and employs around 38% of the population. However, the sector has low productivity due to factors such as poor infrastructure, lack of access to credit, and outdated farming practices. Furthermore, the sector is highly vulnerable to natural disasters and climate change, which can lead to crop failures and lower yields. This volatility in the sector can have a significant impact on the overall economy.

Energy crisis:

 Pakistan has been facing an energy crisis for many years, which has led to frequent power outages and hampered industrial production. The country's energy mix is heavily reliant on imported oil, which makes it vulnerable to price fluctuations in the global market. The lack of investment in the energy sector has also resulted in a shortage of electricity, which has impacted the manufacturing and service sectors. The energy crisis has had a significant impact on the country's economic growth.

Trade deficit:

 Pakistan has been importing more than it exports, leading to a widening trade deficit. This puts pressure on the country's foreign exchange reserves, leading to inflation and devaluation of the currency. The country's exports have been hampered by factors such as lack of competitiveness, poor quality control, and inadequate infrastructure. Furthermore, the country has been facing barriers to trade, such as high tariffs and non-tariff barriers in foreign markets.

Terrorism and security concerns:

 Pakistan has been facing ongoing security concerns, particularly with regard to terrorism. These concerns have led to a decrease in foreign investment and tourism, which has impacted the overall economic growth. The security concerns have also resulted in a high military expenditure, which has diverted resources from other sectors of the economy.

Conclusion:

To address these challenges, the government has been implementing economic reforms, attracting foreign investment, and improving infrastructure. For example, the government has initiated a series of structural reforms aimed at improving the business environment and increasing competitiveness. These reforms include improving the ease of doing business, addressing corruption, and increasing access to credit. The government has also been investing in infrastructure, such as transportation networks and power generation, to improve the country's overall competitiveness. However, achieving economic stability will require sustained efforts and commitment from all stakeholders