The economy of Pakistan is the 27th largest in the world (in absolute dollar terms). Pakistan has a semi-industrialized economy, which mainly encompasses textiles, chemicals, food processing, agriculture and other industries.
The state of Pakistan was established on 14 August 1947 and since its inception, it has been surrounded by countless issues including but not limited to ill-formed/missing infrastructure, insufficient refined resources, barren or obsolete factories and technologies, imposed conflicts at Kashmir and other fronts and an ever-ready enemy to underscore all the efforts towards progress. Despite it being rich on raw resources thus far Pakistan is a developing country with limited development in every era due to the problems it faces. Some of the major problems faced today by Pakistan as a country are poverty, literacy, corruption and political instability, international interference, terrorism, religious extremis, overpopulation, inflation and unemployment.
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