Pakistan - Country Profile - Essay Example

The Capital of the new State was Karachi, after the division of borders about one-third of the Muslims of India remained in India and after the division of East Pakistan only 45% of Muslims remained in Pakistan. When Pakistan was made or came into being, the country did not get all the resources that were to be given to them and those given were mostly outdated and obsolete.

Currently, political stability or we can say political instability of Pakistan has been a setback for the economic growth of Pakistan. Last year on February 18 elections were held in which a coalition government was formed by the two major political parties of Pakistan, these two political parties are P.P.P (Pakistan’s Peoples Party) and P.M.L-N (Pakistan’s Muslim League – Nawaz). Soon after the elections the political parties were not able to rule the country together and the alliances broke after five months of ruling and after the resignation of Pervaiz Musharaf (former president and chief of army staff of Pakistan) as the five points on which the alliance was standing on were not completed.

The five points were the restoration of judges deposed last year by Musharaf, impeachment of Musharaf, dissolve the president's power to dismiss the government and the parliament, a new candidate for the president’s seat who was not connected to any political party and restoring democracy in Pakistan. Since that date till today Pakistani political conditions have worsened and it is even feared that this government would not last for more than a year or less, this political uncertainty has given way to economic instability, the value of the Pakistani rupee to that of the U.S dollar has fallen almost about 33.3% since the rule of the new government has started and the recent oil and energy crises have stabbed the economy of the country, increase in oil prices and energy prices have resulted in liquidly problems of the country, the factories are closing every day, the stock market is freeze, banks are running out of money, people are losing jobs and living hand to mouth. The government is trying very hard to destabilize the economy but has failed to do so in recent months, the government has been asking for financial aid from different friend countries but has failed to gain help.

At present Pakistan’s relationship with its former colonizer India has improved, the president Asif Ali Zardari of Pakistan and Mr. Manmohan Singh of India are trying to resolve problems between the two countries with the help of Give and Take Policy but still they are not able to come to a conclusion with the problem between them from 1947 to 2008 of Kashmir as both the countries still fight on the topic that Kashmir belongs to one of them. Read More