Geographically, Pakistan is an asian country situated in the south sharing borders with China and India who are considered to be one of the biggest markets in the world. Pakistan has an estimated population of 180 million. It sixth biggest country in the world in terms of population with the fifth biggest army in the world. It has an approximate area of 803,940 km2. The estimated GDP of Pakistan is $164 billion and contributes 19.6% to agriculture, 26.8% to industry and 53.7% to services. The country’s per capita income is around $1022. The country’s human development index is 0.52 and external debts rounding off to $50.1 billion.

Strengths

The economy of Pakistan is an agricultural country. It is an agricultural country based on agriculture, textile, services, remittances and cottage industry. The country has a great deal of potential to grow and become a better country in the world. The current rate of economic growth is 2% that has come down from 6.8% achieved during the period of 2006-2007. The last two decades has particularly seen the telecommunications industry to grow and boom throughout the country. Even geographically, Pakistan is given great importance. The country holds a great amount of natural resoursces. It has the best agricultural system. The country has four seasons. It has a great potential to expand its tourism department as it has one of the highest mountain ranges, coastlines and vast deserts.

Weakness

Despite all the potentials and strenghts, the country is suffering a great deal from its weaknesses. Every year a big portion of the budget goes towards defence and foreign debts. The rest of the budget that has to go towards the welfare of the country suffers from corruption which is one of the biggest threats to the country’s welfare. Another threat to the country is its lack of action to control terrorism that has weakened the roots of the country and has rocked its roots. The administration has lacked to provide essantial ways to better the the agriculture. The educational system has failed disasterously though the private institutes have boomed. But the administration has failed to provide education to poors. The country is currently suffering from providing ample amount of electricity and gas due to its lack of development in the sectors.