The World Bank has identified 6 major problems of Pakistan

 

World Bank Identifies Six Major Challenges for Pakistan

The World Bank has released a report outlining possible reforms for Pakistan's bright future, indicating that Pakistan is grappling with a human capital crisis, underutilization of available human resources, and hindrance to development.

According to the report, in Pakistan, more than 40% of children under the age of 5 are stunted, and over 200 million children, the highest in the world, are out of school. Seventy-nine percent of children under the age of 10 lack the ability to read.

The World Bank's report states that Pakistan is facing significant financial losses, with over 78% of Pakistan's debt exceeding the legal limit. There is a loss of continuity in policies, leading to a lack of investment and revenue.

The report also states that Pakistan's agricultural sector is non-productive and stagnant, constituting only 23% of the GDP. The agricultural sector in Pakistan provides employment to 40% of the labor force.

According to the World Bank's report, the energy sector in Pakistan is unsustainable and imposes a heavy burden on the economy. There are financial difficulties in the energy sector, causing a circulation of debt.

The report highlights that Pakistan's public sector is ineffective, and policy decisions in Pakistan are centered around personal interests.