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Economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1970s. Two wars with India - the Second Kashmir War in 1965 and the separation of Bangladesh from Pakistan also adversely affected economic growth. [35]
A map outlining historical sites in Pakistan. The history of Pakistan prior to its independence in 1947 spans several millennia and covers a vast geographical area known as the Greater Indus region. [1] Anatomically modern humans arrived in what is now Pakistan between 73,000 and 55,000 years ago. [2]
Statesmen of the early decades of Pakistan, with Pakistan’s founding father and future Governor-General, Muhammad Ali Jinnah in the centre of the bottom row. Three future Prime ministers can also be seen with Khawaja Nazimuddin to Jinnah’s left, I.I. Chundrigar on the rightmost of the middle row, and Liaquat Ali Khan on Chundrigar’s left.
The gross domestic product of India was estimated at 24.4% of the world's economy in 1500, 22.4% in 1600, 16% in 1820, and 12.1% in 1870. India's share of global GDP declined to less than 2% of global GDP by the time of its independence in 1947, and only rose gradually after the liberalization of its economy beginning in the 1990s.
The 1990s posed a formidable economic landscape for Pakistan, marked by a series of challenges and developments. Declining worker remittances and escalating external deficits set the tone for economic strains. Simultaneously, the decade witnessed the second-worst inflation in Pakistan's history, driven by diminishing GDP growth rates ...
[19] [20] Pakistan's political history since independence has been characterized by periods of significant economic and military growth as well as those of political and economic instability. It is an ethnically and linguistically diverse country, with similarly diverse geography and wildlife .
This is a timeline of Pakistani history, comprising important legal and territorial changes and political events in the region of modern-day Pakistan. To read about the background of these events, see History of Pakistan and History of the Islamic Republic of Pakistan .
The liberalisation methods raised country's GDP growth at 9.38% (1964), 8.71% (1980s) and 8.97% (2004–07). After exclusive establishment of Pakistan, the country's economic policy for the rapid growth of the national economy was deeply understood and extensive efforts were carried out by the government of Prime minister Liaquat Ali Khan in 1947. [2]