Pakistan

Food production, exports, the development effort and the financing of defence have been outstanding problems in Pakistan's economic life. In 1955/56, the food situation again caused anxiety, owing to widespread flood damage to crops, which necessitated imports of large quantities of rice and wheat and raised the cost of living considerably in East Pakistan, a food deficit area. However, export earnings rose beginning in late 1955 and, because of strict import control on non-essential items, could be used in part for financing food imports. Devaluation and the consequent larger payments surplus, together with the sizable government deficit, expanded the money supply, but external aid and, to some extent, an increase in industrial production helped to ease the upward pressure on prices.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities