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- Title
A Review of Fall in World Commodity Prices and its Prospective Impact on Pakistan's Economy.
- Authors
Khan, Shoaib Bashir; Haroon, Muhammad Mohsin
- Abstract
After nearly a decade the skyrocketing pricing in commodities are eased now. The projection suggests that commodity prices are likely to further soften in near term. The current situation is quite challenging for Pakistan as its major earnings are from exports of rice, fruits, cotton, sugar etc. that are on decline and are expected to carry on in future. However the fall in oil prices has given the Pakistan's economy a measure to reprieve. As Pakistan is facing immense energy crisis and handsome amount of subsidy is provided to power sector. This is an opportunity to eliminate subsidy on power sector. This paper analyses the aspects and its outcomes of commodity price cycle with reference to Pakistan. Present study provides short term and long term polices to shelter Pakistan from the adverse effects of price instability.
- Subjects
PAKISTAN; RICE exports &; imports; ENERGY shortages; PETROLEUM sales &; prices; PRICES; ECONOMIC history
- Publication
Journal of Managerial Sciences, 2015, Vol 9, Issue 1, p25
- ISSN
1992-4364
- Publication type
Article