Characteristics and Purposes of National Income Accounting for Pakistan

Coming into existence on August 15, 1947, Pakistan has faced many diverse economic, political and social changes in its brief history of ten years. Mass migration of population in the Indo-Pakistan sub-continent, the decision not to devalue the currency in 1949, hostilities in Korea, devaluation of the rupee in 1954, occasional drought and flood, and the Government policy of changing in a short period from an agricultural to a semi-industrialized country are some of the main factors which have affected the economy.