Swat Valley Economy

The Swat Valley, also commonly known simply as the Valley Swat, is an interesting area. Many people are curious to know about the Swat Valley Economy. While a lot of information is available about Swat Valley Economy, unfortunately, most of it is not positive information. In fact, just this past year, the Valley Swat and Pakistan as a whole suffered a tough blow. It's growth for the past year was determined the slowest in a decade, and the area was forced to take $600 million in US funds to use for emergency relief. A large chunk of this money went to help people of the valley who had been displaced. It is nice to note, however, that the area does have a reputation for spending its money wisely. It is not in serious debt; it is simply going through a rough, financial time at present, much like many other areas of the world, including the United States.

Unfortunately, it looks as though it could take a while for things to improve in the Valley Swat. The gross domestic product is estimated to slow to 2.37%, another turn for the worse of the Swat Valley economy. Other officials argue that it might fall even lower, perhaps dipping into the 2.1% mark. No matter which figure turns out to be accurate, this year will mark the worst year in finance for the area since the 1997-1998 fiscal year. This could make for large problems for the area, but there are plans in place, such as increased tourism and marketing, that should help to turn the economy back around slowly but surely.

Unfortunately, there are not really any concrete reasons for the poor state of the Swat Valley Economy. The lowered rated of tourism since the terrorist attacks and the war in the middle east is thought to have something to do with it. Also, the manufacturing sector of Valley Swat has diminished significantly, about 5.73% in one year's time. According to the National Accounts Committee, the industrial sector has declined as well, by about 2.57%. Construction is down 10.7%, and finance and insurance 1.19%. Furthermore, investment income has diminished as well.

Just like the United States is currently in a recession, so is the beautiful and once thriving Valley Swat. However, tourism is slowly starting to increase to the area, which could bring about a real and positive change in the Swat Valley Economy. Individuals who are interested in helping are encouraged to find a charity or organization supportive of the Swat Valley to donate to or to simply pay the area a visit and give something to this struggling economy. Hopefully, the Swat Valley can be back on its financial feet relatively soon.