Economy of Pakistan
Economy of Pakistan
Currency
1 Pakistani Rupee (PKR) Rs. = 100
Paisas
Fiscal year
July 1–June 30
Trade
organisations
ECO, SAFTA, ASEAN, WIPO and WTO
Statistics
GDP
$504.3 billion (PPP) (2008)
GDP growth
6.9%[1] (2008 est.)
GDP per capita $2,600 (PPP) (2008)
GDP by sector
agriculture: 19.6%, industry: 26.8%,
services: 53.7% (2007)
Inflation (CPI)
12.0% (Jul-Jun 2008)[2]
Population
below poverty
line
23% ((2007)) [1]
Labour force
49.18 million (2006 est.)
Unemployment 7.5% (2007 est.)
Main
industries
textiles, chemicals, food processing,
steel, transport equipment,
automotives, machinery, beverages,
construction, materials, clothing,
paper products
External
Exports
$20.58 billion (2007 est.) (68th[3])
Export goods
textile goods (garments, bed linen,
cotton cloths, and yarn), rice, leather
goods, sports goods, chemicals
manufactures, carpets and rugs
Main export
partners
United States 22.4%, UAE 8.3%,UK
6%, China 5.4%, Germany 4.7% (2006
est.)
Imports
$30.99 billion f.o.b. (2007 est.)
Import goods
Petroleum, Petroleum products,
Machinery, Plastics, Transportation
equipment, Edible oils, Paper and
paperboard, Iron and steel, Tea
Main import
partners
China 14.7%, Saudi Arabia 10.1%,
UAE 8.7%, Japan 6.5%, United States
5.3%, Germany 5%, Kuwait 4.9%
(2006 est.)
Public finances
Public Debt
$45 billion (2007)
Revenues
$27.5 billion (2006 est.)
Expenses
$35 billion (2006 est.)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars
The economy of Pakistan
is
the 26th
largest economy in the world in terms of pur-
chasing power, and the 47th largest in abso-
lute dollar terms. Pakistan’s economy mainly
encompasses textiles, chemicals, food pro-
cessing, agriculture and other industries. In
2005, it was the third fastest growing eco-
nomy in Asia[4].
The major sectors constituting the main-
stay of the economy of the various provinces
in Pakistan are believed to be as follows: min-
ing and fruit farming in Balochistan province,
manufacturing in Karachi and central Punja