Economy of Pakistan PDF
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Uploaded by AdaptiveWilliamsite9213
2021
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Summary
This presentation provides an overview of the Pakistan economy. The presentation covers the main sectors of the economy, including agriculture, industry, and services, and discusses various aspects such as the country's GDP, population, exports, and investment opportunities. The presentation also touches upon the challenges of corruption and debt in Pakistan's economy.
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Economy of Pakistan The economy of Pakistan is a low-income developing economy. It is the 23rd largest worldwide in terms of GDP. According to a 2021 estimate, the Country has a population of 227 million people (5th largest worldwide). Pakistan is a developing...
Economy of Pakistan The economy of Pakistan is a low-income developing economy. It is the 23rd largest worldwide in terms of GDP. According to a 2021 estimate, the Country has a population of 227 million people (5th largest worldwide). Pakistan is a developing country with a semi-industrial economy. Primary export commodities include textiles, leather goods, sports equipment, chemicals, and carpets/rugs. Major Sectors of Pakistan’s Economy 1.AGRICULTURE 2.INDUSTRY 3.SERVICES 1.Agriculture 1 2 3 4 5 6 7 8 Majority of It contributes The most Pakistan's Pakistan is a Pakistan exports Pakistan's About 25% of the about 19.2% important largest food net food rice, cotton, fish, natural Pakistan's total population, percent of crops are crop is wheat. exporter. fruits & resources land area is under directly or (GDP) and wheat, sugarc vegetables and are arable cultivation and is indirectly, accounts for ane, cotton, imports land and watered by one of dependent on 37.4% of and rice. vegetable oil, water. the largest this sector. employed wheat and irrigation systems. labour force in pulses 2021 2.Industry Pakistan’s industrial sector accounts for approximately 19.12% of GDP. Major Industries include textiles, fertiliser, cement, oil refineries, dairy products food processing, beverages, construction materials, clothing, paper products and shrimp. Small and medium scale firms represent nearly 90% of all the enterprises in Pakistan and employ 80% of the non-agricultural labour force. These figures indicate the potential and further growth in this sector. Industry 1. Fertilizer Cement Industry Manufacturing Industry Automobile Defence Industry Textiles Industry Industry 2. Mining 3. Energy Telecomminucation Transporataion 3. Services Finance Housing Tourism Telecommunication Transporataion Finance Housing Tourism The mobile telephone Air Linkages Pakistan has a large and The property sector has It has been stated as market has exploded Railway Linkages diverse banking system. expanded twenty- being the tourism many-fold since 2003. Road Linkages In 1974, a nationalization threefold since 2001, industry's "next big Maritime Linkages program led to the creation particularly in thing". Top mobile phone of six government-owned metropolises like operators: banks. Lahore and Karachi. Pakistan with its Jazz Pakistan diverse cultures, people Telenor A privatization program in To promote affordable and landscapes, has Zong the 1990s led to the entry of housing and home attracted 90 million foreign-owned and local ownership among low tourists to the country. banks into the industry. to middle-income group, SBP in 2020 Currently, Pakistan In 2010, has introduced ranks 130th in the 5 public-owned commercial Government's Mark-Up world by tourist banks Subsidy Scheme. income. 25 domestic private banks, 6 multi-national banks and 4 specialized banks. Pakistan’s Corruption Debt Economic Crisis The corruption is on-going issue in the government, claiming to take initiatives against it particularly in the government and lower levels of police forces. The country has had a consistently poor ranking at the Transparency Internationals’s Corruption Perceptions Index. Corruption Pakistan is considered as 34th most corrupt country in the world. Due to bad effects of corruption on country, National Accountability Bureau (NAB) was established in 1999 (to recover looted money from corrupt elements and deposit in the national exchequer). Debt In 2017, Pakistan ranked 57th in the world, with respect to the public external debt to various international monetary authorities. CIA World Factbook The Benefits and Risks of the China-Pakistan Economic Corridor Historically China The CPEC is an and Pakistan have ongoing cooperated at the development mega strategic and project which aims political levels. to connect Gwadar Now the two Port of Pakistan to nations have tried China’s north- to expand their western region of bilateral Xinjiang, via a collaboration network of economically as highways, railways well. and pipelines. MAIN COMPONENTS OF CORRIDOR: Gwadar ( including port and city and Energy (Coal, Hydel, Transport Gwadar region socio- Wind, Solar, LNG , Infrastructure (Road, economic Transmission) Rail, Aviation) development) Investment & Industrial Cooperation Any other area of (Gwadar Free Zone interest mutually and other industrial agreed parks to be finalized) DIVERSE INVESTMENT OPPORTUNITIES Industrial Financial Agricultural Tourism Cooperation Cooperation Cooperation Educational Human resource People to people Health Care linkage development contact Increase in Enhance Security livelihood and stability of opportunities the region China’s strategic interests in East Asia and the United States Strategic Pakistan serves as a crucial bridge importance of between China and Central Asia, South Asia, and the Middle East. Pakistan This is why China is willing to pour vast amounts of resources into the economic corridor