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# Introduction to Pakistan Economy Pakistan gained independence on August 14, 1947, initially being the 5th largest populous country globally. It comprised two sections: West Pakistan and East Pakistan. Following the 1971 war with India, East Pakistan became Bangladesh. Currently, Pakistan's pop...

# Introduction to Pakistan Economy Pakistan gained independence on August 14, 1947, initially being the 5th largest populous country globally. It comprised two sections: West Pakistan and East Pakistan. Following the 1971 war with India, East Pakistan became Bangladesh. Currently, Pakistan's population is approximately 224.78 million. It covers approximately 60 million hectares, with only one-third of its land area being cultivable. The country is divided into four provinces (Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan), along with Gilgit-Baltistan, FATA, and Northern areas, all overseen by the federal administration. Pakistan has experienced economic fluctuations throughout its 74-year history. Political instability has contributed to sustained economic challenges, including unemployment, energy crises, inflation, poverty, underdeveloped infrastructure, overpopulation, debt, and a shortage of essential resources. **Economic Survey 2021-22 Highlights:** 1. **GDP Growth Rate:** 6% 2. **Agricultural Sector Growth:** 4.40% 3. **Industrial Sector Growth:** 7.2% 4. **Services Sector Growth:** 6.19% 5. **Product Sector Growth:** 5.66% 6. **Total Population:** 224.78 million (growing at 2% annually) 7. **Per Capita Income:** $1798 8. **National Savings:** 11.1% of GDP 9. **Total Investment:** 15.1% of GDP 10. **Literacy Rate:** 62.8% 11. **Total Labor Force:** 71.76 million 12. **Employed:** 67.25 million 13. **Unemployed:** 4.51 million *Note:* The share of agriculture, industry, and services sector in GDP are 22.7%, 19.11%, and 58.20%, respectively.