How is economic changes in Pakistan?

MARKET OF PAKISTAN

Pakistan's GDP growth rates have seen a steady increase over the past five years

Marketing in Pakistan Market

If you want to trade in the Pakistan Market, please join in Anbar Asia. Your order will be shown here, so the traders of Pakistan contact you

Register your order as:
Buyer Seller
Your Email:
Phone Number With Country Code:

In which field do you want to trade?

  • Chemicals
  • Construction Materials
  • Gemstones
  • Metals
  • Minerals
  • Natural Stones
  • Petrochemicals
  • Petroleum
In which field do you want to trade?
  • Chemicals
  • Construction Materials
  • Gemstones
  • Metals
  • Minerals
  • Natural Stones
  • Petrochemicals
  • Petroleum

Which country do you want to trade with?

  • Afghanistan
  • Armenia
  • Azerbaijan
  • Bahrain
  • Egypt
  • Georgia
  • Iran
  • Iraq
  • Israel
  • Jordan
  • Kuwait
  • Lebanon
  • Oman
  • Pakistan
  • Palestine
  • Qatar
  • Saudi Arabia
  • Syria
  • Turkey
  • United Arab Emirates
  • Yemen
Which country do you want to trade with?
  • Pakistan
Pakistan's GDP growth rates have seen a steady increase over the past five years

Extensive economic changes have recently led to stronger economies and accelerated growth rates, especially in the manufacturing and financial services sectors. We have also seen great improvements in the foreign exchange position and rapid growth in fixed currency resources in recent years. Foreign debt in 2005 was estimated at $ 40 billion. However, this debt has been reduced with the help of the International Monetary Fund and debt forgiveness from the United States. GDP in 2005 was estimated at $ 405 billion, and its per capita GDP was $ 2,400.

Pakistan's GDP growth rates have seen a steady increase over the past five years. In 2001, the country's GDP growth rate was 1.8, but in the fiscal year ending June 30, 2005, the nominal GDP growth rate reached about 8.4. This made Pakistan the second most populous country in the world after China. However, inflationary pressures and lower reserves, as well as other economic factors, make it difficult to maintain growth.

The growth of non-agricultural sectors has changed the structure of the economy, and now the economy accounts for only 20% of GDP. The service sector accounts for about 53% of the country's GDP, of which the major and minor trade of the country is about 30%. Recently, the Karachi Stock Exchange has peaked along with other emerging markets around the world. Huge amounts of foreign investment have been used in many industries. However, the per capita stock market is still telecommunications, software, automobiles, textiles, cement, fertilizers, steel, and shipbuilding.

Another important industry that has been denied access in the past is aerospace. Various artillery brigades in the army have already helped expand Pakistan's military ammunition. There are rumors of possible public or private involvement in future missile programs that could be linked to Pakistan's space program; because the country's current capabilities include short-range ballistic missiles and research on intercontinental ballistic missiles. A structural approach to utilizing these aerospace capabilities may lead to a faster Pakistani economy, as the aviation industry has already seen significant growth in recent years, with the presence of several airlines.

Other important industries in Sialkot include pipe making, leather, clothing, music equipment, surgery and dentistry, sports equipment including martial arts clothing, gloves, medals, chairs, canes, cutlery, hunting knives, air rifles, and shotguns. Exports of these industries generate billions of dollars in foreign exchange earnings annually for Sialkot. Part of Pakistan's auto parts industry is also active in Sialkot. In addition, sectors such as the production of wooden and Steel sofas, rubber products, cooking utensils, bicycles, tires, and bicycle tubes and shoes are also present in Sialkot.

Another important industry that has been denied access in the past is aerospace. Various artillery brigades in the army have already helped expand Pakistan's military ammunition. There are rumors of possible public or private involvement in future missile programs that could be linked to Pakistan's space program; because the country's current capabilities include short-range ballistic missiles and research on intercontinental ballistic missiles. A structural approach to utilizing these aerospace capabilities may lead to faster economic growth in Pakistan, as the aviation industry has already seen significant growth in recent years, with the presence of several airlines.

If you find this article is useful for others, share it to your friends in social media!
Feedbacks
Was this helpful?
Comment
Still have a question?
Get fast answers from asian traders who know.