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In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 43rd largest in terms of nominal GDP. With a population of 254.4 million people as of 2024, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million. According to Bloomberg, Pakistan's stock became the "world’s best performer", increasing 73% in the past 12-months. Treasury Bill yields became some of Asia's highest, while foreign reserves rose to a two-year high. [73]
Pakistan's total exports to Nepal are worth US$1.631 million while Nepal's exports to Pakistan tally US$3.166 million. [373] Both countries have recently [when?] stepped up efforts to promote bilateral trade, especially in textiles, oilseeds, extraction of oil and tourism; Pakistan also offered a US$5 million line of credit to Nepal.
Textiles are the back of Pakistan's manufacturing base, contributing $15.4b to exports, making up 56% of total exports, and employing 40% of the labor force. Pakistan is the 8th largest exporter of textiles in Asia, and the 4th largest producer of cotton in the world.
In 2011, Pakistan's exports of stones, marble, granites to China doubled due to effective marketing strategies developed by TDAP. [4]On a regular basis, TDAP facilitates and encourages Pakistani business community to exhibit their products at all major trade shows in Pakistan including at Karachi Expo Centre and Lahore Expo Center.
Textiles comprise 57% of Pakistan's export revenues. However, in recent years, textile exports have declined significantly. Textile exports were recorded at $11.625 billion in 2014-2015. In 2015-2016, this number had dropped 7.7% to $10.395 billion. [10]
Pakistan’s rice exports grew 57 percent during financial year 2009–10. In 2009, REAP exported basmati rice at an average price of $825 per ton, down 33 percent compared with $1,102 per ton the preceding year. In 2010, Pakistan was exporting rice to 109 countries of the world. [3]