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Downtown Islamabad. Islamabad is the capital of Pakistan and a net contributor to the Pakistani economy. Whilst having only 0.8% of the country's population, it contributes 1% to the country's GDP. [1] The Islamabad Stock Exchange, founded in 1989, is Pakistan's third largest stock exchange after Karachi Stock Exchange and Lahore Stock Exchange ...
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
Islamabad contributes 1% to the gross domestic product of the nation, despite comprising only 0.8% of the total population. [9] Islamabad Stock Exchange was founded in 1989 and is the third-ranked stock exchange in Pakistan after the Karachi Stock Exchange and Lahore Stock Exchange. [10]
In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%. Manufacturing contributed 7.8% to the GDP, while services, trade, and other sectors accounted for a significant 39%, reflecting a policy centered around import-substituting industrialization .
Islamabad has the highest literacy rate in Pakistan, at 88%. [77] 9.8% of the population has done intermediate education (equivalent to grades 11 and 12). 10.26% have a bachelor or equivalent degree while 5.2% have a master or equivalent degree. [78] The labour force of Islamabad is 185,213 [79] and the unemployment rate is 15.70%. [80]
[4] [5] PSX was classified by MSCI as a frontier market on 8 September 2021. [6] Pakistan Stock Exchange was founded in 1947 as Karachi Stock Exchange, In January 2016, Karachi Stock Exchange was renamed as Pakistan Stock Exchange after the merger of the Lahore Stock Exchange and Islamabad Stock Exchange. [7]
The State Bank of Pakistan then stabilized the exchange rate by lowering interest rates and buying dollars, to preserve the country's export competitiveness. 2008 was termed a disastrous year for the rupee after the elections: between December 2007 and August 2008, it lost 23% of its value, falling to a record low of Rs.79/ 20 against the US ...
F-5, Islamabad; F-6, Islamabad; F-7 (Urdu: حلقہ ف ٧) is a sector of Islamabad.The sector is located at the foothills of Margalla Hills of Islamabad. It is well known for its markaz/commercial area named "Jinnah Super Market" which is one of the most recognized and iconic shopping areas of Islamabad.