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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 ...
Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [2] It is featured well within the list of country subdivisions with a GDP (PPP) over $200 billion. Sindh's GDP is to a large extent influenced by the economy of Karachi.
Economic aid to Pakistan was further increased by the United States through the consortium companies. [33] West Pakistan's high rate of economic growth during this time period brought wide regard to Pakistan as a model of successful implementation of capitalism in a developing country; in 1964, GDP growth was 9.38%. [33]
Chinese officials blamed the West for Pakistan’s economic crisis, [104] and state media continues to talk about the strengths of the China-Pakistan Economic Corridor. [105] “Only China has given a full plan. From this perspective, it is the Western world that ‘abandoned’ Pakistan, and China is the one that extended a helping hand.
Overall, Pakistan has maintained a fairly healthy and functional economy in the face of several wars, changing demographics, and transfers of power between civilian and military regimes, growing at an impressive rate of 6 percent per annum in the first four decades of its existence.
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.
Overall, the economic growth data over the past month hasn't swayed markets on what the Fed will do in November, with traders currently pricing in a 95% chance the central bank lowers interest ...
Poor wages and working conditions convinced Punjabi workers to pool their resources, lease land, and grow their own crops, thereby establishing themselves in the newly budding farming economy of northern California. [50] Many people from modern Pakistan migrated and settled in Malaysia, which was also part of the British Empire.