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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 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
Although Pakistan didn't officially launch a First Five-Year Plan, it embarked on various development initiatives during this period. The key focus areas included agriculture, industries, and infrastructure development. At the time of partition of British India by the United Kingdom, Pakistan was a relatively under-developed country. [6]
The Seventh Five-Year Plans for National Economy of Pakistan, otherwise known as Seventh Plan, [1] were a set of a highly centralized and planned economic development targets designed for the improvement of the standard of living, and overall strengthening of gross domestic product (GDP) growth in Pakistan, between the period of 1988 until its termination in 1993.
Pakistan Vision 2025 is a set of goals for social, economic, security, and governance developments outlined by the government of the Islamic Republic of Pakistan to be achieved by 2025. The overall goal is for Pakistan to become an upper-middle income country by 2025 and to eventually become one of the top ten economies in the world by 2047 ...
Natural gas production is at a relatively high level and remaining reserves are estimated to be about 885.3 billion cu m (1 January 2009 est.). Pakistan's gas fields are only expected to last for about another 20 years at the most due to heavy industrial usage. [10] [11] The Sui gas field is the biggest natural gas field in Pakistan.
Pakistan's economy was quickly revitalized under Ayub Khan, with economic growth averaging 5.82 percent during his eleven years in office from 27 October 1958 to 25 March 1969. Manufacturing growth in Pakistan during this time was 8.51 percent, far outpacing any other time in Pakistani history.
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Pakistan's industrial sector (in FY21) accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%.