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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 ...
The province's share was 60.58% in 2020 to national economy. [2] 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.
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 . [ 2 ]
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
The population constituted 6.85% of Pakistan's total population. This was the largest increase in population in any province of Pakistan during that time period, almost thrice the national increase of 46.9%. [53] [54] [55] Official estimates of Balochistan's population grew from approximately 7.45 million in 2003 to 7.8 million in 2005. [56]
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's economy has quadrupled since 1972. [133] Its share of Pakistan's GDP was 54.7% in 2000 and 59% as of 2010. It is especially dominant in the service and agriculture sectors of Pakistan's economy.
Nadeem’s was Pakistan’s first gold medal since its field hockey team took the top spot at the 1984 games in Los Angeles, and its only medal in 32 years since field hockey nabbed bronze in 1992 ...
The informal economy may constitute up to 36% of Pakistan's total economy, versus 22% of India's economy, and 13% of the Chinese economy. [145] The informal sector employs up to 70% of the city's workforce. [146] In 2018 The Global Metro Monitor Report ranked Karachi's economy as the best performing metropolitan economy in Pakistan. [147]