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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 ...
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]
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.
Chinese officials blamed the West for Pakistan’s economic crisis, [102] and state media continues to talk about the strengths of the China-Pakistan Economic Corridor. [103] “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.
The Human Development Index (HDI) is a composite statistic used to rank some area by level of "human development" and separate developed (Very High development), developing (High and Medium development), and underdeveloped (Low development) areas.
The Eighth Five-Year Plans for National Economy of Pakistan (or simply regarded as Eighth Five-Year Plans) was a set of a centralized and planned economic goals and targets designed to strengthen the economic development and performance of Pakistan between 1993 and 1998. [1] [2]
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English speaking population: 3/133: List of countries by English-speaking population: 211.8 million Human Development Index: 154/189: United Nations Development Programme [6] Quality-of-life index: 93/111: Economist Intelligence Unit: Literacy rate: 62.8% World Bank [7] 82.5% youth literacy rate (population 15–24 years both genders ...