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The economy of Pakistan is categorized as a developing economy. ... Large Scale Manufacturing is the fastest-growing sector in the Pakistani economy. [75]
During the government of Pakistan Tehreek-e-Insaf (PTI) increasing double-digit inflation led to growing political issues and deteriorating economic conditions. [ 22 ] [ 23 ] During the PTI period, Pakistan's total debt and liabilities increased by 80% while during three quarters of Fiscal Year 2021-22 the trade deficit rose 70% to $35.4 ...
The figures are from the International Monetary Fund (IMF) World Economic Outlook Database, unless otherwise specified. [1] This list is not to be confused with the list of countries by real GDP per capita growth, which is the percentage change of GDP per person recalculated according to the changing number of the population of the country.
Punjab has the largest economy in Pakistan, contributing most to the national GDP. 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 the fastest-growing major economy in the world and one of the world's fastest registering a growth of 7.2% in FY 2022-23. ... Pakistan has an economy of ...
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.
Agriculture is considered the backbone of Pakistan's economy, which relies heavily on its major crops. [1] Pakistan's principal natural resources are arable land and water. Agriculture accounts for about 18.9% [2] of Pakistan's GDP and employs about 42.3% of the labour force. The most agricultural province is Punjab where wheat & cotton are the ...
The Pakistan Economic Survey is an annual report on the performance of the economy, focusing in particular on major macroeconomic indicators. Finance Minister Shaukat Tarin briefed on 10 June 2021, the Pakistan Economic Survey 2020-21 at a press conference in Islamabad on Thursday, revealing that the industrial and services sectors had helped the economy rebound and post GDP growth of 3.94 per ...