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In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. As of April 2015, Pakistan's exports stand at US$29 billion. List of trading partners
Pakistan and the United States established relations on 15 August 1947, a day after the independence of Pakistan, when the United States became one of the first nations to recognize the country. The relationship between the two nations has been described as a "roller coaster" characterized by close coordination and lows marked by deep bilateral ...
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It confirmed Karachi’s status as Pakistan’s largest economy, well ahead of the next two biggest cities Lahore and Faisalabad, which had a reported GDP (PPP) in 2008 of $40 billion and $20.5 billion, respectively. [14] Karachi's high GDP is based on its large industrial base, with a high dependency also on the financial services sector.
Imran Ahmed Khan Niazi ( Urdu: عمران احمد خان نیازی , pronounced [ɪmɾaːn ɛɦməd xaːn nɪjaːziː]; born 5 October 1952) is a Pakistani politician and former cricketer who served as the 22nd prime minister of Pakistan from August 2018 until April 2022. He is the founder and former chairman of the political party Pakistan ...
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
According to the World Travel and Tourism Council, the direct contribution of travel and tourism to Pakistan's GDP in 2016 was Rs. 793 billion (equivalent to Rs. 4.0 trillion or US$14 billion in 2021), constituting 2.7% of the total GDP. [8]
Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
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