Economy and Trade

 Economy of Pakistan
 Business Opportunities in Pakistan
 Major Exports

Economy of Pakistan

Pakistan’s economy continues to gain traction as it experiences the longest spell of its strongest growth in years. The outcomes of the recently concluded fiscal year indicate that Pakistan’s upbeat economic momentum remains on track. Economic growth accelerates to 7.0 percent in 2006-07 at the back of robust growth in agriculture, manufacturing and services. Economic growth has been notably stable and resilient. With economic growth at 7.0 percent in 2006-07, Pakistan’s real GDP has grown at an average rate of 7.0 percent per annum during the last five years (2003-07) and over 7.5 percent in the last four year (2004-07) in running. Compared with other emerging economies in Asia, this puts Pakistan as one of the fastest growing economies in the region along with China, India, and Vietnam. The good performance has resulted from a combination of generally sound economic policies, on-going structural reforms and a benign international economic environment. Based on the performance of half-a-decade of strong, stable, resilient and broad-based economic growth it appears that Pakistan’s economy will continue to be a high mean, low
variance economy over the medium-term.

For further details, please visit the website of Ministry of Finance, Government of Pakistan .

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Business Opportunities in Pakistan

5 Key Reasons To Invest In Pakistan.

1. Located in the heart of Asia , Pakistan is the gateway to the energy rich Central Asian States, the financially liquid Gulf States and the economically advanced Far Eastern tigers. This strategic advantage alone makes Pakistan a marketplace teeming with possibilities.
2. Here the people are mostly English proficient, hardworking and intelligent. They have all the potential with lesser costs.
3. Pakistan is one of the fastest growing economies of the world having touched a GDP growth rate of 8.4% in 2005. Today Pakistan has 160 million consumers with an ever growing middle class. Foreign investment has risen sharply from an average of $400 million in the 1990s to over $ 3.5 billion in 2005-06. Fiscal deficit has declined from an average 7% of GDP in the 1990s to around 3% in recent years. And FOREX reserves have increased from $3.22 billion in 2000-1 to $13.14 billion in 2005-6.
4. Current investment policies have been tailor made to suit investor needs. Pakistan 's policy trends have been consistent, with liberalization, de-regulation, Privatization, and facilitation being its foremost cornerstones.
5. The capital markets are being modernized, and reforms have resulted in development of infrastructure in the stock exchanges of the country. The Securities and Exchange Commission has improved the regulatory environment of the stock exchanges, corporate bond market and the leasing sector. Whilst the Central Board of Revenue has facilitated structural reform in tax and tariffs and the State Bank of Pakistan has invigorated the banking sector into high returns on investment.

For further details please visit the website of Board of Investment, Government of Pakistan .

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Major Exports

Pakistan is an exporter of essentially labour intensive and agricultural raw material based manufactures. Highly concentrated on few items namely cotton group, leather group, rice, synthetic textiles and sports goods. The five categories of exports accounted for 80% of the country's total exports. Cotton based manufactures continue to dominate the country's exports portfolio, with around 60 per cent of total manufactured exports.

You may find detailed information about Pakistan's export on the website of Trade Development Authority, Pakistan .

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