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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 ]
Pakistan produces and exports cements to Asia and the Middle East. In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9]
Pages in category "Foreign trade of Pakistan" The following 18 pages are in this category, out of 18 total. This list may not reflect recent changes. ...
In 1952, the four princely states in the southwest formed the Baluchistan States Union. In 1955, the One Unit policy was launched by then- Prime Minister Muhammad Ali Bogra , whereby all the provinces and princely states of the western wing were merged to form the provincial wing of West Pakistan , with Lahore serving as its provincial capital.
Pakistan Institute of Trade and Development, formerly Foreign Trade Institute of Pakistan (FTIP) was created in 1989 to provide specialized trainings to officers of Commerce and Trade Group. In 2009 the institute was restructured and it now acts as policy Think Tank also and training center on International trade. [7]
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. [11] For further information on the types of business entities in this country and their abbreviations, see "Business entities in Pakistan".
Special Economic Zones (SEZs) in Pakistan are areas designated by the government of Pakistan to promote industrial growth and attract investment. In Pakistan, the SEZ Act was established on 13 September 2012, alongside the subsequent notification of SEZ Rules within the same year.
Besides they are posted in Trade Missions Abroad as Trade and Investment Attaches (BS 18), Trade and Investment Counselors (BS 19), Trade Minister/Counsel General (BS 20/21), and Ambassador to the WTO (BS 21). CTG officers negotiate bilateral, multilateral and unilateral trade deals with the trade partners of Pakistan.