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Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).
To assist the real-estate sector, the Government of Pakistan announced a reduction in interest rates on mortgage loans in 2012. [1] [2] In 2017, the housing gap in Punjab, one of the largest provinces of Pakistan, was around 2.3 million units, this figure is expected to reach the figure of 11.3 million units by the end of 2047. [3]
The Provincial Assembly of Punjab established the Lahore Development Authority under the LDA Act of 1975. It had previously been called the "Lahore Improvement Trust". On 9 May 2013, five days after International Firefighters' Day, the LDA Plaza building in central Lahore caught fire, killing 25 people. The fire started on the seventh floor ...
Software development is the process of designing and implementing a software solution to satisfy a user.The process is more encompassing than programming, writing code, in that it includes conceiving the goal, evaluating feasibility, analyzing requirements, design, testing and release.
The Lahore Stock Exchange (LSE) was established in October 1970, under the Securities and Exchange Ordinance, 1969 by the Government of Pakistan in response to the needs for the provincial capital of Punjab. [2] It initially had 83 companies listed and was headquartered at Bank Square in Lahore. The number of listed companies increased to 519 ...
An estimated 200,000 people lived in Lahore at this time. [99] Lahore's posh Model Town was established as a "garden town" suburb in 1921, while Krishan Nagar locality was laid in the 1930s near The Mall and Walled City. The Mall, Lahore's pre-independence commercial core, features many examples of colonial architecture.
Poverty in Pakistan has been recorded by the World Bank at 18.7-25.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2024–25. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [2] set at Rs.
It was established in 1994 as the Pakistan School of Fashion Design (PSF) by the Trade Development Authority of Pakistan, a department within the Ministry of Commerce. The close collaboration among the textile industry , Erasmus+ , Commonwealth Association, and business and arts communities is intended to foster multi-disciplinary education and ...