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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]
March 7, 2006 Focus on reducing poverty, creating jobs: Musharraf: ‘Pakistan not in arms race’: President Gen Pervez Musharraf has said Pakistan is focused on improving its economy and alleviating poverty and eradicating terrorism from its soil and is not interested in joining a "numerical arms race" with India. [9] March 8, 2006
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates .
In Pakistan, SMEs have a significant contribution to the total GDP of Pakistan. According to SMEDA and Economic survey reports, the share in the annual GDP is 40%, with SMEs generating significant employment opportunities for skilled workers and entrepreneurs. Small and medium-scale firms represent nearly 90% of all enterprises in Pakistan and ...
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
Pakistan's industrial sector (in FY21) accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports.
Country/Economy Total GDP (USD$) Agricultural (%) Industrial (%) Service (%) Agricultural (USD$) Industrial (USD$) Service (USD$) – World 104,480
Its large-scale manufacturing sector grew at a rate of over 18%. Hard-currency reserves, having grown phenomenally in recent years, reached record levels. GDP growth reached 8.4% in the twelve months ending June 30, 2004. Pakistan's stock market has been one of the best-performing stock markets this century, as of 2005.