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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 ]
The administrative units of Pakistan comprise four provinces, one federal territory, and two disputed territories: the provinces of Punjab, Sindh, Khyber Pakhtunkhwa, and Balochistan; the Islamabad Capital Territory; and the administrative territories [Note 1] of Azad Jammu and Kashmir and Gilgit–Baltistan.
Around 6.5 million Muslims moved from India to West Pakistan and 4.7 million Hindus and Sikhs moved from West Pakistan to India. [107] It was the largest mass migration in human history. [108] A subsequent dispute over the princely state of Jammu and Kashmir eventually sparked the Indo-Pakistani War of 1947–1948. [109]
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. [1] [2]
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 43rd largest in terms of nominal GDP. With a population of 254.4 million people as of 2024, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
The Rashakai Special Economic Zone (Rashakai SEZ) is a key initiative within the China-Pakistan Economic Corridor (CPEC) framework. Positioned in Rashakai, Nowshera, Khyber Pakhtunkhwa, it stands as one of the nine special economic zones planned for establishment between 2017 and 2030 as part of the CPEC initiative. Covering an area of around ...
The plans were drafted by the Finance minister Malick Ghoulam [1] to Prime minister Liaquat Ali Khan who initially backed the programme, in 1948. [2] At the time of independence of British India by the United Kingdom, Pakistan was an underdeveloped country, relatively standing with Asian countries with distressful economic situations. [3]
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%).