Search results
Results from the WOW.Com Content Network
The economic importance of agriculture has declined since independence, when its share of GDP was ~ 53%. Following the poor harvest of 1993, the government introduced agriculture assistance policies, including increased support prices for many agricultural commodities and expanded availability of agricultural credit.
The agricultural sector played a crucial role, contributing to 99.2% of exports and making up nearly 90% of foreign exchange earnings. Despite possessing significant land and mineral resources in both East and West Pakistan , including natural gas, crude oil, coal, limestone, and marble, Pakistan faced numerous challenges.
Pakistan holds a significant position in the global rice market and is one of the leading rice-producing countries. The rice sector is crucial for the country's economy, providing livelihoods to a substantial portion of the population and contributing substantially to agricultural exports. Pakistan is the world's 10th largest producer of rice.
Being a country that has a largely rural and agriculture-based industry, animal husbandry plays an important role in the economy of Pakistan and is a major source of livelihood for many farmers. Between 30 and 35 million people in Pakistan's current labour force are estimated to be engaged in livestock rearing. [1]
Agriculture and livestock also dominate the Baloch economy. Horticultural development is a fairly recent, yet growing phenomenon. Other important economic sectors include fisheries, mining, manufacturing industries, trade and other services being rendered by public and private sector organizations in the province.
The cotton and textile industries play a dominant role in exports; [14] cotton accounts for 55 percent of the country's export earnings, and Pakistan has a 14% share of the world's cloth exports. [2] The European Union (EU) granted Generalized System of Preferences "Plus" status to Pakistan in 2013, which has promoted textile exports to the EU. [9]
President Biden took a departing jab at Trump, saying that what the president-elect did was a "genuine threat to democracy.". Ahead of the anniversary of the Jan. 6, 2021, riot at the U.S. Capitol ...
Pakistan is an agricultural country and agriculture is a vital sector of Pakistan's economy. About 65% of people live in rural areas and directly or indirectly relate to profession of agriculture. Agriculture in Pakistan accounts 21% of total GDP in the economy.