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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
Despite challenges, Pakistan achieved an impressive average annual GDP growth rate of 6.7% throughout the 1960s. In the fiscal year 1969–70, the poverty incidence rate decreased to 46%. Per Capita GNP was Rs. 504 in West Pakistan and Rs. 314 in East Pakistan, indicating a widening regional economic disparity. [45]
According to the Pakistan Economic Survey 2023–24, the installed electricity generation capacity reached 42,131 MW in March 2024.For FY2024 , total electricity generation stood at 92,091 GWh against a demand of 68,559 GWh for the same period [10] The electricity transmission network, currently, has the capacity to handle more than 53,000 MVA.
Pakistan's economy in the 1990s suffered from poor governance and low growth as it alternated between the Pakistan Peoples Party under Benazir Bhutto and the Pakistan Muslim League (N) led by Nawaz Sharif. The GDP growth rate sank to 4 percent and Pakistan faced persistent fiscal and external deficits, triggering a debt crisis.
This category has the following 2 subcategories, out of 2 total. Electric power transmission infrastructure in Pakistan (1 P) Electric power transmission system operators in Pakistan (1 P)
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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]