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Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
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]
Upon taking office, Mirza found the Karachi Stock Exchange characterized by extensive market manipulation and unethical practices. [13] Despite a market capitalization of only $6 billion, it exhibited extreme volatility and high turnover, with trading concentrated in just 30 of the 765 listed stocks. [13]
Dawn News: 25 May 2007 Karachi [13] Dunya News: 1 December 2008 Lahore [14] Express News: 1 January 2008 Karachi [15] Geo News: May 2002 [16] GNN: 14 August 2018 [17] GTV Network 30 August 2018 [18] Hum News: 11 May 2018 Islamabad [19] Indus News: English: November 2018 Lahore [20] KTN News: Sindhi, Urdu: October 2007 Karachi: Khyber News ...
In 2004, Pakistan Petroleum was listed on the Karachi Stock Exchange, following an initial public offering at PKR 55 per share. [4] In 2012, Pakistan Petroleum acquired MND operations in Pakistan for $180 million. [5] Later, it was unearthened that Pakistan Petroleum paid twice the market value and this resulted in the loss of PKR 6.21 billion. [6]
Pakistan heavily depends on imported oil, and when global crude oil prices rise, it exerts an adverse influence on the regional economy. [ 1 ] Though the province remains largely underdeveloped, there are currently several major development projects in progress in Balochistan, including the construction of a new deep sea port at the ...
Per capita GNP growth rate from 1985 to 1995 was only 1.2 percent per annum, substantially lower than India (3.2), Bangladesh (2.1), and Sri Lanka (2.6). [2] The inflation rate in Pakistan has averaged 7.99 percent from 1957 until 2015, reaching an all-time high of 37.81 percent in December 1973 and a record low of -10.32 percent in February 1959.
The News Agency of Nigeria (NAN) is a news reporting agency owned and run by the Federal Government of Nigeria just like Nigerian Television Authority. [1] NAN was formed in part to disseminate news easily across the country and to the international community and also as a means to counter negative stories about Nigeria.