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Much of Pakistan's agriculture output is utilized by the country's growing processed-food industry. The value of processed retail food sales has grown 12% p.a. during the Nineties, & was estimated at over $1 billion in 2000, although supermarkets accounted for just over 10% of the outlets.
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 ]
In June 2023, the Pakistani government unveiled an "Economic Revival Plan" according to which, plans on investments in key areas of production such as on agriculture, mining, Information Technology, defence and the energy sector were discussed. [58] PM Shehbaz Sharif also lauded China for assisting his country in the current economic crisis. [59]
Despite these challenges, Pakistan managed to sustain an agricultural growth rate of 4.4% per annum and a large-scale manufacturing growth rate of 4.8% per annum throughout the 1990s. However, the era witnessed a significant increase in poverty incidence, reaching 30.6% in 1998–99.
Pakistan is facing a significant challenge as its natural resources and ecosystems encounter increasing pollution and strain. The foremost environmental concerns in the country revolve around the excessive use of limited natural resources, contamination of air and water, diminishing energy reserves, the reduction of forests, and the management ...
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.
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 Agriculture Department is a department of the Government of Punjab, Pakistan. It is responsible for legislation, policy formulation, and development of agriculture sector in Punjab. It is responsible for legislation, policy formulation, and development of agriculture sector in Punjab.