[146] According to Pakistan Startup report, there are about 1 million freelancers working from Pakistan mainly via Elance, Upwork, Fiverr, Guru, and freelancer – world's famous online marketplaces that count Pakistan among top 5 freelancing nations. Moreover, English is fast spreading in Pakistan, with 18 million Pakistanis[212] (11% of the population)[212] having a command over the English language, which makes it the 3rd Largest English Speaking Nation in the world and the 2nd largest in Asia. Join your colleagues in participating in this On the basis of previous estimates of GDP at Rs 33,509 billion, the fiscal deficit was recorded at 3.7 percent during first nine months of current fiscal year against 3.4 percent registered in the comparable period of FY 2016.

Funding in science and education has been a primary policy of the Government of Pakistan, since 1947.

[210] Despite this milestone achievement, the Foreign investment had significantly declined by 2010, dropping by ~54.6% due to Pakistan's military operations, financial crises, law and order situation in Karachi, according to the Bank of Pakistan. As of 2017[update], according to Wall Street Journal, citing estimates largely based on income and the purchase of consumption goods, had suggested that as many as 42% of Pakistan's population may now belong to the upper and middle classes. Public External Debt = Government External Debt + Debt from IMF (Foreign Exchange Liabilities are not included), Total External Debt = Public External Debt + Public Sector Enterprises + Banks + Private Sector + Debt Liabilities to Direct Investors. Please update this article to reflect recent events or newly available information. [172], The Pakistan Bureau of Statistics provisionally valued this sector at Rs.459,829 million in 2012 thus registering over 149% growth since 2006.[169]. Average annual real GDP growth rates[67] were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. The wholesale and retail trade sector is based on the margins taken by traders on the transaction of commodities traded. The remittances of Pakistanis living abroad has played important role in Pakistan's economy and foreign exchange reserves. Pakistan is endowed with significant mineral resources and is emerging as a very promising area for prospecting/exploration for mineral deposits.

[129] Manufacturing is the largest of Pakistan's industrial sectors, accounting for approximately 12.13% of GDP. [107] In the fiscal year 2018, the stock market showed a negative growth of 7.1% over the last fiscal year and stood at 47000 points at average.[40]. The foreign exchange receipts from these sales are also helping cover the current account deficit.

[191] In November 2008, the International Monetary Fund (IMF) has approved a loan of 7.6 billion to Pakistan, to help stabilise and rebuild the country's economy. Additional 57.6% shares of Lakson Tobacco Company acquired by, Revenues collection estimated: 4,713.7 billion rupees, Expenditures estimated: 5,103.8 billion rupees, Bank borrowing estimated: 390.1 billion rupees.

For all solutions offered by As a result, the rupee devalued by 38.5% between 1982/83 many of the industries built by his predecessor suffered with a huge surge in import costs. During FY 2018 Pakistan's exports picked up and reached to US$24.8 billion showing a growth of 12.6 percent over previous year FY 2017. Paging and mobile (cellular) telephones were adopted early and freely. Prime Minister’s Youth Program includes six schemes which are Prime Minister’s Youth Business Loan Scheme, Prime Minister’s Interest Free Loan Scheme, Prime Minister’s Youth Skill Development Program, Prime Minister’s Program for Provision of Laptops to Talented Students, Prime Minister’s Fee Reimbursement Scheme,Prime Minister’s Youth Training Scheme".

Historical data suggest strong correlation between Pakistani exports to imports in OECD and China. Elsewhere, "workers involved in the creation of trade unions are victims of violence, intimidation, threats or dismissals". Our website uses cookies to improve your online experience. Remittances sent home by overseas Pakistani workers have seen a negative growth of 3.0% in the fiscal year 2017 compare to previous year when remittances reached at all-time high of 19.9 billion US dollars. provide long-term loans to Pakistan. "Privatisation process: Govt to sell assets in sole offering", "Foreign currency reserves cross $10b mark", "Outlook stable: S&P affirms Pakistan's ratings at 'B-/B, "These are the '10 emerging markets of the future, "Pakistan growth to hit eight-year low as IMF bailout looms", "Pakistan shows highest economic growth in eight years: The situation of current account imbalance was successfully handled through the investment from gulf countries and increase in foreign remittances: Fiscal deficit target set at 3.8 percent – Pakistan Revenue", "Pakistan's performance improves, budget deficit at 1.7% – The Express Tribune", "Budget deficit widens to record Rs2.26tr in FY18", "Pakistan's credit profile reflects domestic and external challenges", "Pak GDP in terms of purchasing power parity crosses $1 trillion", "XE: USD / PKR Currency Chart. A new rail link trial has been established from Islamabad to Istanbul, via the Iranian cities of Zahedan, Kerman and Tehran. However, in subsequent years exports have declined considerably.

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