Pakistan

Pakistan

Pakistan

General Info

Official Name Islamic Republic of Pakistan
Area 796,095 sq km
Arable as % of Total Land 25
Population 156.8m
Main Cities Islamabad (capital), Karachi, Lahore, Faisalabad
Climate Subtropical, cold in highlands
Language Urdu
Measures Imperial system, changing to metric.
Currency Rupee
Time GMT+5
Weekends Thursday, Friday
Main Harbours Karachi, Port Qasim
Main Airports Karachi, Lahore, Peshawar, Quetta, Rawalpindi

Location and Geography:

Pakistan is situated at the crossroads of the Middle East and South Asia. It is bordered by Iran and Afghanistan in the West, China in the North-east, India in the East, and the Indian Ocean in the South. There are six major regions: the North High Mountainous Region, the West Low Mountainous Region, the Balochistan Plateau, the Potohar Uplands, the Punjab and the Sindh Plains. As the country is located on a great landmass in the North of the Tropic of Cancer, it has a continental type of climate characterised by extreme variations of temperature, both seasonally and daily. Very high altitudes moderate the climate in the snow-covered Northern mountains.

II. Economic Indicators

2003 2004 2005 2006 2007
GDP
Nominal GDP (US$bn) 83.3 98.0 109.9 126.8 142.9
Real GDP Growth (%) 4.8 7.4 7.7 6.9 6.4
Origin of GDP (%real change)
Agriculture 4.1 2.4 6.5 1.6 5.0
Industry 4.2 16.3 12.1 5.0 6.8
Services 5.2 5.8 8.5 9.6 8.0
GDP per capita (US$ at PPP) 1,872 2,026 2,153 2,332 2,497
Recorded unemployment (av; %) 8.3 7.7 7.7 7.7 7.5
Prices and financial indicators
Exchange Rates PRs:US$ (end-period) 57.22 59.12 59.83 60.92 61.22
Consumer Prices (end period; % change) 5.4 7.4 8.5 9.4 9.9
Lending interest rate (av; %) 7.6 5.0 8.2 9.9 10.9
Current Account (US$m)
Trade Balance -109 -3,396 -6,340 -9,647 -14,021
Goods:exports fob 11,869 13,297 15,433 17,049 16,305
Goods: imports cif -11,978 -16,693 -21,773 -26,696 -30,326
Services Balance -326 -2,584 -3,830 -4,912 -5,259
Income Balance -2,224 -2,363 -2,514 -3,131 -3,374
Current-account balance 3,573 -817 -3,605 -6,750 -10,325
External Debt (US$m)
Debt stock 35,741 35,547 33,173 35,909 39,229
Debt service paid 3,078 4,266 2,425 2,281 3,761
Interest 848 747 727 854 1,067
Total International Reserves (US$m) 11,674 10,616 10,948 12,816 15,689

III. Trade Figures

a.

2002

2003

2004

2005

2006

Goods:exports fob

11,869

13,297

15,433

17,049

16,305

Goods: imports cif

-11,978

-16,693

-21,773

-26,696

-30,326

Trade Balance

-109

-3,396

-6,340

-9,647

-14,021

Trade Volume

23,847

29,990

37,206

43,745

46,631

b.

Main trading partners % of total 2002 2003 2004 2005 2006
Exports fob
United States

24.4

23.1

23.3

24.8

21.3

United Arap Emirates

8.4

9.4

7.3

7.8

9.2

Afghanistan

2.3

3.4

3.5

6.6

7.8

China

2.4

2.2

2.2

2.7

5.4

Imports cif

China

6.2

7.3

8.4

9.3

15.6

Saudi Arabia

11.7

10.9

11.5

11.1

11.9

United Arab Emirates

11.7

11.2

9.9

10.3

11.0

United States

6.4

6.0

9.6

6.0

7.3

c.

Main composition of trade 2002 2003 2004 2005 2006
Exports fob
Cotton fabrics

1,160

1,360

1,690

1,858

2,092

Cotton yarn & thread

957

940

1,112

1,055

1,373

Rice

461

561

626

930

1,149

Raw cotton

25

49

47

110

67

Total exports incl. others

9,913

11,869

13,297

15,433

17,049

Imports cif

Machines & transport equipment

2,265

2,965

4,086

5,908

8,265

Mineral fuels, etc

2,951

3,187

3,287

4,285

6,867

Chemicals

1,925

2,276

2,763

3,595

4,151

Palm oil

488

675

780

857

834

Total importas incl. others

11,233

11,978

16,693

21,773

26,696

IV. Others

Industry

Main industries of country

Textiles and apparel, food processing, pharmaceuticals, construction materials, paper products, fertilizer, shrimp

Agrıculture

Cotton, wheat, rice, sugarcane, fruits, vegetables; milk, beef, mutton, eggs

Pakistan’s economy relies heavily on agriculture which employs half of the workforce and generates, directly or indirectly, more than half of the export revenues. The main agricultural products are cotton, wheat, rice, sugarcane, fruits, vegetables, milk, beef, and eggs. Husbandry provides both domestically consumed and exported goods such as meat and dairy products, wool for the carpet industry, and hides and skins for the leather industry. Pakistan is one of the major cotton exporters in Asia. Natural resources include land, extensive natural gas reserves, limited crude oil, coal, iron ore, copper, salt and limestone. Coal mining is one of the country’s oldest industries. Major manufacturing industries include textiles, food processing, cement, sugar, electrical appliances, fertilisers, sports equipment and tobacco.