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Economy Of Pakistan

By admin on Friday, 6th November 2009

Pakistan is the world's growing economies. In 2004 the country's gross national income of more than $ 90 million gross domestic product of 96. 1 million U.S. dollars, an increase of 6. 4 percent per year.

It has achieved this from 2004 to 2009. The World Bank (WB) and International Monetary Fund (IMF) and the Asian Development Bank (ADB) to provide long-term financial support for Pakistan. In 2006, Pakistan experienced a nearly 140 billion trade deficit. Trade deficit also increased due to costly oil imports, food, cars and machinery. Pakistan gained independence in 1947. At that time the leading agricultural GDP, 53%. Today, agriculture includes only 1 / 5 of the economy, such as the industrial sector has also evolved. Food and Agriculture Organization, United Nations organizations attest to this fact: Pakistan Supply mango, apricot, citrus, clementines, oranges, rice, dates, chickpeas, cotton, dates, milk, sugar cane and wheat. Pakistan is the world's largest irrigation system, accounting for 25 percent of irrigated cultivation. Agricultural assistance, and 44 per cent of the labor force to use. 60 per cent of the total land area can not be used in agriculture and forestry, urban settlements, the composition or can not be cultivated because it is covered by desert and mountain slopes. Sometimes, these areas can be used for livestock. About 90 percent of irrigation in agricultural production and irrigation systems, the use of major engineering achievement. In the first half, India's gross domestic product, the proportion of service industries: finance, insurance, transportation, communications and storage. The tourism industry has started to live, because the country AHS to provide river sites and tourist attractions as the Himalayan resort. Pakistan's economy including issues such as chemical industry, agriculture, textiles, food processing industry. Pakistan has rich natural and mineral resources: limestone, iron ore, diamonds, marble, salt, gypsum, precious metals, copper, sulfur, coal, refractory clay, graphite, quartz and precious stones. In the Baluchistan province, minerals, oil and gas-rich, yet to explore the full capacity. Pakistan's exports of furniture, textiles, cement, leather, cotton and rice. As for imports, the main contents are: petroleum products, and pharmaceuticals, cars, trucks and transport equipment, computers, machinery, all kinds of electronics, toys, steel, aircraft, electronics, computer parts and equipment. Pakistan's most important trading partner is the United States, China, Japan and the European Union.

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