Pakistan Economy, Economy of Pakistan

The economy of Pakistan is largely dependent on agriculture. More than fifty percent of the population are engaged in the agricultural sector of Pakistan. Major agricultural products include wheat, rice, cotton, sugarcane, and tobacco. Textile industry play a major role behind the growth of the Pakistan economy. Textile industry accounts for major portion of foreign exchange revenue in Pakistan. The other industrial sectors contributing to Pakistan's economy are oil refining, metal processing, cement and fertilizer production.

Industries in Pakistan are mainly based on textiles, minerals, food processing, construction, pharmaceuticals, paper products, fertilizer, and shrimp. Some of the major mineral resources are iron ore, copper, coal, limestone etc. Pakistan is rich in natural gas reserves.

Major exports in Pakistan are textiles, rice, chemicals, leather goods, sports goods, manufactures, and carpets. Pakistan imports are based on petroleum, machinery, plastics, transportation equipment, edible oils, iron and steel, tea, paper and paper board.

Leading trading partners are U.S., UAE, U.K. Hong Kong, Kuwait, Japan, China, Germany.

Currency:

The currency of Pakistan is Pakistan Rupee

Currency exchange rate:

1 Pakistan Rupee is equal to 0.01659 US Dollar and 1 US Dollar (USD) is equal to 60.27849 Pakistan Rupee (PKR) as on Tuesday, September 18, 2007.

In 2004, GDP(Gross Domestic Product) - real growth rate: 6.1%

For more information visit the following page:

Pakistan Car Rental	National Bank of Pakistan
Pakistan Currency	State Bank of Pakistan
Pakistan Real Estate