Pakistan Economy

Pakistan Economy

Pakistan, with its diverse cultures and people, achieved a name in sports, science and natural beauty.  It is the world’s 24th-largest economy in terms of GDP, having economic freedom score of 48.8 and making its economy the 153rd freest in the year 2022.

Despite lack of resources,  have primary export commodities including rice, cotton, fish, fruits (especially Oranges and Mangoes), wheat, vegetables and vegetable oil, pulses, consumer foods, textiles, sports equipment, rugs,  leather goods, carpets and chemicals.

It is ranked 34th among 39 countries in the Asia–Pacific region. It ranks 130th in the world by tourist income. 

With a semi-industrial economy, Its supply against the electricity demand has remained a largely unresolved matter. The primary sources of primary energy supplies are Hydroelectric, Coal, Gas, Oil and imported LNG.

According to the reports at the end of  2020, half of the economy’s contribution to GDP came from the services sector, 23.13 percent from agriculture and  industry shares 17.72 percent of the GDP of Pakistan,

Pakistan has the potential to quadruple its textile export, and the mobile telephone market has exploded many-fold since 2003.

Here are some world rankings in the different economic aspects of life where Pakistan stands.

S No

Field Name

World Ranking

Report Year

1

Foot Balls Production

1

2021

2

Surgical Instrument Manufacturing

1

2022

3

Buffalo Stock

2

2021

4

Meat (Buffalo)

2

2021

5

Donkey Stock

3

2020

6

Meat (Goat) Production

3

2020

7

Milk Production

3

2021

8

Broadband Internet growth

2

2022

9

Goat Stock

4

2020

10

Largest Textile Producing Country

4

2020

11

Chicken Stock

5

2021

12

Chickpea Production

5

2020

13

Cotton Producing

5

2020

14

Guava Production

5

2021

15

Sugarcane Production

5

2021

16

Mango Production

5

2021

17

Dates Production

6

2020

18

Onion Production

6

2021

19

Leather Exporter

8

2020

20

Mobile Phones Users

8

2021

21

Wheat Production

8

2020

22

Okra Production

6

2021

23

Camels  Stock

9

2020

24

Rice Production

9

2021

25

Textile Exporter

9

2021

26

Pulses Production

11

2021

27

Number of Internet Users

14

2022

28

Cement Production

17

2022

29

Electricity Production

32

2022

30

Telephone Lines

50

2021

31

Internet Hosts

57

2021

According to different surveys,  let me share a few economical  acts about Pakistan.

S No

Facts

1

largest Canal-based irrigation system in the world

2

4th largest Irrigated Land Area in the world

3

The world’s youngest Microsoft Expert is from Pakistan, and she was certified at just five years old

4

Has the only fertile desert in the world 

5

Fourth-most intelligent people in the world

6

PIA Capt. Abdullah Baig & Co-Pilot Capt. Taimoor Baig broke the world record (still unbeaten) for the fastest flight from London to Karachi in time 6h 43m 55s on Boeing 720B Reg. AP-AMG

7

Khewra Salt Mine’ the second largest and oldest salt mine

8

Tarbela Dam, The largest earth-filled dam (and fifth largest by structural volume)

9

The Changa Manga, world’s largest man-made forest

10

Gwadar Port,  largest deep sea port

11

The largest producer of football

12

Tarparkar Desert, is the only fertile desert

13

Karakoram Highway,  is the world’s highest paved international road

14

Highest ATM (automated teller machine), operated by the National Bank of Pakistan and  is installed at a height of 16,007 feet above sea level, at the Pak-China border, Khunjerab Pass

15

Gaddani, world’s third-largest ship breaking yard

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