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Economy of Pakistan

Pakistan is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Pakistan may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Pakistan exports around $25.05 billion and imports roughly $39.27 billion. 4% of population in the country are unemployed. The total number of unemployed people in Pakistan is 8,032,553. In Pakistan, 29.5% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Pakistan is fairly high, but is not reason for complete concern with regard to investments. Potential financial backers should look at other economic markers, including GDP, urbanization rate, and strength of currency, before making any decisions regarding investments. Government expenditure on education is 2.7% of GDP. The Gini Index of the country is 29.6. Pakistan is experiencing high equality. Differences in income among citizens are only mildly significant. Pakistan has a Human Development Index (HDI) of 0.537. Pakistan has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Pakistan is 3.049. The strength of legal rights index for Pakistan is 3. Overall, it is considered to be rather inadequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient.


The currency of Pakistan is Pakistani rupee. The plural form of the word Pakistani rupee is rupees. The symbol used for this currency is ₨, and it is abbreviated as PKR. The Pakistani rupee is divided into Paisa; there are 100 in one rupee.

Credit rating

The depth of credit information index for Pakistan is 3, which means that information is usually insufficient, although still able to provide a certain degree of clarity; accesibility is still a major problem. According to the S&P credit-rating agency, Pakistan has a credit rating score of B-, and the prospects of this rating are positive. According to the Fitch credit-rating agency, Pakistan has a credit rating score of B, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Pakistan has a credit rating score of B3, and the prospects of this rating are stable.

Central bank

In Pakistan, the institution that manages the state's currency, money supply, and interest rates is called State Bank of Pakistan. Locally, the central bank of Pakistan is called بینک دولت پاکستان. The average deposit interest rate offered by local banks in Pakistan is 7.3%.

Public debt

Pakistan has a government debt of 26.8% of the country's Gross Domestic Product (GDP), as assessed in 2012.

Tax information

The corporate tax in Pakistan is set at 35%. Personal income tax ranges from 7.5% to 35%, depending on your specific situation and income level. VAT in Pakistan is 17%, and it is known as Sales Tax.


The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Pakistan is $884231 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Pakistan was last recorded at $4 million. PPP in Pakistan is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Pakistan is 225,419 billion. Based on this statistic, Pakistan is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Pakistan. The Gross Domestic Product (GDP) per capita in Pakistan was last recorded at $1 million. The average citizen in Pakistan has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Pakistan averaged 4.1% in 2014. According to this percentage, Pakistan is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well. To read more about financial information click on finances of Pakistan.


Major industries in the country are textiles and apparel, food processing, pharmaceuticals, construction materials, paper products, fertilizer, shrimp. The total labor force of Pakistan is 69,958,170 people, wherein 4% of population in the country are unemployed. The total number of unemployed people in Pakistan is 8,032,553. The Industrial Production growth rate of Pakistan is 4.9%.To read more about industrial information within Pakistan click on industry of Pakistan.


There are 190319 km2 of arable land in Pakistan, and it comprises 21% of the country's total territory. There are 196860 km2 of cultivated land in Pakistan. The country's major agricultural crops and products are cotton, wheat, rice, sugarcane, fruits, vegetables, milk, beef, mutton, eggs.To read more about agriculture click on agriculture of Pakistan.