Our Pakistan is a symbol of diversity in terms of its culture, languages, and geographical area. The economy of Pakistan is the 25th largest in the world in terms of PPT and 41st largest in terms of nominal GDP with a labor force of 72 million people. According to the World Bank, Pakistan’s economic growth will increase by 5.6% due to greater inflow of foreign investment (China-Pakistan Economic Corridor) by the end of 2019. Textile clothing & Gloves Manufacturing are some of the fastest-growing sectors in the Pakistan’s economy. Pakistan has all the right connections with the world’s deepest sea port, connecting to one of the world’s highest roads.
Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the South Asian Free Trade Area agreement, and the China-Pakistan Free Trade Agreement. Pakistan’s exports continue to be dominated by cotton textiles and apparel. Pakistan’s exports for the year 2016-2017 stood at US$ 21.9 Billion. In the past increased more than 100% from $7.5 billion in 1999 to stand at $18 billion in the financial year 2007-2008.
Pakistan exports Textiles, Clothing, Sports Goods, Rice, Mangoes, Furniture, Cotton Fiber, Cement, Tiles, Marble, Cutlery, Surgical Instruments, Electrical Appliances, Software, Carpets, Rugs, Ice Cream, Livestock Meat, Chicken, Powdered Milk, Wheat, Seafood (especially Shrimp/Prawns), Vegetables, Processed food items, Pakistani-assembled Suzuki’s (to Afghanistan and other countries), defense equipment (submarines, tanks, radars), salt, onyx, engineering goods, and many other items.