Honourable President of Pakistan
Honourable Prime Minister of Pakistan
Honorable Advisor to Prime Minister for Commerce and Investment
Official Name: Islamic Republic of Pakistan.
Official Religion: Islam.
Motto: "Faith, Unity, Discipline"
Region: South Asia.
Official Language: Urdu , English
Population: Approx 225.2 million.
Area: 881,913 km2 (340,509 sq mi)
Pakistan, with a total area of more than 881,913 square kilometers, is the 33rd largest country in the world. Its neighboring countries includes Iran, India, China and Afghanistan. Pakistan is also blessed with 1,046 km long coastline along the Arabian sea with three well established sea ports: Karachi port, Bin Qasim Port and Gwadar port.
Pakistan believes in peaceful coexistence and cooperation with the world. It always promotes its interests through cooperation, compliance of international law, treaties and mutual respect. Besides, Pakistan has bilateral arrangement treaty: Trade and Investment Framework Agreement (TIFA), with the United States of America.
Pakistan is a resilient economy, its real GDP, showing positive growth in recent years despite significant challenges like the global recession. With abundant natural resources, huge and mainly young population, growing industrial, agriculture, and services and increasing trade the country is on the path of growth and stabilization.
Pakistan was granted GSP+ status in 2014 and according to European Union it has shown commitment to maintaining ratifications and meeting reporting obligations to the United Nations Treaty Bodies for the 27 UN Conventions. The new Government came to office in August 2018 on an agenda of economic growth, job creation and climate change. The government has shown keen interest in maintaining GSP+ for its economic and trade benefits. It is also interested in GSP+ arrangement as an incentive to sustainable development and good governance. Pakistan is making progress on redefining laws of the protection of women and children rights, protection of transgenders; protection of the environment and taking steps on achieving the UN Sustainable Development Goals.
Pakistan’s efforts to implement the environmental conventions have improved. Climate change is a priority for the Government. With legislative measures largely in place, Pakistan now looks towards strengthening institutions to achieve a sustained level of implementation of conventions. Besides, Pakistan has actively participated in regional initiatives such as SAWEN ( South Asia Wildlife Enforcement Network - a regional initiative of wildlife ). The Ministry of Climate Change and other departments including Forest departments, as well as Pakistan Customs, have improved their vigilance to combat illegal trafficking.
Pakistan remains committed to reducing 20% of its 2030- projected Greenhouse gas ( GHG ) emissions, amounting to 1603 million tonnes of carbon dioxide equivalent. Th Prime Minister of Pakistan is taking special initiatives such as 10 Billion Trees Tsunami Programme, Clean Green Pakistan, the Electric Vehicle Policy, National Parks, and Green jobs to ensure that Pakistan has an eco friendly and green future to pass on to our generations to come.
At the time of independence, Pakistan inherited only 34 industrial units out of 921 industrial units in the subcontinent. They were cotton textile, cigarettes, sugar, rice husking, cotton ginning and flour milling industries; and together they contributed only 7% of GDP and employed a little over 26,000 employees.
Today’s the economy of Pakistan is 22nd largest economy in terms of Purchasing Power Parity. Over the years Pakistan’s Industries flourished. From producing only 7% of GDP, are now contributing to 64% of GDP. Major industries include Cotton textile industry, agriculture, automotive, cement, steel, tobacco, chemicals, machinery and food processing. read more
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. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of occasional droughts on its agricultural production have all contributed to variability in Pakistan's trade deficit. The trade deficit for the fiscal year 2013/14 is $7.743 billion, exports are $10.367 billion in July–November 2013 and imports are $18.110 billion.
Pakistan's exports continue to be dominated by men power export in the subcontinent,cotton textiles and apparel. Imports include petroleum and petroleum products, chemicals, fertilizer, capital goods, industrial raw materials, and consumer products.
On 12 December 2013, the European Union granted GSP Plus status to Pakistan until 2017, which enabled it to export 20% of its good with 0 tariff and 70 percent at preferential rates to the EU market. This status was given after the European Parliament passed the resolution by 406-186 votes. read more