Agriculture is the mainstay of Pakistan's economy, employing
almost 50% of the population.
Wheat, rice, cotton, sugarcane, and tobacco are the chief
crops, and cattle and sheep are raised. Most of Pakistan's
agricultural output comes from the Indus basin. The country
is now self-sufficient in food, as vast irrigation schemes
have extended farming into arid areas, and fertilizers and
new varieties of crops have increased yields.
Pakistan's industrial base is able to supply many of the country's
needs in consumer goods, although production has slowed in
The country's natural resources provide materials for such
industries as textile production (the biggest earner of foreign
exchange), oil refining, metal processing, and cement and
Remittances from Pakistanis working abroad constitute the
second largest source of foreign exchange.
Since the mid-1950s electric power output has greatly increased,
mainly because of the development of hydroelectric power potential
and the use of thermal power plants.
Pakistan's chief imports are petroleum, machinery, transport
equipment, chemicals and edible fats and oils.
The chief trading partners are the European Union nations,
the United States, Japan, and China. In 2002, Pakistan has
restored good relations with most of the international financial
institutions and had managed to greatly improve its fiscal
and foreign exchange situation.
Economy in growth mode. FY02 3.1%, FY03 5.1%, FY04 6.4%.
Economist consensus is future growth rate increases.
Post 2005 Quota Free world- Pakistan is a major sourcing center
Fourth fastest growing economy in Asia