Pakistan earns alot in exporting raw cotton and cotton yarn but not stitched garments. Then it also exports footballs from Sialkot and surgical instruments and cutlery from Wazirabad.
Main Products are Rice , Fruits and Textile
Pakistan is a fast growth country given that it is in a tough neighborhood. For the last 5 years it has averaged 6-7% growth. Pakistan has been burdened with a costly arms race with the 8 times larger India. This has placed severe strain on her resources eversince her independence.
However, there are signs that the country is trying to work its way out of the costly foreign policy and move towards greater economic development.
The export base is indeed narrow, however, the government has made a real effort to expand that base which has caused exports to double in last 6 years. There is also a great focus on diversifying exports. Currently, Pakistan is actively signing free trade agreement with many large trade partners. Pakistan has also develop incentives for the foreign investors by giving tax holdays for 10, 20, or 30 years depending on the type of investment. Pakistan has broken ground for 6 international level technology universities in collaboration with friendly countries from Europe and Asia. This is geared towards creating a supply of quality technical resources to feed the planned hightech economy. It is expected that Pakistan will pick up pace in her economic growth after 2010 to beyond 7%.
Pakistan earns alot in exporting raw cotton and cotton yarn but not stitched garments. Then it also exports footballs from Sialkot and surgical instruments and cutlery from Wazirabad.
Main Products are Rice , Fruits and Textile
Pakistan is a fast growth country given that it is in a tough neighborhood. For the last 5 years it has averaged 6-7% growth. Pakistan has been burdened with a costly arms race with the 8 times larger India. This has placed severe strain on her resources eversince her independence.
However, there are signs that the country is trying to work its way out of the costly foreign policy and move towards greater economic development.
The export base is indeed narrow, however, the government has made a real effort to expand that base which has caused exports to double in last 6 years. There is also a great focus on diversifying exports. Currently, Pakistan is actively signing free trade agreement with many large trade partners. Pakistan has also develop incentives for the foreign investors by giving tax holdays for 10, 20, or 30 years depending on the type of investment. Pakistan has broken ground for 6 international level technology universities in collaboration with friendly countries from Europe and Asia. This is geared towards creating a supply of quality technical resources to feed the planned hightech economy. It is expected that Pakistan will pick up pace in her economic growth after 2010 to beyond 7%.
what are the major exports of pakistan. and its importance? what are the major exports of pakistan. and its importance? what are the major exports of pakistan. and its importance? what are the major exports of pakistan. and its importance? what are the major exports of pakistan. and its importance?
imports more that it exports
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thx for answering
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