Economy of Azad Kashmir

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The economy of Azad Kashmir is underdeveloped, per capita income and provincial GDP of Pakistan-administered Azad Kashmir (AK) are comparatively lower than other provinces and territories of Pakistan [1] and even more drastically lower than India-administered Jammu and Kashmir union territory (J&K), [2] although Azad Kashmir notably has a literacy rate that is substantially above the national average of Pakistan. [1] Azad Kashmir's economy is mainly dependent on agriculture, followed by the remittances by the members of the large Kashmiri diaspora specially in United Kingdom, [3] and followed by the income of men recruited into the Pakistani Armed Forces specially from the Punjabi-dominated southern districts. Other locals travel to countries in Europe or the Middle East where they work in labour-oriented jobs. The local tourism industry has potential although it is underdeveloped. [1]

Contents

History

In 2005, Azad Kashmir's economy faces challenges including the devastating 2005 Kashmir earthquake and floods, the region is still recovering from the economic effect of this several years later. [1]

In 2013, GDP of Azad Kashmir was US$3.2 Billion. [4]

In 2022, the GDP of Azad Kashmir was US$6.6 billion with per capita income of US$1,512. [5]

Current status

As of 2025, the status of economic paraments of Pakistan-administered Azad Kashmir (AK) and India-Administered Jammu and Kashmir union territory (J&K) is as follows:

See also

References

  1. 1 2 3 4 Kashmir: The Economics of Peace Building Archived 2012-06-12 at the Wayback Machine
  2. 1 2 3 4 5 6 7 8 9 10 Amna Begam, PoK burns with anger against Pakistani state. You won’t see it in Kashmir-obsessed Western media, The Print, 10 Oct 2025.
  3. ↑ Mini London: Pounds make Mirpur a sterling site for begging
  4. ↑ "Rejuvenating the economic environment in Jammu & Kashmir" (PDF). CRC. September 2013. Archived from the original (PDF) on 2 September 2017. Retrieved 21 September 2016.
  5. ↑ At A Glance-AJ&K Official Portal, Ajk Govt.
  6. ↑ AJK govt unveils over Rs220bn FY2024-25 budget, brecorder.com, 26 June 2024.
  7. ↑ Jammu and Kashmir gets $14 billion from interim budget, 4-5 times more IMF approved for cash-strapped Pakistan, livemint, 6 Feb 2024.
  8. 1 2 The most recent official data from the Azad Jammu and Kashmir Finance Department reports the nominal Gross Domestic Product (GDP) for the fiscal year 2022–2023 was PKR 1.276 trillion]] (approx. US$ 4.5 billion). "Azad Jammu and Kashmir Budget 2023-24 - Speech". Government of Azad Jammu and Kashmir. Retrieved 23 October 2024..
  9. ↑ A precise GDP figure for the year 2025 is not yet available, as official economic data is published with a lag of several years. The region's economy grew at an average annual rate of 3.84% in the decade leading up to 2023. "Statistical Yearbook 2023". Azad Jammu & Kashmir Bureau of Statistics. Government of Azad Jammu and Kashmir. Retrieved 23 October 2024.. Based on this historical trend, the nominal GDP for 2025 is projected to be in the range of PKR 1.4 trillion (approx. US$ 4.9 billion).


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