 | This article has multiple issues. Please help improve it or discuss these issues on the talk page . (Learn how and when to remove these template messages)
|
The economy of Lahore has a diversified base spanning from telecommunication, information technology, manufacturing industry, engineering, pharmaceuticals, steel, chemicals and construction material.
As of 2019 [update] , Lahore had an estimated GDP (PPP) of $84 billion. [2] [3] As of 2008 [update] , the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%). [4] [5] The contribution of Lahore to the national economy is estimated to be 11.5% and 19% to the provincial economy of Punjab. [6] As a whole Punjab has $115 billion economy making it first and to date only Pakistani Subdivision of economy more than $100 billion at the rank 144. [5]
Lahore is the second largest financial hub of Pakistan and has industrial areas including Kot Lakhpat and the new Sundar Industrial Estate (near Raiwand). A major industrial agglomeration with about 9,000 industrial units, Lahore has shifted in recent decades from manufacturing to service industries. [7] Some 42% of its work force is employed in finance, banking, real estate, community, cultural, and social services. [7] The city is the country’s largest software producing center, [7] and hosts a growing computer-assembly industry. [7]
Lahore is the hub of handmade carpet manufacturing in Pakistan. [8] At present, hand-knitted carpets produced in and around Lahore are among Pakistan's leading export products, and their manufacturing is the second-largest cottage and small industry. Craftsmen in Lahore produce almost every type of handmade carpet using popular motifs such as medallions, paisleys, traceries, and geometric designs. The Lahore Design Centre at the Punjab Small Industries Corporation maintains a separate section of carpet designing to experiment with new designs. Lahore is known for single-wefted designs in Turkoman and Caucasian style and double-wefted Mughal types.
Among the projects currently under construction in Lahore is the long-delayed Lahore Expo Centre. [9]
Defense Raya Golf Resort is an exceptional housing project that spans 400 acres of premium residential and commercial development. The vibrant community is built around the 18-hole international-standard Defence Raya Golf Course and features a wide range of real estate offerings, including luxury apartments, posh villas and ultramodern commercial centres. The project is a joint venture between DHA Lahore and BRDB Malaysia. The rapid development of large projects such as these in the city is expected to boost the economy of the country. [10]
Karachi is the capital city of the Pakistani province of Sindh. It is the largest city in Pakistan and 12th largest in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast and formerly served as the capital of Pakistan. Ranked as a beta-global city, it is Pakistan's premier industrial and financial centre, with an estimated GDP of over $200 billion (PPP) as of 2021. Karachi is Pakistan's most cosmopolitan city, linguistically, ethnically, and religiously diverse cities, as well as one of the most socially liberal.
The economy of Pakistan is classified as a developing economy. It is the 24th-largest in terms of GDP based on purchasing power parity (PPP) and 46th largest in terms of nominal GDP. As of 2023, the country has a population of 232 million people. According to the International Monetary Fund (IMF), on a per capita income basis, Pakistan ranked 161st by GDP (nominal) and 138th by GDP (PPP).
Punjab, is a province of Pakistan. Located in central-eastern region of the country, Punjab is the second-largest province of Pakistan by land area and the largest by population. Lahore is the capital and the largest city of the province. Other major cities include Faisalabad, Rawalpindi, Gujranwala and Multan.
Lahore is the second largest city in Pakistan after Karachi and 26th largest in the world, with a population of over 13 million. It is situated in the north-east of the country with River Ravi flowing north-west of the city. It is the capital of the province of Punjab, where it is the largest city. Lahore is one of Pakistan's major industrial and economic hubs. It has been the historic capital and cultural centre of the wider Punjab region, and is one of Pakistan's most socially liberal, progressive, and cosmopolitan cities.
Gujranwala is a city and capital of Gujranwala Division located in Pakistan. It is also known as "City of Wrestlers" and is quite famous for its food. It is the 5th most populous city proper after Karachi, Lahore, Faisalabad and Rawalpindi respectively. Founded in the 18th century, Gujranwala is a relatively modern town compared to the many nearby millennia-old cities of northern Punjab. The city served as the capital of the Sukerchakia Misl state between 1763 and 1799, and is the birthplace of the founder of the Sikh Empire, Maharaja Ranjit Singh.
Sialkot is a city located in Punjab, Pakistan. It is the capital of the Sialkot District and is the 13th most populous city in Pakistan. The boundaries of Sialkot are joined with Jammu in the north east, the districts of Narowal in the southeast, Gujranwala in the southwest and Gujrat in the northwest.
Karachi is the financial and industrial capital of Pakistan. As of 2019, Karachi has an estimated GDP (PPP) of $164 billion. The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. Karachi produces about 30 percent of value added in large-scale manufacturing, 25% of the GDP, the World Bank identified Karachi as the most business-friendly city in Pakistan. In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the world.
The economy of Madhya Pradesh refers to the economic growth with respect to the Indian state of Madhya Pradesh. It grew 12% in GDP for the year of 2011–12, for which it received an award from the President Pranab Mukherjee in January 2013 for improving its tourism, medical and infrastructural growth. The economy of Madhya Pradesh is significantly agrarian which is reflecting rapid strides towards industrial and service sectors as well. The Indore, Bhopal and Jabalpur districts are the top 3 districts in terms of highest output generation in the state's economy.
Pakistan's industrial sector accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports. Other units include surgical instruments, chemicals, and a budding automotive industry. Pakistan's inadequately developed labor market, unable to absorb the increasing number of educated workers, has resulted in a high rate of unemployment among graduates.
A Pakistani rug, also known as Pakistani carpet, is a type of handmade floor-covering heavy textile traditionally made in Pakistan and is used for a wide variety of utilitarian and symbolic purposes. Rug/carpet weaving is an essential part of Pakistani culture and Pakistani art.
In Pakistan, cottage or household industries hold an important position in rural set-up. Most villages are self-sufficient in the basic necessities of life. They have their own carpenters, cobblers, potters, craftsmen and cotton weavers. Many families depend on cottage industries for income.
Central Jail Faisalabad is a jail in Faisalabad, Pakistan located on Jaranwala road nearly 10 kilometres (6.2 mi) east of Faisalabad city.
Since independence in 1947, the economy of Pakistan has emerged as a semi-industrialized one, the on textiles, agriculture, and food production, though recent years have seen a push towards technological diversification. Pakistan's GDP growth has been gradually on the rise since 2012 and the country has made significant improvements in its provision of energy and security. However, decades of corruption and internal political conflict have usually led to low levels of foreign investment and underdevelopment.
The Economy of Chittagong is reflected in its gross state product of $116 billion in PPP terms ranking, second in size only behind Dhaka in Bangladesh. The nominal GDP of Chittagong metropolitan city is $43 billion. Chittagong metropolitan City is the second largest metropolitan city in Bangladesh. Chittagong is the export hub of Bangladesh, accounting for more than $38 billion in exports. Chittagong is the commercial hub of country.Chittagong is also home to the busiest port in the country.
The textile industry is the largest manufacturing industry in Pakistan. Pakistan is the eighth largest exporter of textile commodities in Asia. Textile sector contributes 8.5% to the GDP of Pakistan. In addition, the sector employs about 45% of the total labor force in the country. Pakistan is the fourth largest producer of cotton with the third largest spinning capacity in Asia after China and India and contributes 5% to the global spinning capacity. At present, there are 1,221 ginning units, 442 spinning units, 124 large spinning units and 425 small units which produce textile.
Industry in Karachi are the various industries that are located in Karachi, Pakistan. The commerce and industry in Karachi represents major economic activities in Pakistan. Pakistan ranks 40 among the countries of the world in nominal GDP, and number 55 in the world in factory output. Pakistan's industrial sector accounts for about 24% of GDP.
The economy of Delhi is the 13th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion and the Nominal GSDP of the NCT of Delhi for 2022-23 was estimated at ₹10.83 lakh crore (US$140 billion) recording an annual growth of 8.1%. Growth rate in 2014-15 was 9.2%. In 2020-21, the tertiary sector contributed 85% of Delhi's GSDP followed by the secondary and primary sectors at 12% and 3% respectively. The services sector recorded an annual growth of 7.3%. Delhi is the largest commercial centre in northern India. As of 2021, recent estimates of the economy of the urban area of Delhi have ranged from $370 billion and it has $272.603 billion as ranking it either the most or second-most productive metro area of India.
| Companies | |||||||
|---|---|---|---|---|---|---|---|
| Currency, governance, regulation | |||||||
| History |
| ||||||
| Transportation | |||||||
| Sectors |
| ||||||
| People and labour | |||||||
| Domestic economies | |||||||
| Central business districts | |||||||
| See also | |||||||
