The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according to the International Monetary Fund (IMF).
The State Bank of Pakistan (SBP) is the central bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four provincial capitals Lahore, Karachi, Peshawar, Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ownership of the Pakistan Security Printing Corporation.
Housing in Pakistan generally consists of three classes: pakka houses, which are made of strong materials like brick and cement; katchi houses, which are made of less-permanent materials such as thatch and bamboo; and semi-pakka houses (these make up, which are a sort of mix of the pakka and katchi houses. Housing in Pakistan has always been insufficient due to a growing population and accelerated by urbanisation combined with the housing problem being low-priority in the eyes of the government. Housing is an important element of real estate in Pakistan.
Mayor of Karachi is the executive of the Karachi metropolitan corporation and the Karachi local government system of the city of Karachi which is the third tier of governance in Pakistan after Federal and provincial governments.
Shamshad Akhtar is a Pakistani development economist, United Nations diplomat, banker and politician who served as the caretaker finance minister of Pakistan from 2023 to 2024 as well as from 5 June 2018 to 18 August 2018.
1Link is a consortium of major banks that own and operate the largest representative interbank network in Pakistan and is incorporated under the Company Law, Section 42 by Security and Exchange Commission of Pakistan (SECP).
National Rural Support Programme (NRSP) is a poverty alleviation programme established by the Government of Pakistan in 1991. In 1995, NRSP established Ghazi Barotha Taraqiati Idara with funding from the World Bank.
Pervez Khan Khattak is a Pakistani politician who served as the minister of Defence from August 2018 until April 2022. He had been a member of the National Assembly of Pakistan from August 2018 till January 2023. Prior to that, he served as the 22nd chief minister of Khyber Pakhtunkhwa from 2013 to 2018, elected to the Provincial Assembly from Nowshera District. He was a senior member of the Pakistan Tehreek-e-Insaf until July 2023, when he formed his breakaway faction, the Pakistan Tehreek-e-Insaf Parliamentarians (PTI-P). On 12 February 2024, he left the chairmanship of the PTI-P and took a break from politics tenders resignation as PTI-P chairman due to ‘health issues’.
Real estate in Pakistan is a growing sector of the economy of Pakistan.
Javedan Corporation Limited, doing business as Naya Nazimabad, is a housing project that is being developed around the Manghopir Lake.
The Prime Minister's Youth Programme or Kamyab Jawan Program, initiative launched by former Prime Minister Nawaz Sharif in 2013, and it ran from 2019 to 2022. The program aimed to provide quality education and meaningful employment opportunities to the youth through integrated, sustainable initiatives. It offered government-subsidised business loans of up to 25 million rupees, divided into three tiers: the first tier for loans between 10,000 and 1 million rupees, the second tier for 1 million to 10 million, and the third for 10 million to 25 million rupees.
Army Welfare Trust (AWT), (Urdu: آرمی ویلفیر ٹرسٹ) also known as Askari Group, is a Pakistani conglomerate based in Rawalpindi.
Nauman Wazir Khattak is a Pakistani industrialist, politician, and former Pakistan Air Force officer. He served as a member of Senate of Pakistan from 2015 to 2021. He is the founder of FF Steel.
Abdul Aleem Khan is a Pakistani politician and businessman from Lahore. Abdul Aleem Khan currently serves as a member of the National Assembly after being elected from Constituency NA 117, Shahdara Lahore in the general elections held on 8 February 2024. Abdul Aleem Khan owns PEMRA Samaa TV and Vision Group. He was also the Senior Minister of Punjab and Minister of Food from 2020 to 2021. He also served as a member of the Provincial Assembly of the Punjab from August 2018 to 2021. He announced his separation from politics on Twitter in a tweet. Later in a statement to the media, he said that he had no intentions of joining politics again and that he would focus on the welfare through the Abdul Aleem Khan Foundation. In June 2023 he launched the Istehkam-e-Pakistan Party along with Jahangir Khan Tareen. He is a founding member and the incumbent president of the party.
Bykea, stylized as BYKEA, is a Pakistani ride-hailing service and parcel delivery company based in Karachi. It was founded by Muneeb Maayr in 2016.
The Aurat Azadi March was started in 2018 in Pakistan by members of Women Democratic Front, other organizations like Women's Action Forum, Elimination of Violence against Women and Girls alliance, Young Teachers Association, Home-Based Women Workers Union, Awami Workers Party, Awami Jamhoori Party also joined the march on International Women's Day in Islamabad. Aurat Azadi March and Aurat March are organized by different groups of women since 2018. Aurat Azadi March is organized by group of socialist feminists whereas Aurat March is organized by group of liberal feminists. Aurat March was also started the same year by the group of individual women known as "Hum Aurtein" collective in Karachi and Lahore.
Keamari District, is an administrative district of Karachi Division in Sindh, Pakistan created on August 21, 2020 after it was carved out of District West Karachi. Baldia Town, SITE Town, Mauripur Town & Keamari Town ended up being part of the newly created Keamari District. The 2023 Pakistani census recorded Keamari District's population as 2,066,574.
The Administrator Karachi is an Officer in the Pakistan Administrative Services, usually of the elite rank of BS-20.
The premiership of Shehbaz Sharif began on 11 April, 2022 after he was nominated as a candidate for Prime Minister of Pakistan by opposition parties following a vote of no confidence in then-Prime Minister Imran Khan during the 2022 Pakistani constitutional crisis. He was sworn in as prime minister by Senate Chairman Sadiq Sanjrani while acting as president on behalf of Arif Alvi. Sharif remained in office until 14 August 2023, when he stepped down for a caretaker government to participate in the 2024 general election. After a heavily contested election, Sharif was re-elected as prime minister on 4 March 2024, defeating the PTI-backed Omar Ayub Khan.
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 24 November 2024 Pakistan inflation rate was 4.9% lowest in 6.5 years.
