National product real growth rate: 4% (1994 est.)

National product: GDP - purchasing power parity - $248.5 billion (1994 est.)

National product per capita: $1,930 (1994 est.)

Inflation rate (consumer prices): 12% (FY93/94)

Unemployment rate: 10% (FY90/91 est.)

Currency:

1 Pakistani rupee (PRs.) = 100 paisa

Currency Denomination:

Coins: 1 paisa, 5 paisa, 10 paisa, 25 paisa, 50 paisa, 1 rupee

Notes: 1, 2, 5, 10, 50, 100, 500 and 1000 Rupees notes

Exchange rates:

Pakistani rupees (PRs) per US$1 - 37.17 (April 1996), 30.860 (January 1995), 30.570 (1994), 28.107 (1993), 25.083 (1992), 23.801 (1991), 21.707 (1990)

Fiscal year:

1 July - 30 June

Budget:

revenues: $10.5 billion

expenditures: $11.2 billion, including capital expenditures of $3.1 billion

(FY93/94)

Exports:

$6.7 billion (1993)

commodities: Cotton, textiles, clothing, rice, leather, carpets

Export partners:

US, Japan, Hong Kong, Germany, UK, UAE, France

Imports:

$9.5 billion (1993)

commodities:

Petroleum, petroleum products, machinery, transportation equipment, vegetable oils, animal fats, chemicals

Import partners:

Japan, US, Germany, UK, Saudi Arabia, Malaysia, South Korea

External debt:

$24 billion (1993 est.)

Industrial production:

Growth rate 5.6% (FY93/94); accounts for 18% of GDP

Pakisan's biggest industrial cities are Karachi, Lahore, and Faisalabad.

The major cash-earning industries are: Textile, ready made garments and hosiery, leather, fish and preparations, carpets and rugs, sports goods, and surgical instruments.

Labor force:

36 million

by occupation: agriculture 46%, mining and manufacturing 18%, services 17%,

other 19%

note: extensive export of labor

Export of man-power:

In early 80's, several million people went abroad, specially to Middle East, and sent estimated US$2.9 billion per year foreign exchange to Pakistan. These figures are now declining since early 90's because of crises in Gulf, triggered by the Iraq's invasion in Kuwait.

Current estimate: 250,000 Overseas Pakistanis

Pakistan has world's largest canal based irrigation system, cultivating ¼ of the total area.

Major crops are: Cotton, rice, wheat, sugar cane.

Other crops: maize, millet, pulses, barley, oil seeds, sugar beets, potatoes, onion, and tobacco.

Pakistan has vast stocks of natural gas in eastern Baluchistan and north-west Sindh.

2/3 of power is generated through hydroelectric plants, mainly from Tarbela Dam and Mangla Dam.

Because of poor distribution and no further expansion in existing power plants, Pakistan is facing serious power crises. The Government is encouraging foreign investors to invest in developing power resources. Many new privately owned power plants are coming up HUBCO is the first private sector power plant company that will be in operation very soon.

Electricity:

capacity: 10,800,000 kW (1994)

production: 52.4 billion kWh

consumption per capita: 389 kWh (1993)


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