|Non-knit Men’s Suits|
|Heavy Pure Woven Cotton|
|Non-Retail Pure Cotton Yarn|
Located in South Asia, Pakistan, officially the Islamic Republic of Pakistan, is the world's sixth-most populous country with a population exceeding 212,742,631 people (2018y). As the 33rd largest country by land, spanning 881,913 square kilometers, Pakistan has many neighbors, such as Afghanistan, India, and China. It also shares a maritime border with Oman.
Pakistan is a developing country with an annual GDP growth rate of 5.7 % @2017y, and Islamabad is the capital city. This geographically and ethnically diverse country has many historical and cultural heritage sites. It stands as the second largest country in salt mining after Canada's Sifto Salt Mine. World's largest ambulance network resides here.
Religion:Its population follows Muslim, Christian, Hindu, and Sikh, but most of them follow Islam.
Culture: Pakistani diverse culture includes Punjabis, Sindhis, Baloch, Pashtuns, Kashmiris, Hazaras, Makranis and Baltis, coming from regions as close to home as the Indus Valley, or as far as Africa or Tibet.
Food:Rice dishes and kebabs feature prominently in Pashtun cuisine. Kabuli pulao, chapli kabab, tikka, and mutton Karahi are also very popular dishes.
Pakistan has a semi-industrialized economy, with a well-integrated agriculture sector and a growing services sector. And its industry is the third-largest sector, accounting for 20.3% of gross domestic product (GDP), and 13% of total employment. At 2017y, the country's estimated GDP is US$305 billion. According to the World Bank, it has important strategic endowments and development potential.
The financial system has emerged over years in response to government planning processes and economic growth. Headed by the Central Bank - State Bank of Pakistan (SBP), it is composed of Commercial Banks and Non-Bank Financial Institutions (NBFIs) including Development Financial Institutions (DFIs), Investment banks, housing finance companies, leasing companies, modarabas, mutual funds, brokerage houses and insurance companies. Overall there are 26 commercial banks, 6 DFI's, and 11 micro-finance banks in the system.
The financial sector is going through a major transition period. New groups are buying out operations of foreign banks and the number of listed banks is increasing too. While the income from core banking activity is increasing due to higher business volume, earnings are also expected to further improve due to greater trends toward consumer finance, housing finance and enhanced lending to the agriculture sector.
|Agriculture||Cement, textile, fertilizer, edible oil, sugar, steel, tobacco, chemicals, machinery and food processing.|
|Manufacture||Wheat, sugarcane, cotton, rice, onion, and milk.|
|Services (Including financial)||55.5% (2013 estimate)|
|Oil and Gas Development Company||Petroleum|
|MCB Bank Limited||Banking|
|Fauji Fertilizer Company Limited||Agriculture|
|Pakistan Petroleum||Fuel Trading|
|Hub Power Company||Energy|
|Pakistan State Oil||Fuel Trading|
|Non-knit Men’s Suits|
|Heavy Pure Woven Cotton|
|Non-Retail Pure Cotton Yarn|
Established on 11th Jan. 2016 when the government was deciding to merge the Karachi, Lahore, and Islamabad, 3 exchange markets together, the Pakistan Stock Exchange (PSX) is a stock exchange with trading floors in Karachi, Islamabad, and Lahore. The size of PSX is smaller but it is significant, and more active than other markets with similar size. In recent years, the market has been delivering 26% yearly returns to the investors between 2009 and 2015. In 2002, the market was declared as the best performing stock market globally. In December 2016, PSX sold 40% strategic shares to a Chinese consortium for $85 million.
Karachi Stock Exchange: KSE is Pakistan's first and one of the oldest stock exchanges in emerging markets, founded on 18 th September 1947. According to Bloomberg (business news), the country's standard stock market index is the third-best performer in the world since 2009. In the same year, the Pakistani stakes provided 26% return to investors, which made Karachi the best-performing stock exchange in the world.
Lahore Stock Exchange: LSE came into existence in 1970, originally had 83 members, and was housed in a leased building in the Bank Square area of Lahore. The PSX inducted it on 11th January 2016.
Islamabad Stock Exchange: ISE came into existence later 25th Oct. 1989 in Islamabad as a guarantee-limited company. ISE is a 22-floor building and it is the second-highest building of the state.
As of February 2018, there are 559 companies listed in PSX and the total market capitalization is $ 84 billion. The most valuable stocks of Pakistan are:
Economic Crisis 2018: Middle of 2018, Pakistan had a current account deficit of $18 billion, a 45% increase from a current account deficit of $12.4 billion in 2017. At the present, the crises revolve around the payment, circular debt, exchange rate, debt, and investment5. Also, Pakistani currency has devalued more than 30% against the USD. Pakistan has to deal with currency devaluation, and the impacted loan payments as well.
Financial Crisis 2008: It greatly influenced national economy, which was already going under the great macroeconomic inequalities and irregularities. Macroeconomic symptoms of economic growth have shown low performance. It also had its impact on the growth of GDP, which was recorded 5% in the fiscal year 2007, but declined to 0.40% in 2008. Economic and current account of deficit reached the highest, foreign investments fell, and inflation rose sharply. In order to achieve stability and to draw the economy again on track, the government of Pakistan had declared a tight monetary policy.
Political Crisis 2007: A state of emergency occurred in Pakistan by President of Pakistan Pervez Musharraf on 3rd November 2007 and lasted, until 15th December 2007. The conflict was primarily concerning whether a member of the military was constitutionally allowed to run for the office of the president, as Musharraf held both titles of President and Chief of Army Staff.
Because of the controversies surrounding the re-election of Musharraf during the presidential election on 6th Oct. 2007, he resigned as an army Chief on 28th Nov., and re-elections resulted in the victory of Musharraf with 98% votes in the senate, parliament and the four provincial assemblies. Later, Musharraf declared an end to the state of emergency on 16th Dec. 2007.
In the early 17th century, European traders arrived on the subcontinent. The British enhanced its dominant force through the East India Company. After facing failure uprising against Britain in 1857, they took direct control. Slowly a national Muslim identity emerged, championed by Sir Syed Ahmed Khan (1817-89). In 1907, the All India Muslim League was established.
The subcontinent moved towards independence, and it became clear that Hindu and Muslim interests were against adjustment. The campaign to establish an independent Muslim state came to prominence in the 1920s and 30s. It was started by the philosopher, Mohammad Iqbal, and the poet, Mohammad Ali Jinnah.
Pakistan was created as an Islamic State out of the partition of the UK's Indian Empire, at the independence in August 1947. With the migration of Pakistan's Hindus and Sikhs to India, it became an almost entirely Muslim society. Jinnah was the Quaid-I-Azam or great leader who died in 1948. In 1956, Pakistan became a federal republic.
In 1962, it adopted a presidential system, and as a result, the nation experienced progress during that time. In 1965, the country went to war with India, resulting in a decline of its economy and faced several civic convictions in 1967.
In 1970, Pakistan conducted its first democratic elections many years after gaining independence. The elections were to be a transitional symbol from military rule to democracy. As a result of elections, Zulfikar Ali Bhutto was appointed as president. Under his rule, the country experienced a constitution turning it on a path towards democracy.
Democratic rule in Pakistan resumed from 1972 to 1977. This period was described by countrywide restoring, nationalism, intellectual leftism, and self-perception. In 1972, Pakistan started preparing nuclear prevention, and launched the first power plant. The PPP carried out a military rebellion bringing an end of democracy in 1977. One year after, in 1978, general Zia-ul-Haqq was appointed as the president, and under his tenure, Pakistan transformed into one of the rapidly-developing economies in the sub-continent.
(Politician and Philanthropist)
Asif Ali Zardari
Khan Abdul Ghaffar Khan
(Political and Spiritual Leader)
The Pakistani Rupee (PKR) has been the official currency of Pakistan since 1948. The Nation's Central Bank, named as State Bank of Pakistan, controls the issuance of coins and notes.
The rupee emerged more than 500 years ago. Initially made from silver, the coin was equivalent to the weight of 178 grains (11.53 grams). Its name originated from the Sanskrit word for Silver.
The rupee was widely used for a long time following its origin in countries such as Pakistan, India, Afghanistan, etc. However, after gaining independence, the country stated the right to have its currency again.
The first notes were issued by the Bank of India only to be used in Pakistan. Interestingly, at first, until 1971, the notes consisted of bilingual writings, also consisting of the Bengali language. The first Bills were 1, 5, 10, and 100 Rs, and then came the 2, 20, 50, 500, 1000, 5000.
Printed in the notes is the face of Muhammad Ali Jinnah, Father of the nation. In addition to the variance in the size of the cells, they vary in colour as well, not having a pattern to be followed for security reason.
The country has issued special notes for Hajj pilgrims since many of the Hajj pilgrims were illiterate. These special notes only lasted from 1950 to 1978 but still can be found in the hands of collectors.
In 1982 the Pakistani rupee had its value uncoupled from the British currency when the commander, General Zia-ul-Haq, transformed it into floating currency. Over time the traditional currencies and values came into circulation:
|National Song||"Qaumī Tarāna"|
|Currency||Pakistani rupee (PKR)|
|GDP / GDP Rank||988.239 Billion USD|
|GDP Growth Rate||4.2 Percent|
|GDP Per Captial||$5105.596 (PPP)|
< 1.0% Buddhists
< 1.0% Jews
< 1.0% Other Religions
Pashtun (Pathan) 15.42%
President – Arif Alvi
Prime Minister – Imran Khan
|Website||Go to the web|
|Public Debt||66.887 Percent|
|Unemployment Rate||5.87 Percent|
|Labor Force (Occupation)||-|