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Amid these economic dynamics, Pakistan underwent a structural transition. The GDP share of agriculture declined from 53% in 1947 to 21.2% in 2010, while the GDP share of industry rose from 9.6% in 1949–50 to 25.4% in 2010. Additionally, the GDP share of the services sector increased from 37.2% in 1950 to 53.4% in 2010.
In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in January.
Indus River Delta. Agriculture is considered the backbone of Pakistan's economy, which relies heavily on its major crops. [1] Pakistan's principal natural resources are arable land and water. Agriculture accounts for about 18.9% [2] of Pakistan's GDP and employs about 42.3% of the labour force. The most agricultural province is Punjab where ...
For example, the purchasing power of the US dollar relative to that of the euro is the dollar price of a euro (dollars per euro) times the euro price of one unit of the market basket (euros/goods unit) divided by the dollar price of the market basket (dollars per goods unit), and hence is dimensionless. This is the exchange rate (expressed as ...
In West Pakistan (now Pakistan), the non-Muslims constituted 3.44% of the total population while East Pakistan (now Bangladesh) had a significant share comprising 23.20% of the population therein. [18] One reason for low non-Muslim percentage is because of higher birth rates among the Muslims.
t. e. General elections were held in Pakistan on 25 July 2018 to elect the members of the 15th National Assembly and the four Provincial Assemblies. The three major parties were Pakistan Tehreek-e-Insaf (PTI), led by Imran Khan, the Pakistan Muslim League, led by Shehbaz Sharif, and the Pakistan People's Party, led by Bilawal Bhutto.
The annual inflation rate in India was recorded at 6.95% in 2023. Historically, from 1960 until 2023, the annual inflation rate in India averaged 7.37% reaching an all-time high of 28.60% in 1974 and a record low of -7.63% in 1976. The inflation rate for Primary Articles is currently at 9.8% (as of 2012).
China and Pakistan are involved in several projects to enhance military and weaponry systems, which include the joint development of the JF-17 Thunder fighter aircraft, [51] K-8 Karakorum advance training aircraft, a tailor-made training aircraft for the Pakistan Air Force based on the Chinese domestic Hongdu L-15, space technology, AWACS ...