ments will
be jeopardized if Pakistan misses critical IMF benchmarks on revenue
collection and the fiscal deficit. MUSHARRAF has complied largely
with IMF recommendations to raise petroleum prices, widen the tax
net, privatize public sector assets, and improve the balance of
trade. However, Pakistan's economic prospects remain uncertain; too
little has changed despite the new administration's intentions.
Foreign exchange reserves hover at roughly $1 billion, GDP growth
hinges on crop performance, the import bill has been hammered by
high oil prices, and both foreign and domestic investors remain wary
of committing to projects in Pakistan.
GDP: purchasing power parity - $282 billion (2000 est.)
GDP - real growth rate: 4.8% (2000 est.)
GDP - per capita: purchasing power parity - $2,000 (2000 est.)
GDP - composition by sector: agriculture: 25.4%
industry: 24.9%
services: 49.7% (1999 est.)
Population below poverty line: 40% (2000 est.)
Household income or consumption by percentage share: lowest 10%:
4.1%
highest 10%: 27.7% (1996)
Inflation rate (consumer prices): 5.2% (2000 est.)
Labor force: 40 million
note: extensive export of labor, mostly to the Middle East, and use
of child labor (2000 est.)
Labor force - by occupation: agriculture 44%, industry 17%, services
39% (1999 est.)
Unemployment rate: 6% (FY99/00 est.)
Budget: revenues: $8.9 billion
expenditures: $11.6 billion, including capital expenditures of $NA
(FY00/01 est.)
Industries: textiles, food processing, beverages, construction
materials, clothing, paper products, shrimp
Industrial production growth rate: 3.8% (1999 est.)
Electricity - production: 62.078 billion kWh (1999)
Electricity - production by source: fossil fuel: 63.38%
hydro: 36.51%
nuclear: 0.11%
other: 0% (1999)
Electricity - consumption: 57.732 billion kWh (1999)
Electricity - exports: 0 kWh (1999)
Electricity - imports: 0 kWh (1999)
Agriculture - products: cotton, wheat, rice, sugarcane, fruits,
vegetables; milk, beef, mutton, eggs
Exports: $8.6 billion (f.o.b., FY99/00)
Exports - commodities: textiles (garments, cotton cloth, and yarn),
rice, other agricultural products
Exports - partners: US 24%, Hong Kong 7%, UK 7%, Germany 6%, UAE 6%
(FY99/00)
Imports: $9.6 billion (f.o.b., FY99/00)
Imports - commodities: machinery, petroleum, petroleum products,
chemicals, transportation equipment, edible oils, grains, pulse
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