ts Avenue NW, Washington DC 20008; telephone (202) 939-6200;
there is a Pakistani Consulate General in New York;
US--Ambassador Robert B. OAKLEY; Embassy at Diplomatic Enclave, Ramna 5,
Islamabad (mailing address is P. O. Box 1048, Islamabad);
telephone p92o (51) 8261-61 through 79; there are US Consulates General
in Karachi and Lahore, and a Consulate in Peshawar

Flag: green with a vertical white band on the hoist side; a large white
crescent and star are centered in the green field; the crescent, star, and color
green are traditional symbols of Islam

- Economy
Overview: Pakistan is a poor Third World country faced with the usual
problems of rapidly increasing population, sizable government deficits,
and heavy dependence on foreign aid. In addition, the economy must support a
large military establishment and provide for the needs of 4 million Afghan
refugees. A real economic growth rate averaging 5-6% in recent years has enabled
the country to cope with these problems. Almost all agriculture and small-scale
industry is in private hands, and the government seeks to privatize a portion
of the large-scale industrial enterprises now publicly owned. In
December 1988, Pakistan signed a three-year economic reform agreement
with the IMF, which provides for a reduction in the government deficit
and a liberalization of trade in return for further IMF financial
support. The so-called Islamization of the economy has affected mainly the
financial sector; for example, a prohibition on certain types of interest
payments. Pakistan almost certainly will make little headway against its
population problem; at the current rate of growth, population would
double in 32 years.

GNP: $43.2 billion, per capita $409; real growth rate 5.1% (FY89)

Inflation rate (consumer prices): 11% (FY89)

Unemployment rate: 4% (FY89 est.)

Budget: revenues $7.5 billion; expenditures $10.3 billion,
including capital expenditures of $2.3 billion (FY89 est.)

Exports: $4.5 billion (f.o.b., FY89); commodities--rice, cotton,
textiles, clothing; partners--EC 31%, US 11%, Japan 11% (FY88)

Imports: $7.2 billion (f.o.b., FY89); commodities--petroleum,
petroleum products, machinery, transportation, equipment, vegetable oils,
animal fats, chemicals; partners--EC 26%, Japan 15%, US 11% (FY88)

External debt: $17.4 billion (1989)

Industrial production: growth rate 3% (FY89)

Electricity: 7,575,000 kW capacity; 29,300 million kWh produced,
270 kWh per cap