22004
consulates general:
Karachi, Lahore
consulate:
Peshawar
Flag:
green with a vertical white band (symbolizing the role of religious
minorities) 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

*Pakistan, 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. A real economic growth rate averaging 5-6% in recent
years has helped the country to cope with these problems. Almost all
agriculture and small-scale industry is in private hands. In 1990, Pakistan
embarked on a sweeping economic liberalization program to boost foreign and
domestic private investment and lower foreign aid dependence. The SHARIF
government denationalized several state-owned firms and attracted some
foreign investment. Pakistan likely will have difficulty raising living
standards because of its rapidly expanding population. At the current rate
of growth, population would double in 25 years.
National product:
GNP - exchange rate conversion - $48.3 billion (FY92 est.)
National product real growth rate:
6.4% (FY92 est.)
National product per capita:
$410 (FY92 est.)
Inflation rate (consumer prices):
12.7% (FY91)
Unemployment rate:
10% (FY91 est.)
Budget:
revenues $9.4 billion; expenditures $10.9 billion, including capital
expenditures of $3.1 billion (FY93 est.)
Exports:
$6.8 billion (f.o.b., FY92)
commodities:
cotton, textiles, clothing, rice
partners:
EC 35%, US 11%, Japan 8% (FY91)
Imports:
$9.1 billion (f.o.b., FY92)
commodities:
petroleum, petroleum products, machinery, transportation, equipment,
vegetable oils, animal fats, chemicals
partners:
EC 29%, Japan 13%, US 12% (FY91)
External debt:
$16.5 billion (1992 est.)
Industrial production:
growth rate 5.7% (FY91); accounts for almost 20% of GNP
Electricity:
10,000,000 kW capacity; 43,000 million kWh produced, 350 kWh per capita
(1992)
Industries:
textiles, food processing, beverages, construction materials, clothing,
paper products, shrimp
Agriculture:
25% of GNP, over 50% of labor force; world's largest contiguous irrigation
system; major crops - cotton, wheat, rice, sugarcane, frui