Names: conventional long form: Islamic Republic of Pakistan conventional short form: Pakistan local long form: Jamhuryat Islami Pakistan local short form: Pakistan former: West Pakistan
Capital City: Islamabad
Population: 165,803,560 (July 2006 est.)
GDP Per Capita: $2,600 (2006 est.)
Currency: Pakistani rupee (PKR)
Languages: Punjabi 48%, Sindhi 12%, Siraiki (a Punjabi variant) 10%, Pashtu 8%, Urdu (official) 8%, Balochi 3%, Hindko 2%, Brahui 1%, English (official and lingua franca of Pakistani elite and most government ministries), Burushaski, and other 8%
Total Area: total: 803,940 sq km land: 778,720 sq km water: 25,220 sq km slightly less than twice the size of California
Region: Asia
Industries: textiles and apparel, food processing, pharmaceuticals, construction materials, paper products, fertilizer, shrimp
Agriculture: cotton, wheat, rice, sugarcane, fruits, vegetables; milk, beef, mutton, eggs
Resources: land, extensive natural gas reserves, limited petroleum, poor quality coal, iron ore, copper, salt, limestone
Labor Force:
48.29 million note: extensive export of labor, mostly to the Middle East, and use of child labor (2006 est.)
agriculture: 42% industry: 20% services: 38% (2004 est.)
Exports:
$19.24 billion f.o.b. (2006 est.)
textiles (garments, bed linen, cotton cloth, yarn), rice, leather goods, sports goods, chemicals, manufactures, carpets and rugs
Imports:
$26.79 billion f.o.b. (2006 est.)
petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel, tea
Overview:
Pakistan, an impoverished and underdeveloped country, has suffered from decades of internal political disputes, low levels of foreign investment, and a costly, ongoing confrontation with neighboring India. However, IMF-approved government policies, bolstered by generous foreign assistance and renewed access to global markets since 2001, have generated solid macroeconomic recovery the last five years. The government has made substantial macroeconomic reforms since 2000, most notably privatizing the banking sector. Poverty levels have decreased by 10 percent since 2001, and Islamabad has steadily raised development spending in recent years, including a 52-percent real increase in the budget allocation for development in fiscal year 2007, a necessary step toward reversing the broad underdevelopment of its social sector. The fiscal deficit - the result of chronically low tax collection and increased spending, including reconstruction costs from the October 2005 earthquake - appears manageable for now. GDP growth, spurred by gains in the industrial and service sectors, remained in the 6-8% range in 2004-06. Inflation remains the biggest threat to the economy, jumping to more than 9% in 2005 before easing to 7.9% in 2006. The central bank is pursuing tighter monetary policy - raising interest rates in 2006 - while trying to preserve growth. Foreign exchange reserves are bolstered by steady worker remittances, but a growing current account deficit - driven by a widening trade gap as import growth outstrips export expansion - could draw down reserves and dampen GDP growth in the medium term.
In 2007 Missouri exported $38,639,414 in goods to Pakistan. This ranks Pakistan 39th among the 223 international buyers of Missouri goods. Missouri exports to Pakistan increased from the previous year by $31,220,929 a change of 420.85%. State exports to Pakistan have increased over the last 5 years by $35,773,202 a change of 1248.01%. Missouri exports account for .29%. of all 2007 US exports to Pakistan.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 2,866,212 | 2,585,070 | 4,646,954 | 4,871,724 | 7,418,485 | 38,639,414 | |
| 000 - Total All Industries US | 693,876,455 | 839,607,225 | 1,810,721,860 | 1,246,939,665 | 1,989,532,631 | 2,035,079,460 | |