Obviously, at that time, the industry was ill-organised and progressed in a haphazard manner producing low quality toys and household utensils on hand molding machines. The government plans to expand the mill's annual capacity to 3 million tons. Plastics industry in Pakistan is one of the oldest in the country and its existence can be traced out even in the year 1947 when Pakistan came into being. According to statistics from the Pakistan Bureau of Statistics for the years 2015-16, the retail sector is worth $32.89 Billion, which represents around 18.6% of GDP. Pakistan is a federal parliamentary republic in South Asia on crossroads of Central Asia and Western Asia.Economists estimate that Pakistan has been part of the wealthiest region of the world throughout the first millennium CE having the largest economy by GDP. Pakistan is receiving an increasing amount of investments hailing the nation’s joint decision with China to revive the old Silk Route. Pakistan Steel, the country's only integrated steel mill, employs about 14,500 workers and has an annual production capacity of 1.1 million tons. Food processing is considered Pakistan's largest industry, accounting for slightly more than 27 of value-added production. Industrial Production in Pakistan averaged 4.57 percent from 1990 until 2020, reaching an all time high of 35.15 percent in April of 1991 and a record low of -42.03 percent in April of 2020. 2. There are approximately 2 million retail outlets in the country. 1. https://ilm.com.pk/pakistan/pakistan-information/major-industries-of-pakistan This advantage was lost in the 18th century as other regions edged forward such as China and Western Europe. Its overall score has decreased by 0.2 point because of a drop in the fiscal health score. Quick Contacts. NUMBER OF REPORTING ESTABLISHMENTS. Factsheet Pakistan 1 Lina Stotz Facts on Pakistan’s Garment Industry Key statistics: Population (2014): approximately 187,561,850 people making it the sixth most populous country.1 Employment in garment industry (2013): about 15 million people;2 38% of the manufacturing labour force works in the garment industry3 and about 20% work in the textile industry (in mills and such)4 Library: 051-9248107; Literature Requests: 051-9248103 Ext:104; Journal (PJCIS): 051-9248102; IT Section: 051-9248111 EMPLOYMENT AND EMPLOYMENT COST (PRODUCTION WORKERS) ... Pakistan Bureau of Statistics Statistics House, 21-Mauve Area, G-9/1, Islamabad, Pakistan In 2020, 35.89 percent of the workforce in Pakistan worked in the agricultural sector, about a quarter worked in industry, and 38.32 percent in the services sector. EMPLOYMENT AND EMPLOYMENT COST (ALL EMPLOYEES) 3(B). 3(A). Industrial Production in Pakistan increased 14.37 percent in November of 2020 over the same month in the previous year. Industry Tables. SUMMARY STATISTICS. The economy of Pakistan is growing at a steady pace, which in turn, allows different industries to invest in Pakistan and also allows different sectors within the country to thrive as well. Pakistan’s economic freedom score is 54.8, making its economy the 135th freest in the 2020 Index. So far the consumer industry of Pakistan has made immense contribution to the economic sector of Pakistan.
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