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Country Profile – Pakistan : Innovation & Knowledge Centre – Economic Research
A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects, including geography, economy, education, demography, labour, political climate, infrastructure, industry, tax, trade, investment, and ease of doing business. Additionally, the report provides a PESTLE analysis of a country's business climate. The country profile can be an effective tool for businesses in their marketing, strategy, and planning exercises when studying the future prospects of an economy
Pakistan is the 6th largest populous country in the world, having a young demographic profile, with a median age of years.
-Unemployment in the country has risen sharply in 2014-15 as the pace of economic growth has not been sufficient to provide employment to the young population. Majority of the workers are still in informal sector due to lack of skills and education.
-The re-election of Pakistan’s Prime Minister Nawaz Sharif in 2013 has brought in some political stability, however, the situation still remains volatile. Terrorism and domestic violence remain a huge threat to the county’s stability.
- Pakistan is a low middle-income country with a per capita GDP US$ . Economic growth in the country has remained low due to structural issues and no progress on the energy front.-Pakistan is rich in natural resources including arable land, chromite, coal, copper, fireclay, gypsum, iron, limestone, oil, natural gas, rock salt, and silica sand. Pakistan has world’s 5th largest reserves of coal. Mining contributes % to the GDP of the country.
-Industry contributes around percent to GDP. Major industries textiles and apparels, cement, fertilizers, edible oil, sugar, steel, etc.-Trade and investment risks are high in Pakistan due to the country’s trade barriers, high corruption, red tape and security risk.
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