From 1993 to 1997, real growth in the agricultural sector averaged 5.7% but has since declined to about 4%. A bulk of Pakistan's exports are directed to the OECD region and China. Average annual real GDP growth rates[61] were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Presently, more than 3,000 CNG stations are operating in the country in 99 cities and towns, and 1000 more would be set up in the next two years. Fiscal Sustainability: A Historical Analysis of Pakistan’s Debt Conundrum. There is vast potential for precious and dimension stones. King Air 350 and 350ER variants in service. [39] The economy is semi-industrialized, with centres of growth along the Indus River. [citation needed], The textile sector accounts for 70% of Pakistan's exports, but the working conditions of workers are deplorable. [citation needed], The most important crops are wheat, sugarcane, cotton, and rice, which together account for more than 75% of the value of total crop output. [60], Pakistan was a middle class and predominantly agricultural country when it gained independence in 1947. 100mm disposable anti-tank rocket launcher, Alcotán-AT (M2) variant in service. [196] In 2011, the country has had a consistently poor ranking at the Transparency International's Corruption Perceptions Index with scores of 2.5,[197] 2.3 in 2010,[198] and 2.5 in 2009[199] out of 10. Based on M47 tank. Pakistan is manufacturing and selling weapons to over 40 countries, bringing in $20 million annually. Note : This is the merchandised trade data (export and import) as released by the SBP. Whereas fifth company, Warid Pakistan did not participate in the auction procedure, But they launched 4G LTE services on their existing 2G 1800 MHz spectrum due to Technology neutral terms and became world's first Telecom Company to transform directly from 2G to 4G. [186] The government decided in 2011 to cut off ties with the IMF. “Double Ay Ustad”. Biometric reverification of SIMs in 2015 had an adverse impact on the cellular subscriber base when subscribers count dropped from 139.9 million to 114.6 million. To boost Pakistan's unstable foreign-exchange reserves, Qatar announced to invest $3 billion the form of deposits and direct investments in the country. Pakistan government spent over 1 trillion Rupees (about $16.7 billion) on poverty alleviation programmes during the past four years, cutting poverty from 35% in 2000–01 to 29.3% in 2013 and 17% in 2015. In Argentina, it is known as "trocha ancha" (Spanish for broad gauge). [99] [159] Total expenditures witnessed a downward trajectory without compromising the expenditures on development projects and social assistance. However, by 2013, Pakistan's cement is fast-growing mainly because of demand from Afghanistan and countries boosting real estate sector, In 2013 Pakistan exported 7,708,557 metric tons of cement. MO-81-61C and MO-81-61L variants in service. All the major crops showed a positive trend in their production except maize. Pakistan Trains and Buses The national railway company is Pakistan Railway, which operates a comprehensive network across the country. [126][127][128] Pakistan is one of the largest manufacturers and exporters of surgical instruments.[129][130]. [67], With improvement in ease of doing business ranking and giving an investment friendly road map from government, many new auto sector giants like France's Renault, South Korean's Hyundai and Kia, Chinese JW Forland and German auto giant Volkswagen are considering entry in Pakistan auto market through joint ventures with local manufacturers like Dewan Farooque Motors, Khalid Mushtaq Motors and United Motors. [177], Pakistan receives economic aid from several sources as loans and grants. On 14 August 2010, Pakistan became the first country in the world to experience EVDO's RevB 3G technology that offers maximum speeds of 9.3 Mbit/s. 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