role of industries in the economy of pakistan
TRANSCRIPT
8
Role Of Industries In The Economy Of Pakistan
CONTEXT• Industry• Industrial sector Accounts (24.3% of
GDP)•Role of industries in the economy of
Pakistan •Problems to Industries in pakistan•Solution of the problems
industry• “industry refers to that sector of economy which is related
with manufacturing and production of products.• Major Industries in Pakistan
Textile IT industryMining and extraction
Cement
Telecom SportsSurgical
Suger fertalizer
Textile Industry• major contributer to foriegn exchange, cotton and cotton
based products accounts for 61% in export• 3rd largest exporter of the world• Over 1.3 million farmers, upto 5 million are involved in the
cultivation of this crop• 8.5% contribution to GDP • Scarf, winter Shawls, wool fibrics, Blankets etc are the
products of Textile
Sugar industry
• In Pakistan in 1947 there were only two suger industries• At present 106 suger mills are opreating in pakistan• It is 2nd largest industry after textile• 15th rank in the world in suger production • Employment 1 million• GDP contribution is 0.7%
Cement Industry• Cement contribution in GDP is 3.5% • Exported last year 700 million USD (47% increaed)• Pakistan has ranked 5th position in world exporter of
cement• Total companies 23, 4 forigen and 3 controlled by
armed forces• 19 are listed in stock exchange
Fertilizer industry
• Fertilizer is any oraganic and inorganic products added to soil to supply plant nutritent.• Major products are Uera, DAP, NP, CAN, SSP• Contribution of fertilizers are 14% in GDP• Emlpoyment are 4.7 million• Major fertilizer corporations are FFCL Pak Arab fertilizer Engro fertilizer Fatima fertilizer
Sports Industry
• Sport goods are football, hockey sticks, cricket bat, volley ball, golf ball, badminton rackets, basket ball, boxing gloves• 40 million balls are anually exported worth 210 USD• Sialkot export 70% of sports products to international. • increased 7.8% in last year• Employement more than 200,000• Exporting goods worth $450 million • Total companies 2400
Mining and extraction industry• Pakistan has natural resuorces over 600,000 km2
• Coal, Gas, Salt, Gold, Marbel, Gam stones, are big resources• Only Gold production is 450 crore USD• Oil extruction, Marbel industry provide a lot of
employement
• Gold, copper Reserves is esti-mated to $260billion
Telecom Industry
• Telecommunication is the transmission of information over significance distance• Major categories are Telephone, Mobiles, Internet• Contribution in GDP is 6%• Created 220,000 high paying job• Pakistan is now a leader in mobile usage in south Asia• Jazz, warid, telenor, ufone,Zong, PTCL are major TelecomCompanies
GDP Contribution of Different Sectors of Economy
• Agriculture 20.47%• Crops 9.90%• Livestock 9.97%• Fishing 0.33%• Forestry 0.25%
• Industry 23.93%• Manufacturing 17.53%• Mining 2.39%• Construction 2.19%• Electricity & Gas 1.80%
• Services 55.60%• Wholesale & Trade 17.25%• Transport 11.80%• Finance & Insurance 3.59%• Ownership 2.22%• Public Administration & Defense 5.4%• Community & Social Professional Services 10.22%
Problems to the industrial Sector of Pakistan
Power shortage
Lack of trained manpower
Diffeculty in export
Lack of new technology
Changing political and economic policies
Bad law and order situation resulting in lower investment
Higher interest rate
Terorisum which reflects foreign investors
Following are main problems to industrial which make obsticle in the way of growth in their producton, result in transforing industries to other countries.
Suggested solution
Forigen investmentAttract foringen cargo
airlines Micro cridit
Innovative technology
Substitute of powers (oil, gas, wind mills)
Decrease interest rate privitization
Traning of labour Research development
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