Pakistan at a glance
Publish Date:2007-01-17
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General informationMain imports: Petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel, tea Main import partners: Saudi Arabia, UAE, USA, China, Japan, KuwaitMain exports: Textiles (garments, bed linen, cotton cloth, and yarn), rice, leather goods, sports goods, chemicals, manufactures, carpets and rugsMain export partners: USA, UAE, UK, Germany, Hong KongCurrency: Pakistani rupee (PKR)Local time: GMT +5:00 International dialing code: 92 IntroductionPakistan largely imports hydrocarbons, capital goods, chemical and food processing products, and its major import partners are Saudi Arabia, the United Arab Emirates and America. With export efforts focused mainly on clothing and textile products, the country''s three main export destinations are the United Kingdom, America and the United Arab Emirates. In spite of persistent water shortages, agriculture rests at the center of Pakistan? economy, employing approximately 50 percent of the working population. Cotton, cereals and sugarcane are principle crops. In addition, Pakistan has an abundant supply of natural resources, with its manufacturing industry accounting for 20% of the GDP. After several years of reforms, Pakistani authorities have enabled a fast and steady economic growth within the region. However, foreign investment has been limited as a result of long-running tensions with India. Business etiquettePakistan businesses generally observe a working week from Monday to Friday and business hours are 8:30am to 5:00pm from Monday to Thursday, 8:00am to 4:30pm in Islamabad. Most government offices close at 12:00 noon on Friday for Friday prayers and are open on Saturday mornings.Source: Austrade and The World Fact Book |
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