Pakistan's industrial sector accounts for about 24% of GDP. Cotton textile production and apparel manufacturing are Pakistan's largest industries, accounting for about 66% of the merchandise exports and almost 40% of the employed labour force. Other major industries include cement, fertiliser, edible oil, sugar, steel, tobacco, chemicals, machinery, and food processing.
The government is privatizing large-scale industrial units, and the public sector accounts for a shrinking proportion of industrial output, while growth in overall industrial output (including the private sector) has accelerated.
The automobile industry in Pakistan includes companies involved the production/assembling of passenger cars, light commercial vehicles, trucks, buses, tractors and motorcycles. The auto spare parts industry is an allied of the auto industry. The auto & allied industry form a major sector in Pakistan.
There are 12 automobile companies listed on the Karachi Stock Exchange under the sector of Auto & Allied. The car industry in Pakistan primarily comprises of four players, all of which are Japanese. These are Pak Suzuki Motor Company Ltd., Indus Motor Company Ltd., Honda Atlas Cars Ltd. And Ghandhara Nissan Ltd. Amongst these, the first players comprise the major position in the market. Naya daur Motors are the manufacturers of Kia. The market for Buses and trucks include Hino-Pak Motor, National Motor, Ghandhara Nissan Diesal etc. The tractors market comprises of Al-Ghazi Tractors, Millat Tractors.
Agriculture constitutes the largest sector of our economy. Majority of the population, directly or indirectly, dependent on this sector. It contributes about 24 percent of Gross Domestic Product (GDP) and accounts for half of employed labour force and is the largest source of foreign exchange earnings.
It feeds our whole rural and urban population. Realizing its importance, planners and policy makers are always keen to have reliable area and production statistics of agricultural crops well in time. Policy makers primarily need accurate and timely statistics for the important crops such as wheat, cotton, rice, sugarcane, maize etc. However, in recent years, due to persistent hikes in the prices of essential commodities like pulses, onions, potatoes, chillies and tomatoes these crops have also gained in economic importance.
In 2005, Pakistan produced 21,591,400 metric tons of wheat, more than all of Africa (20,304,585 metric tons) and nearly as much as all of South America (24,557,784 metric tons), according to the FAO. The country was expected to harvest 47 to 64 million tons of wheat in 2015. Pakistan has also cut the use of dangerous pesticides dramatically.
Mining is an important industry in Pakistan. Pakistan has deposits of several minerals including coal, copper, gold, chromite, mineral salt, bauxite and several other minerals. There are also a variety of precious and semi-precious minerals that are also mined. These include peridot, aquamarine, topaz, ruby, emerald, rare-earth minerals bastnaesite and xenotime, sphene, tourmaline, and many varieties and types of quartz.
The Pakistan Mineral Development Corporation is the responsible authority for the support and development of the mining industry. Gemstones Corporation of Pakistan looks after the interests of stake holders in gemstone mining and polishing as an official entity. Baluchistan province is the richest in mineral resources available in Pakistan. While recently Sindh discovered coal deposits in Thar. Khyber Pakhtoonkhwa is rich in gems. Most of the mineral gems found in Pakistan exist here. Apart from oil, gas and some mineral used in nuclear energy purposes which comes directly under federal control mining of other minerals is provincial issue. Currently around 52 minerals, are mined and processed in Pakistan.
Khewara Salt Mines are the world’s 2nd largest salt mines.
The Government of Pakistan has provided a reliable IT infrastructure and its package of incentives have been instrumental in the IT industry's development. As a result, an increasing number of foreign IT companies have chosen Pakistan for their outsourcing operations.
These incentives include
Provision of low-rent Software Technology Parks (STPs), with fiber-optic connectivity, libraries and conference rooms.
100% ownership of equity allowed to investing foreign IT/ITeS companies.
Income Tax exemption for IT companies till 2016.
100% repatriation of profits allowed to IT companies.
Seven years' tax holiday for venture capital funds.
Minimum rate of 30% depreciation on computer equipment.
The State Bank of Pakistan (SBP) has allowed banks to open Internet Merchant Accounts.
Availability of instant, reliable and high-speed connectivity.
Over 85% of telecommunication infrastructure is on fiber-optic cables.
Internet access is available in over 2000 cities/towns across Pakistan.
Reduction in cost of 2 Mbps connection to US$ 500 to 700 per month.
Call centers can avail redundant backup connectivity through Pakistan Telecommunication Company Limited (PTCL).
According to recently revealed numbers by the Ministry of Information Technology (MoIT),Pakistan IT exports have increased by 41 percent during the last fiscal year. Revenues generated through IT exports have grown to $2.5 billion during the fiscal year 2014-15.
Team Pakistan won 3 Gold Awards and 1 Silver Award at the Asia Pacific ICT Awards (APICTA) 2015 ceremony held in Colombo on 22nd November 2015.