Large Scale Manufacturing is the fastest growing sector in Pakistani economy

Large scale manufacturing is the fastest growing

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bolster export industries. Large Scale Manufacturing is the fastest-growing sector in Pakistani economy. Major Industries include textiles , fertiliser , cement, oil refineries , dairy products , food processing, beverages , construction materials , clothing , paper products and shrimp . In Pakistan SMEs have a significant contribution in the total GDP of Pakistan, according to SMEDA and Economic survey reports, the share in the annual GDP is 40% likewise SMEs generating significant employment opportunities for skilled workers and entrepreneurs. Small and medium scale firms represent nearly 90% of all the enterprises in Pakistan and employ 80% of the non-agricultural labor force. These figures indicate the potential and further growth in this sector. Pakistan's largest corporation are mostly involved in utilities like oil, gas and telecommunication: Rank Name Headquarters Revenue (Mil. $) 1. Pakistan State Oil Karachi 13,094 2. Pak-Arab Refinery Qasba Gujrat 3,000
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Rank Name Headquarters Revenue (Mil. $) 3. Sui Northern Gas Pipelines Limited Lahore 2,520 4. Shell Pakistan Karachi 2,380 5. Oil and Gas Development Company Islamabad 2,230 6. National Refinery Karachi 1,970 7. Hub Power Company Hub, Balochistan 1,970 8. K-Electric Karachi 1,951 9. Attock Refinery Rawalpindi 1,740 10. Attock Petroleum Rawalpindi 1,740 11. Pakistan Telecommunication Company Islamabad 1,326 12. Engro Corporation Karachi 1,012 13. Fauji Fertilizer Company Limited Rawalpindi 754 Construction material; In 1947, Pakistan had inherited four cement plants with a total capacity of 0.5 million tons. Some expansion took place in 1956–66 but could not keep pace with the economic development and the country had to resort to imports of cement in 1976–77 and continued to do so until 1994–95. The cement sector consisting of 27 plants is contributing above Rs 30 billion to the national exchequer in the form of taxes. However, by 2013, Pakistan's cement is fast-growing mainly because of demand
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from Afghanistan and countries boosting real estate sector, In 2013 Pakistan exported 7,708,557 metric tons of cement. Pakistan has installed capacity of 44,768,250 metric tons of cement and 42,636,428 metric tons of clinker. In the 2012–2013 cement industry in Pakistan became the most profitable sector of economy. Information communication technology industry The information communication technology (ICT) industry grossed over $4.8 billion in 2013. It is expected to exceed the $13 billion mark by 2018. A marked increase in software export figures are an indication of this booming industry's potential. The total number of IT companies increased to 1306 and the total estimated size of IT industry is $2.8 billion. In 2007, Pakistan was for the first time featured in the Global Services Location Index by A.T. Kearney and was rated as the 30th best location for offshoring . By 2009, Pakistan had improved its rank by ten places to reach 20th. According to Pakistan Startup report, there are about 1 million freelancers working from Pakistan mainly via Elance, Upwork, Fiverr, Guru, and freelancer – world's famous online marketplaces that count Pakistan among top 5 freelancing nations. An annual report that updated by
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  • Spring '19
  • Dr. Saboor
  • Karachi, Government of Pakistan

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