WThe economy of Pakistan is the 26th largest in terms of purchasing power parity (PPP), and 46th largest in terms of nominal gross domestic product. Pakistan has a population of over 220 million people, giving it a GDP per capita(nominal) of $1543 which ranks 181st, and giving it a GDP per capita(PPP) of $5,964 which ranks 174th in the world.
WEconomic Advisory Council is a non-constitutional and independent body formed to give economic advice to the Government of Pakistan, specifically the Prime Minister.
WThe Economic Cooperation Organization or ECO is an Asian political and economic intergovernmental organization which was founded in 1985 in Tehran by the leaders of Iran, Pakistan, and Turkey. It provides a platform to discuss ways to improve development and promote trade and investment opportunities. The ECO is an ad hoc organisation under the United Nations Charter. The objective is to establish a single market for goods and services, much like the European Union. The ECO's secretariat and cultural department are located in Iran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan.
WThe forestry sector of Pakistan is a main source of lumber, paper, fuelwood, latex, medicine as well as food and provide ecotourism and wildlife conservation purposes. 1.91% of Pakistan's land is covered in forest.
WGadani ship-breaking yard is the world's third largest ship breaking yard located across a 10 km (6.2 mi) long beachfront at Gadani, Pakistan. The yard consists of 132 ship-breaking plots. It is located about 40 km (25 mi) northwest of Karachi, the largest city of Pakistan.
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WThe Ministry of Finance and Revenue or Ministry of Finance is a ministry of the Government of Pakistan tasked to ensure a strong Pakistani economy by developing policies of sound economic management and providing expert advice to the government.
WThe National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. As per Constitution, the program awards the designs of financial formulas of economic distribution to provincial and federal government for five consecutive years. All together, a total of seven awards has been reimbursed since its emergence in 1951, by Prime Minister Liaquat Ali Khan. Stipulations and directions mentioned by the Constitution, the provisional governments and federal government competes to get higher share of the program's revenues in order to stabilize their own financial status.
WThe Pakistan Stock Exchange is a stock exchange in Pakistan with trading floors in Karachi, Islamabad and Lahore. PSX was classifed by MSCI as a Frontier Market on September 8 2021
WPakistan has been a member of the International Monetary Fund (IMF) since 1950. Due to unpredictable nature of the economy and heavily dependent on imports, IMF has given loan to Pakistan on twenty-two occasions since its membership, recent in 2019.
WThe Pakistani rupee has been the official currency of Pakistan since 1948. The coins and notes are issued and controlled by the central bank, namely State Bank of Pakistan.