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Pakistan is a poor country and its economic outlook is bleak. It relies
heavily on foreign loans and grants, and debt obligations take nearly 50
percent of the government's expenditures. The average per capita
income per person in Pakistan is estimated at $460 (U.S.). A large number
of Pakistanis, estimated at 35 percent, live below the poverty line.
Land Tenure and Property.
An estimated 54.69 million acres (22.14 million hectares) of land are
used for agriculture. The major crops are cotton, wheat, rice, and
sugarcane. A large amount of land in Pakistan has archaeological sites,
such as Moenjo Daro, Harappa, Taxila, Kot Dijji, and Mehr Garh.
Commercial Activities.
A large percentage of the commercial activities include the sale of
handicraft items such as the carpets for which Pakistan is well known.
Major Industries.
Major industries of Pakistan include textiles, cement, fertilizer, steel,
sugar, electric goods, and shipbuilding.
Trade.
Pakistan's major exports include cotton, textile goods, rice,
leather items, carpets, sports goods, fruit, and handicrafts. Major
imports include industrial equipment, vehicles, iron ore, petroleum, and
edible oil. Trade partners include the United States, Hong Kong, Japan,
Germany, the United Kingdom, and the United Arab Emirates.
