By Staff Reporter
ISLAMABAD: Finance ministry has launched ‘75 years Economic Journey of Pakistan’ to commemorate 75th Independence Day of the country, highlighting how GDP, exports, per capita income and tax revenues increased during the period.
Sharing details of the economy during the period of 75 years since independence, the finance ministry shared that the nominal GDP rose from US$3 billion to US$383 billion from 1950-2022 while GDP growth boosted from 1.8 percent in 1950 to 5.97 percent in 2022.
It stated that between 1950 and 2022, the per capita income increased from US$86 to US$1,798. From 1950 to 2022, exports increased from $163.9 million to $32.5 billion, the report stated, adding that tax receipts increased from Rs0.31 billion to Rs6126.1 billion. In summarising the economic journey, the finance ministry noted that in 1949–1950, agriculture accounted for 59.9% of the total GDP and that the green revolution began in the early 1960s. Out of 921 industrial units, Pakistan only received 34 at the time of independence.
