Under Vision 2030, the government of Pakistan plans to raise the ratio of trade to gross domestic product (GDP) to 60% from 30% in 2007. To achieve this target, it launched the National Trade Corridor Improvement Program (NTCIP), which aims to bring about better connectivity and trade facilitation through improved logistics, and consequently enhance export competitiveness and diversification.
Pakistan’s nationalization program in the 1970s led to significant government ownership of companies and parastatal bodies across all economic sectors. Recognizing the limitations of this setup, the government started privatizing selected entities in the 1990s.
Agriculture is an important driver of Punjab province’s economic growth and a pillar of Pakistan’s food security. During the early 2000s, it accounted for more than 26% of Punjab’s gross domestic product and employed over 40% of the provincial labor force. Punjab’s contribution to the country’s agriculture sector was estimated at 57%.
Sindh is the second most populous province in Pakistan. In 2006, it had a total 38 million people, nearly half of whom lived in the urban areas. Karachi and Hyderabad, the province’s two largest cities, accounted for about 70% of the urban population.