Agriculture is central to the economic growth of Punjab and the incomes of the poor rural households in the province. But underperforming irrigation infrastructure and institutions constrained the productivity of irrigated agriculture that, at program appraisal, covered 8.4 million hectares, accounted for more than 26% of the provincial gross domestic product (GDP) and 66% of the national agri
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. Still, as of 2014, it owned 191 public sector enterprises (PSEs), some of which were profitable, while most were struggling to make p
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 agricultural production was estimated at 57%.
During program preparation, Pakistan’s power system had insufficient capacity to meet growing demand, and electricity was routinely rationed during peak demand.
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