Economy Of Azad Kashmir
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Economy Of Azad Kashmir
The economy of Kashmir is largely a developing one. The per capita income and provincial GDP estimates of Azad Kashmir are comparatively underrated when compared with development in other regions of the country although Azad Kashmir notably has a literacy rate that is substantially above the national average.Kashmir: The Economics of Peace Building' Azad Kashmir's economy is heavily dependent on agriculture, but also relies on remittances sent each year by members of the large Kashmiri diaspora. The Kashmiri diaspora in the United Kingdom have contributed greatly to the development of Azad Kashmir through their in-flow of remittances. In the southern districts, many men have been recruited into the Pakistani Armed Forces. Other locals travel to countries in Europe or the Middle East where they work in labour-oriented jobs. The local tourism industry has potential although is underdeveloped. Challenges faced by Azad Kashmir's economy include the devastating 2005 Kashmir earthquake ...
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Per Capita Income
Per capita income (PCI) or total income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is calculated by dividing the area's total income by its total population. Per capita income is national income divided by population size. Per capita income is often used to measure a sector's average income and compare the wealth of different populations. Per capita income is also often used to measure a country's standard of living. It is usually expressed in terms of a commonly used international currency such as the euro or United States dollar, and is useful because it is widely known, is easily calculable from readily available gross domestic product (GDP) and population estimates, and produces a useful statistic for comparison of wealth between sovereign territories. This helps to ascertain a country's development status. It is one of the three measures for calculating the Human Development Index of a country. Per ...
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List Of Pakistani Provinces By Gross Domestic Product
This is a list of Pakistani administrative units by their gross state product (GSP) (the value of the total economy, and goods and services produced in the respective administrative unit) in nominal terms. GSP is the unit-level counterpart of the national gross domestic product (GDP), the most comprehensive measure of a country's economic activity. Dynamics Pakistan, in 2030, will have a gross domestic product (GDP) of around 1.835 trillion USD, according to trading economics. This value can be further divided into the unit levels (GSP), providing an outlook of how much value each unit contributes to the national GDP. Pakistan has traditionally followed a "top-down" approach in its analysis of economic development; that is, authorities have scarcely attempted to break up national GDP statistics into provincial and subnational units and have focused more on the federation as a whole. Thus, many accounts of provincial GDPs that do exist have usually been projected estimates made by e ...
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Azad Kashmir
Azad Jammu and Kashmir (; ), abbreviated as AJK and colloquially referred to as simply Azad Kashmir, is a region administered by Pakistan as a nominally self-governing entitySee: * * * and constituting the western portion of the larger Kashmir region, which has been the subject of a dispute between India and Pakistan since 1947.The application of the term "administered" to the various regions of Kashmir and a mention of the Kashmir dispute is supported by the tertiary sources (a) and (b), reflecting due weight in the coverage: (a) (subscription required) Quote: "Kashmir, region of the northwestern Indian subcontinent ... has been the subject of dispute between India and Pakistan since the partition of the Indian subcontinent in 1947. The northern and western portions are administered by Pakistan and comprise two areas: Azad Kashmir, Gilgit- Baltistan, the last being part of a territory called the Northern Areas. Administered by India are the southern and southeastern por ...
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Agriculture In Pakistan
Agriculture is considered the backbone of Pakistan's economy, which relies heavily on its major crops. Pakistan's principal natural resources are arable land and water. Agriculture accounts for about 18.9% of Pakistan's GDP and employs about 42.3% of the labour force. The most agricultural province is Punjab where wheat & cotton are the most grown. Mango orchards are mostly found in Sindh and Punjab provinces, making it the world's fourth largest producer of mangoes. Early history Barley and wheat cultivation—along with the domestication of cattle, primarily sheep and goat—was visible in Mehrgarh by 8000–6000 BCE. They cultivated six-row barley, einkorn and emmer wheat, jujubes and dates, and herded sheep, goats and cattle. Residents of the later period (5500 BC to 2600 BC) put much effort into crafts, including flint knapping, tanning, bead production, and metal working. The site was occupied continuously until about 2655 BC. Irrigation was developed in the Indus Vall ...
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Remittances
A remittance is a non-commercial transfer of money by a foreign worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country or homeland. Money sent home by migrants competes with international aid as one of the largest financial inflows to developing countries. Workers' remittances are a significant part of international capital flows, especially with regard to labor-exporting countries. According to the World Bank, in 2018 overall global remittance grew 10% to US$689 billion, including US$528 billion to developing countries. Overall global remittance is expected to grow 3.7% to US$715 billion in 2019, including US$549 billion to developing nations.
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Kashmiri Diaspora
The Kashmiri diaspora refers to Kashmiris who have migrated out of the Kashmir into other areas and countries, and their descendants. India Punjab Estimated, 1,000-1,200 Kashmiri Hindus live in Pathankot, Gurdaspur and Cities of Doaba region and of Punjab. Gujarat 10,000 Kashmiri Hindus live in Gujarat. They settled here after 1990 exodus. Himachal Pradesh The state of Himachal Pradesh in India has the second-largest Kashmiri language speakers after Kashmir Valley and adjoining areas. Kashmiri Pandits migrated to this region over centuries and a including from 1947–48 to 1989–91. Large number of Kashmiri Pandits also came here after the eruption of militancy in the valley . Pakistan Punjab Heavy taxes under the Sikh rule, coupled with famine and starvation, caused many Kashmiri villagers to migrate to the plains of Punjab. These claims, made in Kashmiri histories, were corroborated by European travelers. When one such European traveler, Moorcroft, left the Va ...
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Pakistani Armed Forces
The Pakistan Armed Forces (; ) are the Military, military forces of Pakistan. It is the List of countries by number of military and paramilitary personnel, world's sixth-largest military measured by Active duty, active military personnel and consist of three formally uniformed services—the Pakistan Army, Army, Pakistan Navy, Navy, and the Pakistan Air Force, Air Force, which are backed by several paramilitary forces such as the Pakistan National Guard, National Guard and the Civil Armed Forces. According to Global Firepower, the Pakistan Armed Forces are ranked as the 9th most powerful military in the world. A critical component to the armed forces' structure is the Strategic Plans Division Force, which is responsible for the maintenance and safeguarding of Pakistan's Tactical nuclear weapon, tactical and Strategic nuclear weapon, strategic Pakistan and weapons of mass destruction, nuclear weapons stockpile and assets. The President of Pakistan is the Commander-in-Chief of the P ...
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2005 Kashmir Earthquake
The 2005 Kashmir earthquake occurred at on 8 October in Pakistani-administered Azad Kashmir. It was centred near the city of Muzaffarabad, and also affected nearby Balakot in Khyber Pakhtunkhwa and some areas of Indian-administered Jammu and Kashmir. It registered a moment magnitude of 7.6 and had a maximum Mercalli intensity of XI (''Extreme''). The earthquake was also felt in Afghanistan, Tajikistan, India, and the Xinjiang region. The severity of the damage caused by the earthquake is attributed to severe upthrust. Over 86,000 people died, a similar number were injured, and millions were displaced. It is considered the deadliest earthquake in South Asia, surpassing the 1935 Quetta earthquake. Earthquake Kashmir lies in the area of collision of the Eurasian and Indian tectonic plates. The geological activity born out of this collision, also responsible for the birth of the Himalayan mountain range, is the cause of unstable seismicity in the region. The United States Geolo ...
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Economy Of Azad Kashmir
The economy of Kashmir is largely a developing one. The per capita income and provincial GDP estimates of Azad Kashmir are comparatively underrated when compared with development in other regions of the country although Azad Kashmir notably has a literacy rate that is substantially above the national average.Kashmir: The Economics of Peace Building' Azad Kashmir's economy is heavily dependent on agriculture, but also relies on remittances sent each year by members of the large Kashmiri diaspora. The Kashmiri diaspora in the United Kingdom have contributed greatly to the development of Azad Kashmir through their in-flow of remittances. In the southern districts, many men have been recruited into the Pakistani Armed Forces. Other locals travel to countries in Europe or the Middle East where they work in labour-oriented jobs. The local tourism industry has potential although is underdeveloped. Challenges faced by Azad Kashmir's economy include the devastating 2005 Kashmir earthquake ...
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