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The economy of
, Lahore had an estimated GDP ( PPP) of $84 billion. , the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%). The contribution of Lahore to the national economy is estimated to be 11.5% and 19% to the provincial economy of Punjab. As a whole Punjab has $115 billion economy making it first and to date only Pakistani Subdivision of economy more than $100 billion at the rank 144.
YouTube. Retrieved 22 October 2011. Defense Raya Golf Resort is an exceptional housing project that spans 400 acres of premium residential and commercial development. The vibrant community is built around the 18-hole international-standard Defence Raya Golf Course and features a wide range of real estate offerings, including luxury apartments, posh villas and ultramodern commercial centres. The project is a joint venture between DHA Lahore and BRDB Malaysia. The rapid development of large projects such as these in the city is expected to boost the economy of the country.
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The economy of Lahore
Lahore ( ; pnb, ; ur, ) is the second most populous city in Pakistan after Karachi and 26th most populous city in the world, with a population of over 13 million. It is the capital of the province of Punjab where it is the largest city ...
has a diversified base spanning from telecommunication, information technology, manufacturing industry, engineering, pharmaceuticals, steel, chemicals and construction material.
Gross domestic product
, Lahore had an estimated GDP ( PPP) of $84 billion. , the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%). The contribution of Lahore to the national economy is estimated to be 11.5% and 19% to the provincial economy of Punjab. As a whole Punjab has $115 billion economy making it first and to date only Pakistani Subdivision of economy more than $100 billion at the rank 144.
Industries
Lahore is the second largest financial hub of Pakistan and has industrial areas including Kot Lakhpat and the new Sundar Industrial Estate (near Raiwand). A major industrial agglomeration with about 9,000 industrial units, Lahore has shifted in recent decades from manufacturing to service industries. Some 42% of its work force is employed in finance, banking, real estate, community, cultural, and social services. The city is the country’s largest software producing center, and hosts a growing computer-assembly industry.Small-scale industries
Lahore is the hub of handmade carpet manufacturing in Pakistan. At present, hand-knitted carpets produced in and around Lahore are among Pakistan's leading export products, and their manufacturing is the second-largest cottage and small industry. Craftsmen in Lahore produce almost every type of handmade carpet using popular motifs such as medallions, paisleys, traceries, and geometric designs. The Lahore Design Centre at the Punjab Small Industries Corporation maintains a separate section of carpet designing to experiment with new designs. Lahore is known for single-weft
Warp and weft are the two basic components used in weaving to turn thread or yarn into fabric. The lengthwise or longitudinal warp yarns are held stationary in tension on a frame or loom while the transverse weft (sometimes woof) is draw ...
ed designs in Turkoman and Caucasian style and double-wefted Mughal types.
Projects
Among the projects currently under construction in Lahore is the long-delayed Lahore Expo Centre.Expo Center LahoreYouTube. Retrieved 22 October 2011. Defense Raya Golf Resort is an exceptional housing project that spans 400 acres of premium residential and commercial development. The vibrant community is built around the 18-hole international-standard Defence Raya Golf Course and features a wide range of real estate offerings, including luxury apartments, posh villas and ultramodern commercial centres. The project is a joint venture between DHA Lahore and BRDB Malaysia. The rapid development of large projects such as these in the city is expected to boost the economy of the country.
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Lahore School of Economics
The Lahore School of Economics (LSE) is an independent research university based in Lahore, Punjab, Pakistan established in 1993 and chartered by the government in January 1997.
It has currently 200 faculty members and over 3,000 students stu ...
References
{{Economy of Pakistan