INDUSTRY
INDUSTRY
The country has immense reserves of various minerals and natural resources. Important minerals
found in Pakistan are gypsum, limestone, chromites, iron ore, rock salt, silver, gold, precious
stones, gems, marble, copper, coal, graphite, sulphur, fire clay, silica. The salt range in Punjab
Province has one of the largest deposit of pure salt founded in the world. Balochistan province is
a mineral-rich area having substantial mineral, oil and gas reserves which have not been
exploited to their full capacity or fully explored, recent government policies have begun to
develop this region of the country and to tap into the immense resources found there. The
province has significant quantities of copper, chromite and iron, and pockets of antimony and
zinc in the south and gold in the far west. Natural gas was discovered near Sui in 1952, and the
province has been gradually developing its oil and gas projects over the past fifty years.[3]
Major reserves of copper and gold in Balochistan's Reko Diq area have been discovered in early
2006. The Reko Diq mining area has proven estimated reserves of 2 billion tons of copper and 20
million ounces of gold. According to the current market price, the value of the deposits has been
estimated at about $65 billion, which would generate thousands of jobs.
The discovery has ranked Rekodiq among the world's top seven copper reserves. The Rekodiq
project is estimated to produce 200,000 tons of copper and 400,000 ounces of gold per year, at an
estimated value of $1.25 billion at current market prices. The copper and gold are currently
traded at about $5,000 per ton and $600 per ounce respectively in the international market.[4]
Khyber Pakhtunkhwa Province accounts for at least 78% of the marble production in Pakistan.
Pakistan is home to some of the most finest and purest grades of marble, granite and slate found
in the world. Much of the grades A Marble that is exported out of European countries like Italy
actually have their origins in Pakistan which previously lacked fine polishing and processing
machinery. The Government has taken steps to invest in this crucial sector with the recent
establishment of a Marble City within Balochistan.[1]69
The Federal Bureau of Statistics provisionally valued this sector at Rs.211,851 million in 2005
thus registering over 99% growth since 2000.[5]
Pakistan's first oil field was discovered in the late 1952 in Balochistan near a giant gas field at
suo Sui in Balochistan. The Toot oilfield was discovered in the early 1960s Islamabad in the
Punjab. Production has steadily increased since then.[6]
Pakistan's first gas field was the giant gas field at Sui in Balochistan which was discovered in the
late 1952.[7] Pakistan is also a major producer of Bituminous coal, Sub-bituminous coal and
Lignite. Coal mining started in the British colonial era and has continued to be used by Pakistani
industries after independence in 1947.[8][9]
Pakistan produced about 45 tonnes of Uranium in 2006.[10]
Manufacturing
In FY 2002–03, real growth in manufacturing was 7.7%. In the twelve months ending 30 June
2004, large-scale manufacturing grew by more than 18% compared to the previous twelve-month
period. The textile and garment industry's share in the economy along with its contribution to
exports, employment, foreign-exchange earnings, investment and value added make it Pakistan's
single largest manufacturing sector. The industry comprises 453 textile mills: 50 integrated units;
and 403 spinning units, with 9.33 million spindles and 148,000 rotors, The capacity utilization
was 83% for spindles and 47% for rotors during 2003.[1]
Automotive Industry
Pakistan's automotive industry is the one of the fastest growing industries of the country,
accounting for 4% of Pakistan's GDP and employing a workforce of over 1,800,000 people.[12]
Currently there are over 3200 automotive manufacturing plants in the country, with an
investment of ₨92 billion (US$570 million) producing 1.8 million motorcycles and 200,000
vehicles annually. Its contribution to the national exchequer is nearly ₨50 billion
(US$310 million). The sector, as a whole, provides employment to 3.5 million people and plays
a pivotal role in promoting the growth of the vendor industry. Pakistan's auto market is
considered among the smallest, but fastest growing in South Asia. Over 180,000 cars were sold
in the fiscal year 2014–15, rising to 206,777 units fiscal year 2015–16. this is an old data, please
verify before publish
Technology
Pakistan has huge potential for the technology industry, which includes software development
and electronics manufacturing. Pakistan Aeronautical Complex recently started the
manufacturing of Tablet PCs, Ebook readers, and notebooks in collaboration with INNAVTEK
of China. Software development also has a huge potential, which is being utilized as a result of
numerous projects initiated by the Government of Pakistan.