Arada 13/14, Addis Ababa, Ethiopia     +251 111 261492
Pakistan Embassy at Ethiopia Adis Ababa, Pakistan Flag
Pakistan Embassy Ethiopia Adis Ababa, Ethiopia Flag

Pakistan : Economic Perspective

Despite myriad of challenges, Pakistan’s economy is moving progressively on higher inclusive and sustainable growth path on the back of various measures and achievements during the year. The impact of the government's timely and appropriate measures is visible in the form of a V-shaped economic recovery on the back of broad-based growth across all sectors.

Major achievements highlighting the economic performance are mentioned below: -
  • Pakistan is projected to becomne world's 20th largest economy by 2030 and 16th largest by 2050.
  • Textile: 57% share in total export of Pakistan: 4th largest textile producer, 3rd largest cotton producer, 2nd largest exporter of home textile.
  • Pakistan Stock Exchange earned the title of being the best Asian stock market and 4th best-performing market across the world in 2020.
  • Private Consumption has a significantly large share in GDP. This large share implies that Pakistan’s economy is a consumption-driven economy. Growth in private consumption 17 percent in FY2021 as compared to 4 percent last year.
  • Pakistan is blessed with natural as well as human resources. Government is focused to facilitate and produce opportunities for employment.
  • Covid 19: Government took several important policy decisions: monetary and fiscal measures, smart lockdowns, rapid vaccination etc.

MAJOR EXPORTING SECTORS

Pakistan is 2nd largest exporter of home textile.
Pakistan Home Textiles Market is segmented by Type (Bed Linen, Bath Linen, Kitchen Linen, Upholstery, Floor) by End User (Residential, Hospitality and Leisure, Hospital, Offices, Others) by Distribution Channel (Speciality Stores, Supermarkets & Hypermarkets, Online, Others).

Home Textile

Ready made Garments

Yarn & Fabrics

Sports Wear

Pakistan exports all agro and food products including Rice, Wheat, Fruits and Vegetables, Sea Food, Meat, Minrals, Processed Food, Dairy, livestock etc.

Rice, Wheat, Pulses

Fruits & Vegitables

Meat & Sea Food

Himalayan Salt

Pakistan exports sports goods in all sub-categories. Pakistan is among the largest football exports. Pakistan is exporting a large portion of its sports goods from Sialkot to international famous brands like Adidas, Nike, Puma, Lotto, Umbro, Mitre, Micassa, Diador, Wilson and Decathlon.

Footballs

Other Sports Equipment

Sports Wear

Uniforms & Gadgets

Pakistan exports Medical, surgical instruments and appliances; catheters, cannulae, etc. to countries like US, Chile, Germany, Saudi Arabia, Ghana..

Surgical Equipment

Medical Wear

Leather Wear

Leather Products

Pakistan’s automotive industry is gradually establishing itself in the export market. In a recent development on this front, it has been announced that The Sazgar Engineering Works Limited (SEWL) is exporting a batch of auto rickshaws to Ethiopia.

Automobiles

Agricultural Equipment

Cutlery / Utensils

Furniture

Pakistan’s IT Industry has achieved robust growth metrics and counts world’s largest entities among its regular clients. Pakistan’s IT industry now has a mature ecosystem that can serve the needs of global entities at among the lowest of costs, nearly 70% lower than developed markets such as North America

Software Exports

Call Centers / Support

Engineers / Doctors

Skilled Labour

MAJOR Imports

ETHIOPIAN EXPORTS HAVING MARKET POTENTIAL IN PAKISTAN

  • Tea, Ginger, Turmeric, other spices and Coffee.
  • Soya beans, Seeds, fruits and spores, for sowing and other oil seeds.
  • Beans, lentils and Dried leguminous vegetables.
  • Gold, Gems and pearls.

OTHER MAJOR IMPORTS

  • Automobiles, Machinary, Transport Equipments, Automobile spareparts
  • Minerals, Fuel, Lubricants, and all related materials
  • Animal & Vegitable Oils, Oil seeds, Grains
  • Oranic Chemicals, Plastics

Investment Opportunities

Why Invest in Pakistan: A marketplace teeming with possibilities.

  • Geo-strategic Location
    • Asia’s premier trade, energy and transport corridor
    • Gateway to the energy rich Central Asian States, the financially liquid Gulf States and the economically advanced Far Eastern tigers

  • Population and Workforce
    • Fifty-Five percent of population is energetic youth
    • Strong Middle class
    • English proficient workforce
    • Large pool of trained and experienced engineers, bankers, lawyers and other professionals
    • tele-density of over 150 million

  • Liberal Investment Regime
    • Policy Parameters Manufacturing Sector Non-Manufacturing Sectors
        Agricultural Infrastructure & Social Services including IT & Telecom Services
    Govt. Permission Not required except 4 specified industries Not required except specific licenses from concerned agencies
    Remittance of capital, profits, dividends, etc. Allowed Allowed Allowed Allowed
    Upper limit of foreign equity allowed 100% 100% 100% 100%
    Customs duty on import from PME 5% 0% 50% 0-5%
    Tax relief (IDA % of PME cost) 25% 25% 25% 25%
    Royalty & Technical Fee No restriction for payment of royalty & technical fee Allowed as per guidelines - initial lump-sum upto $100,000 - Max rate 5% of net sales - initial period 5 years

  • Special Economic Zones
    • 25 approved / notified special economic zones

  • Special Economic Zones under CPEC
    • 9 Proposed Special Economic Zones under CPEC

  • Priority Sectors
    • Food Processing
    Logistics
    Textile
    Automobiles

    Information Technology
    Housing & Construction
    Tourism


Contact : Trade & Investment Section

Trade and Investment Section at Embassy of Pakistan, Addis Ababa, Ethiopia was established by the Ministry of Commerce, Government of Pakistan in February, 2020 with an aim to enhance bilateral co-operation by furthering trade, investment and economic ties between the two friendly nations.


Important Links

Minister Trade & Investment

  •  mti.addisababa@commerce.gov.pk
  •  +251 111260175
  •  +251 993531844



Trade Development Officer

  •  Mekiyu Yacob/mekiyuya@gmail.com
  •  +251913219220