Economy of Lahore

The head office for Pakistan International Airlines in Lahore

The economy of Lahore has a diversified base spanning from telecommunication, information technology, manufacturing industry, engineering, pharmaceuticals, steel, chemicals and construction material.

Gross domestic product [ edit ]

Pakistan and its two largest city economies. Source:[1]

As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion with a projected average growth rate of 5.6 percent.[2] This is at par with Pakistan's other economic hub, Karachi, with Lahore (having half the population) fostering an economy that is 51% of the size of Karachi's ($78 billion in 2008).[2] The contribution of Lahore to the national economy is estimated to be 11.5% and 19% to the provincial economy of Punjab. [3]

Industries [ edit ]

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.[4] Some 42% of its work force is employed in finance, banking, real estate, community, cultural, and social services.[4] The city is the country’s largest software producing center,[4] and hosts a growing computer-assembly industry.[4]

Small-scale industries [ edit ]

Lahore is the hub of handmade carpet manufacturing in Pakistan.[5] 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-wefted designs in Turkoman and Caucasian style and double-wefted Mughal types.

Projects [ edit ]

Among the projects currently under construction in Lahore is the long-delayed Lahore Expo Centre.[6]

Defense Raya Golf Resort, also under construction, will be Pakistan's largest and Asia's largest golf course. The project is the result of a partnership 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.[7]

See also [ edit ]

References [ edit ]

  1. ^ "Urban world: Cities and the rise of the consuming class". Retrieved 2 September 2012.
  2. ^ a b "Global city GDP rankings 2008–2025". PricewaterhouseCoopers. Archived from the original on 13 May 2011. Retrieved 12 February 2010.
  3. ^ "Lahore's Shahbaz growth rate". Express Tribune. 29 September 2017. Retrieved 8 November 2017.
  4. ^ a b c d Asian Development Bank. "Rapid Mass Transit System Project" (PDF). Archived from the original (PDF) on 16 August 2010. Retrieved 1 January 2009.
  5. ^ "A Brief Introduction to Carpet Weaving History of Pakistan". Al Rug. Retrieved 1 July 2007. [permanent dead link]
  6. ^ Expo Center Lahore. YouTube. Retrieved on 22 October 2011.
  7. ^ Defence Raya – Overview of Defence Raya in DHA Lahore Pakistan. Retrieved on 22 October 2011.
What is this?