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Pakistan |
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Punjab’s economy Punjab’s economy is mainly agricultural, although industry makes a substantial contribution. The
province is playing a leading role in agricultural production. It
contributes about 68% to annual food grain production in the
country. 51 million acres is cultivated and another 9.05 million
acres are lying as cultivable waste in different parts of the
province. Cotton
and rice are important crops. They are the cash crops that
contribute substantially to the national exchequer. Attaining
self-sufficiency in agriculture has shifted the focus of the
strategies towards small and medium farming, stress on barani areas,
farms-to-market roads, electrification for tube-wells and control of
water logging and salinity. Punjab
has also more than 48 thousand industrial units. The small and
cottage industries are in abundance. There are 39,033 small and
cottage industrial units. The number of textile units is 11,820. The
ginning industries are 6,778. There are 6,355 units for processing
of agricultural raw materials including food and feed industries. Lahore
and Gujranwala Divisions have the largest concentration of small
light engineering units. The district of Sialkot excels in sports
goods, surgical instruments and cutlery goods. Punjab is also a mineral rich province with extensive mineral deposits of coal, rock-salt, dolomite, gypsum, silica-sand. The Punjab Mineral Development Corporation is running over a dozen economically viable projects.
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