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Overview of the Construction and Mining Industry in Pakistan and How to Buy Equipment.

Pakistan

Pakistan is a South Asian country bordering India, Iran, Afghanistan, China, and the Arabian Sea.

Pakistan has a population of 216.6 million.
Capital: Islamabad
Official Languages: Urdu, English
Total Area: 881,913 km²
Currency: Pakistani Rupee (PKR)

Economic Statistics of Pakistan

As of 2019, Pakistan’s Gross Domestic Product (GDP) amounted to 278.2 billion USD. Forecasts show that by 2024, the GDP is expected to be at 376.40 billion USD.

Economic Sector Divide

As of 2019, the share of economic sectors in the GDP of Pakistan was

Agriculture: 22.04%
Industry: 18.34%
Services: 53.86%

Trade Statistics

The main import-export partners of the country are:

Major Import Partners

China: 24.18%
The United States 4.90%
Saudia Arabia: 5.39%
United States: 4.90%
Indonesia: 4.16%

Main Export Partners

United States: 16.09%
China: 7.69%
United Kingdom: 7.32%
Afghanistan: 5.70%
Germany: 5.55%

Industries of Pakistan

Mining Industry of Pakistan

Pakistan has some of the biggest mineral reserves in the world. The country is blessed with exceptional geological and geomorphological features. Out of the 92 known minerals, 52 are commercially exploited. The dominant minerals include coal, copper, mineral salt, gold, and chromite.

However, the exponential potential of Pakistan’s mining sector remains untapped. It contributed 2.51% to the country’s GDP. In 2019, the mineral exports accounted for 1.13 billion USD dollars which is significantly less than the mineral imports of the country.

There are, however, opportunities in the market as the country inculcates a conducive environment for new mining companies and works on the governing policies. Camamach is the perfect choice to look for reasonably priced mining and mineral processing equipment that’ll help improve the output.

Construction Industry of Pakistan

Pakistan has one of the fastest-growing populations in the world. The construction industry remains an active industry with 7.61% of the country’s labor force and 380 billion PKR contribution to the country’s GDP.

The pending cases pertaining to the industry are expected to add 1.1 trillion PKR monetary value, and the industry is valued at 2705.5 billion PKR by 2028. What’s more is that the government of Pakistan is invested in the Naya Pakistan Housing Scheme, which is a mega construction scheme spread across the country. In short, the construction sector seems to have a good future ahead.

You can take advantage of the opportunities with Camamach and bring in the best construction equipment available at competitive rates

Seaports and Trading Hubs of Pakistan

The main 5 seaports of Pakistan are:

Port of Karachi
Gwadar Port
Keti Bunder Sea Port.
Port Muhammad Bin Qasim

For imports, Camamach uses the Port of Karachi.

What heavy machinery or equipment does Pakistan Import?

Pakistan is endowed with abundant minerals resources. The development of the mining sector will be crucial in the country’s economic growth. The construction sector is backed by the government and is expected to exponentially grow in the coming years. Some imported machinery includes Mobile Crushers, Trailer Concrete Pumps, Beneficiation Equipment, Heavy Duty Trucks, Concrete Batching Plants, etc.

What regulations are there on importing equipment to Pakistan?

Importing in Pakistan requires you to first register and get the National Tax Number and Sales Tax Number for your company. Everything is governed by Pakistan Customs.

Documentation

The basic documentation for importing into an EU country includes:

Bill of Landing
Invoice
Packing List
Certificate of Origin.
Letter of Credit Copy
Insurance Certificate
Certificates of Inspection (if applicable)

For complete and up-to-date details on customs and taxation, you can visit the official government website.

Why should Pakistan import equipment?

Availability: The capacity of the local Pakistani industry is limited. International distributors, on the other hand, have no shortages of equipment.
High Equipment Cost: Domestic manufacturers are often more costly than overseas distributors.
Expensive Equipment: International vendors consider every aspect and provide a variety of other benefits that customers prefer in the long run.

Where Can I Buy Equipment for Pakistan?

Camamach has years of exporting experience in Pakistan. Feel free to contact us at [email protected] or WhatsApp us at +86-131-2037-9271 for a FREE quotation. We also ship worldwide; for other countries, check out our experience here.