Lahore Economy is the most flourishing economy among the other cities in Pakistan. It contributes in a major way to the GDP of Pakistan. Lahore is hailed as the industrial belt of Pakistan and is home to the largest IT Park in Pakistan.
Lahore Economy is quite stable and is the major contributor to Pakistan's economy. Pakistan's second largest stock exchange is situated in Lahore. Lahore is the economic hub of Pakistan and the commercial capital of Lahore. Both the government administrative bodies namely, Water and Power Development Authority (WAPDA) and the Water and Sewage Authority (WASA) are located in Lahore and they are operated from here. The IT Park in Lahore is the largest information technology park in Pakistan. This area contributes the most when it comes to software exports. Lahore is also the largest industrial belt in Pakistan. Areas like Kot Lakhpat and the Sundar Industrial Estate (near Raiwand) are the most flourishing regions.
Lahore is expanding in terms of business and much of the rural population has migrated to the city increasing the urban population. The construction industry is growing in Lahore with major projects like Bahria Town, Eden Villas coming up. The carpet
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manufacturing industry in Lahore is one of the most developed industries in Lahore. These carpets are exported and they earn a lump sum in the form of foreign exchange. The carpet manufacturers in Lahore are the best in the world. They make all types of carpets, from the Mughal types to the Caucasian style. Some of the other leading industries in Lahore are the steel factories, textile units and the chemical factories. Lahore is the head quarters of many MNCs and national companies in Pakistan. Some of the names are:
- Telecom Group
- Wateen Telecom
- Tetra Park
- Nestle
- Coca Cola
- Monsanto
- Reebok
- Daewoo
- Porsche
- Rolls Royce
The tourism industry is also growing in leaps and bounds in Lahore. The GDP of Lahore by PPP is around $28million. The economy is growing at a rate of 5.9%.
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