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{{Short description|Economy of Azad Kashmir (Pakistan)}} |
{{Short description|Economy of Azad Kashmir (Pakistan)}} |
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[[File:Neeulm Valley AJK (Arang Kel).jpg|thumb|”'[[Neelum District|Neeulm Valley]]”’]] |
[[File:Neeulm Valley AJK (Arang Kel).jpg|thumb|”'[[Neelum District|Neeulm Valley]]”’]] |
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The ”’economy of Azad Kashmir”’ is underdeveloped |
The ”’economy of Azad Kashmir”’ is underdeveloped [[per capita income]] and [[List of Pakistani provinces by gross domestic product|provincial GDP]] of Pakistan-administered [[Azad Kashmir]] (AK) are comparatively lower [[Administrative units of Pakistan|other provinces and territories of Pakistan]] and India-administered [[Jammu and Kashmir (union territory)#Economy|Jammu and Kashmir union territory]] (J&K), although Azad Kashmir notably has a literacy rate that is substantially above the [[Literacy in Pakistan|national average of Pakistan]].<ref name=”csis”>”[http://csis.org/files/media/csis/pubs/kashmirexecsummary.pdf Kashmir: The Economics of Peace Building] {{Webarchive|url=https://web.archive.org/web/20120612205136/http://csis.org/files/media/csis/pubs/kashmirexecsummary.pdf |date=2012-06-12 }}”</ref> Azad Kashmir’s economy is mainly dependent on [[Agriculture in Pakistan|agriculture]], followed by the [[remittances]] sent each year by the members of the large [[Kashmiri diaspora]],<ref>[http://tribune.com.pk/story/338591/mini-london-pounds-make-mirpur-a-sterling-site-for-begging/ Mini London: Pounds make Mirpur a sterling site for begging]</ref> and followed by the income of men recruited into the [[Pakistani Armed Forces]] specially from the [[Demographics of Pakistan|Punjabi-dominated]] [[List of districts in Azad Kashmir|southern districts]]. Other locals travel to countries in Europe or the Middle East where they work in labour-oriented jobs. The local tourism industry has potential although it is underdeveloped.<ref name=”csis”/> |
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==History== |
==History== |
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Latest revision as of 10:31, 11 October 2025
Economy of Azad Kashmir (Pakistan)
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The economy of Azad Kashmir is underdeveloped, per capita income and provincial GDP of Pakistan-administered Azad Kashmir (AK) are comparatively lower than other provinces and territories of Pakistan[1] and even more drastically lower than India-administered Jammu and Kashmir union territory (J&K),[2] although Azad Kashmir notably has a literacy rate that is substantially above the national average of Pakistan.[1] Azad Kashmir’s economy is mainly dependent on agriculture, followed by the remittances sent each year by the members of the large Kashmiri diaspora,[3] and followed by the income of men recruited into the Pakistani Armed Forces specially from the Punjabi-dominated southern districts. Other locals travel to countries in Europe or the Middle East where they work in labour-oriented jobs. The local tourism industry has potential although it is underdeveloped.[1]
In 2005, Azad Kashmir’s economy faces challenges including the devastating 2005 Kashmir earthquake and floods, the region is still recovering from the economic effect of this several years later.[1]
In 2013, GDP of Azad Kashmir was US$3.2 Billion.[4]
In 2022, the GDP of Azad Kashmir was US$6.6 billion with per capita income of US$1,512.[5]
As of 2025, the status of economic paraments of Pakistan-administered Azad Kashmir (AK) and India-Administered Jammu and Kashmir union territory (J&K) is as follows:
- FY2024-25 Budget allocation
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- J&K: ₹2.88 lakh crore (US$34 billion) GDP (700% more than AK).[2]
- GDP growth rate
- AK: nearly 3.9%
- J&K: 7.06% ₹2.88 lakh crore (US$34 billion) GDP (2 times more than AK).[2]
