Economy
A PricewaterhouseCoopers study released in 2009, surveying the 2008 GDP of the top cities in the world, calculated Faisalabad's GDP (PPP) at $14 billion. The city was third behind Karachi ($78 billion) and Lahore ($40 billion). Faisalabad's GDP is projected to rise to $87 billion in 2025 at a growth rate of 5.7%, higher than the growth rates of 5.5% and 5.6% predicted for Karachi and Lahore.
Faisalabad has a strong industrial base including textiles, jewellery, manufacturing, home furniture, pharmaceuticals and many Small Business Enterprises (SMEs). Assisted by the expanding transport network which includes newly built motorway and highways to Lahore, Multan, Sargodha and Islamabad/Rawalpindi. Faisalabad is one of the three planned cities of the country. The eight bazaars of the city each have different types of markets and goods.
The textile industry of Faisalabad constitutes more than 65% of the textile export market of Pakistan, which itself forms 58% of total exports from Pakistan. This makes Faisalabad’s share of total exports from Pakistan more than 40%.
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