Economy
According to the general survey of industry conducted by Directorate of Industries and Mineral Development Punjab, there are 939 industrial units operating in the district. This district is not famous for industrial goods like other districts. The progress has been mostly in the private sector. The existing industrial units provide employment to about 35,000 people, i.e., about 1.6% of district population is directly employed in large, medium and small industrial units. Apparently there is no shortage of skilled manpower. The Technical/Vocational Training Institute operating in the district turns out about 1,974 technicians/artisans annually. They are trained in engineering, air conditioning, drafting, metallurgy, welding, auto knitting and commerce, etc.
- Kohinoor Textile Mills is the largest unit in the district. It is located near Naseer Abad and is equipped with 50,000 spindles and 1,021 power looms.
- Wattan Woolen and Hosiery Mills is fitted 10,000 spindles.
- Rahat Woolen Mills, established in 1954, is one of the oldest and most prominent mills in Rawalpindi.
- Bahria Town, the largest real-estate developers and Investors in Pakistan and the largest private housing society in Asia has its signature investment in Rawalpindi which is spread over 40,000 Hectares.
Jinnah Road, formerly known as City Saddar Road, is one of the busiest business markets. It could be considered as business headquarters northern Pakistan including retailers, wholesalers, distributors, manufacturers having an approximately cash flow of more than 1 billion rupees per day. The importance of Jinnah Road can be seen by the presence of more than nine banks on the road with more opening soon.
- Murree Brewery one of the largest company in the heart of the city is the only licensed company in Pakistan to make alcoholic products.
Read more about this topic: Tench Bhatta
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (18031882)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
—Doris Lessing (b. 1919)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (18121870)