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.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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 (1803–1882)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)