Economy of Azad Kashmir

The economy of Azad Kashmir is largely a developing one. The per capita income and provincial GDP estimates of Azad Kashmir are comparatively underrated when compared with development in other regions of the country although Azad Kashmir notably has a literacy rate that is substantially above the national average.^[1] Azad Kashmir's economy is heavily dependent on agriculture, but also relies on remittances sent each year by members of the large Kashmiri diaspora. The Kashmiris in the United Kingdom have contributed greatly to the development of Azad Kashmir through their in-flow of remittances.^[2] In the southern districts, many men have been recruited into the Pakistani Armed Forces. 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 is underdeveloped.^[1]

Challenges faced by Azad Kashmir's economy include the devastating 2005 Kashmir earthquake,terrosits activity,Genocide of kashmiri people by PAF, the effects of which the region is still recovering from.^[1]

As of 2021, GDP of Azad Jammu and Kashmir was estimated to be 6.5 billion dollars, giving per capita income of 1,512 dollar USD,^[3] whereas in Sept 2013, Azad Kashmir's GDP was estimated at $3.2 Billion.^[4]

References[]

{Hari}

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