Pakistan is a country located in South Asia. It has a coastline along the Arabia Sea and the Gulf of Oman and is bordered by Afghanistan, China, India, and Iran. The geography of Pakistan is diverse with the Thar Desert in the east and the Hindu Kush and Pamir mountain ranges in the north. The government system is a federal republic; the chief of state is the president, and the head of government is the prime minister. Pakistan has a mixed economic system with a combination of free marketA market in which prices of goods and services are affected ... activity and government intervention. Pakistan is a member of the South Asian Association for Regional Cooperation (SAARC).
The economyThe management of money, currency and trade of a nation. The... of Pakistan is the 25th largest in the world in terms of purchasing powerAlso called spending power, the amount of goods or services ... parity (PPP), and 38th largest in terms of nominal gross domestic productCommonly abbreviated to GDP, Gross Domestic Product is a ver.... Pakistan has a population of over 190 million (the world’s 6th-largest), giving it a nominal GDP per capitaFor each person in the population. Per head. An expression o... of $1,550, which ranks 132nd in the world. However, Pakistan’s undocumented economyThe management of money, currency and trade of a nation. The... is estimated to be 36% of its overall economyThe management of money, currency and trade of a nation. The..., which is not taken into consideration when calculating per capitaFor each person in the population. Per head. An expression o... income. Pakistan is a developing country and is one of the Next Eleven, the eleven countries that, along with the BRICS, have a potential to become one of the world’s large economies in the 21st century. However, after decades of war and social instability, as of 2013, serious deficiencies in basic services such as railway transportation and electric power generation had developed. The economyThe management of money, currency and trade of a nation. The... is semi-industrialized, with centres of growth along the Indus River. Primary export commodities include textiles, leather goods, sports goods, chemicals and carpets/rugs.
Pakistan remains stuck in a low-income, low-growth trap, with growth averaging about 3.5% per year from 2008 to 2013. Pakistan must address long-standing issues related to government revenues, with the taxA fee imposed by a government on personal or corporate incom... base being narrow at 11% of GDP. Given demographic challenges, Pakistan’s leadership will be pressed to implement economic reforms, promote further development of the energy sector, and attract foreign investmentMoney or capital that is invested in a business or in an acc... to support sufficient economic growthAn increase in a region's or nation's production of goods an... necessary to employ its growing and rapidly urbanizing population, much of which is under the age of 25. Other long-term challenges include expanding investmentMoney or capital that is invested in a business or in an acc... in education and healthcare, adapting to the effects of climate change and natural disasters, improving the country’s business climate, and reducing dependence on foreign donors. Pakistan and China are implementing the “China-Pakistan Economic Corridor”, a $46 billion investmentMoney or capital that is invested in a business or in an acc... program targeted towards the energy sector and other infrastructure project- that Islamabad and Beijing had agreed on in early 2014.
Important Details
- Country ISO3 : PAK
- Country Code : 586
- Income Group : Lower middle income
- Lending Category : Blend
- Region : South Asia
- Currency Unit: Pakistani rupee
- WTO Member : Yes
- TradeThe buying and selling or exchange of goods and services. Th... organisations : ECO, SAFTA, ASEAN, WIPO and WTO
- world rank : 126
- Regional Ranking : 26th in the Asia–Pacific Region
