PakistanCapital: Islamabad;Largest city: Karachi . GDP growth (annual %) 2014 :5.4%;
The privatization of Pakistan’s power sector Privatization and U.S. support put Pakistan on track towards 50,000 MW goal
Pakistan’s power sector has hampered increase for a lot of years. The combination of new government initiatives, a revitalized private energy sector and cooperation with international partners – namely the U.S. – is going a long way to not only transaction with the issues that Pakistan faces, but as well to make it one of the majority dynamic and geopolitically significant energy players in the world
One of the major challenges Pakistan’s economy faces today is power supply. Prime Minister Nawaz Sharif’s government has said that it plans to improve Pakistan’s power sector through reform and investment to boost increase, and hopes to end chronic power shortages that have crippled the economy for years. So, it has made real strides to tackle this issue chief on.
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
- Key Facts
Ambassador :H.E.Mr.Masood KhalidFull name: Islamic Republic of Pakistan
Population: 184.7 million (UN, 2010)
Area: 796,095 sq km (307,374 sq miles)
Major languages: English, Urdu, Punjabi, Sindhi, Pashto, Balochi
Major religion: Islam
Life expectancy: 65 years (men), 67 years (women) (UN)
Monetary unit: 1 Pakistani Rupee = 100 paisa
Main exports: Textile products, rice, cotton, leather goods
GNI per capita: US $1,050 (World Bank, 2010)
Internet domain: .pk
International dialling code: +92
Pakistan’s economy is fuelling growth across sectors, with its financial sector providing numerous opportunities for global investors
Pakistan’s revival in fortunes since the election of Prime Minister Nawaz Sharif has seen the country’s economy enjoy surging growth since 2013, with a multitude of opportunities for foreign investors now emerging.
On his flight back home from Kabul, Prime Minister Modi broke the journey at Lahore. This unusual drop off has become a subject for speculation. A Congress spokesman has said that the Indian country will have to pay heavily for the tea Modi had with Pakistan premier Nawaz Sharif at his family residence in Raiwaind.
As Pakistan’s economy gets back up to speed, the banking sector will continue to play a leading part in its recovery. In three years, the total price of assets held by the banking system has climbed from $116 billion to $147 billion
Alittle additional than two years next the initial-ever handover from one civilian government to an extra, the numbers coming out of the macroeconomic cruncher are confirming that Pakistan is back on course to sustainable increase. Business-friendly policies and reforms initiated by Prime Minister Nawaz Sharif’s government have led some to compare Pakistan with Colombia as champions in the economic turnaround category, citing their stable governments, market-oriented reforms and manageable security situations.At the same time as a statement by the world’s most influential development agency provides evidence that a lot of of its staff are “biased” in their perceptions of the poor and their needs, one may expect eyebrows to be raised. At the same time as the president of that institution — the World Bank, no less — acknowledges the flaw and goes on to call for “measures to mitigate these biases, such as additional rigorously diagnosing the mindsets of the people we are trying to help”, jaws should be dropping.
At the same time as the new chief justice of Pakistan took oath of office on 12 December 2013 Pakistan completed an historic changeover during a year that saw the initial civilian government in 67 years complete its constitutionally mandated term. 2013 as well saw Pakistan get a new prime minister, president and chief of army staff. Perhaps no other country has experienced such a total change of its constitutional officers within a schedule year.
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