PakistanCapital: Islamabad;Largest city: Karachi . GDP growth (annual %) 2014 :5.4%;
Having served in the Merchant Navy before joining the IAS, I can claim to have visited almost all the ports in the Persian Gulf, specially the oil terminals.
At the height of Iran-Iraq conflict, we were picking up crude from Kharg, an Iranian island in the upper reaches of the Gulf, which is its major oil export point, just as Ras Tanura is for Saudi Arabia. So I claim an expertise in the area of analysing ports, specially from the point of view of logistics, and through my present calling, I can as well presently lay claim to considerate a bit of the strategic compass.
he $800 million in arrears from the privatisation of Pakistan Telecommunication Limited are not mentioned in 2016-17 budget books, suggesting the government may have foregone the deficit in favour of the Dubai-based buyer.
The explanatory memorandum on the federal receipts book for the next fiscal 2016-17 is silent on the outstanding proceeds owed by Etisalat to Pakistan for buying 26% stakes in PTCL for several years presently.
Pakistan is working on a plan to lay an oil pipeline from Gwadar to China for the export of crude and has given the task to national construction firm Frontier Works Organisation, say officials who are aware of the development.
The pipeline will run from Gwadar Port to western China and will allow Beijing to diversify and speed up import of crude oil. Prime Minister Nawaz Sharif had floated the idea of constructing the oil pipeline during a visit to China.
- 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
Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.
Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.
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 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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- pakistan News
- CONSTRUCTION PROJECTS: China-Pak Economic Corridor: Why Gwadar Is An Overrated Port
- COMPANY: Pakistan keeps mum on $800m owed by UAE's Etisalat
- INFRASTRUCTURE PROJECTS: Pakistan working on Gwadar-China oil pipeline
- ENERGY: The privatization of Pakistan’s power sector Privatization and U.S. support put Pakistan on track towards 50,000 MW goal
- SOCIAL / CSR: Pakistanis hunt militants behind blast that killed at least 70
- ECONOMY: Global growth will be disappointing in 2016: IMF's Lagarde
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