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Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. Average annual real GDP growth rates [ 25 ] were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s.
It is one of the Next Eleven, a group of eleven countries that, along with the BRICs, have a high potential to become the world's largest economies in the 21st century.Although Pakistan is facing a severe economic crisis since 2022 which has further detoriated its economic situation,Geographically Pakistan is also an important country and a ...
The 1980s brought substantial changes to Pakistan's economic landscape, moving away from the nationalization policies of the 1970s and fostering private sector industrial investment, which greatly contributed to robust economic growth. Notable developments in this era included a drop in the poverty headcount ratio to 29.1% in 1986–87 ...
They ruled parts of present-day Afghanistan, Pakistan, [63] and northwestern India, during or slightly before the 1st century AD. For most of their history, the leading Gondopharid kings held Taxila (in the present Punjab province of Pakistan) as their residence, but during their last few years of existence the capital shifted between Kabul and ...
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $608,108 in 2024) on 13 December 1995. [3]
The liberalisation methods raised country's GDP growth at 9.38% (1964), 8.71% (1980s) and 8.97% (2004–07). After exclusive establishment of Pakistan, the country's economic policy for the rapid growth of the national economy was deeply understood and extensive efforts were carried out by the government of Prime minister Liaquat Ali Khan in 1947. [2]
Pakistan, [e] officially the Islamic Republic of Pakistan, [f] is a country in South Asia. It is the fifth-most populous country, with a population of over 241.5 million, [c] having the second-largest Muslim population as of 2023. Islamabad is the nation's capital, while Karachi is its largest city and financial centre.
February 30: 2020–2021 U.S. troop withdrawal from Afghanistan is initiated, Pakistan logistically supports the Americans. 2 March- 19 May: Pakistani troops take part in 2020 N'Délé clashes March 10: 2020 Tablighi Jamaat COVID-19 hotspot in Pakistan causing the spread of COVID to various parts of the country.