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That month Pakistan also ended a four-year streak of outflows (totaling $1.4 billion) in Treasury Bills, earning $875 million. According to Bloomberg, Pakistan's stock became the "world’s best performer", increasing 73% in the past 12-months. Treasury Bill yields became some of Asia's highest, while foreign reserves rose to a two-year high. [73]
Following the international credit crisis and spikes in crude oil prices, Pakistan's economy could not withstand the pressure, and on 11 October 2008, the State Bank of Pakistan reported that the country's foreign exchange reserves had gone down by $571.9 million to $7,749.7 million. [64]
In reaction to Pakistan's new nuclear capacity, the United States in 1992 passed the Pressler Amendment approving sanctions against Pakistan, [78] Relations would restrengthen following 9/11 with Pakistan's warm response following the tragedy. Aid was given to Pakistan for the first time again in 2002, and the 2000s saw an extension of this ...
In 2023, the U.S. experienced a trade deficit of $773 billion, with China as its largest trade creditor.The U.S. trade deficit has steadily grown since 2009, regardless of which party held the ...
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 Vision 2025 is a set of goals for social, economic, security, and governance developments outlined by the government of the Islamic Republic of Pakistan to be achieved by 2025. The overall goal is for Pakistan to become an upper-middle income country by 2025 and to eventually become one of the top ten economies in the world by 2047 ...
G News Network, commonly known as GNN, is a Pakistani 24-hour news and current affairs channel based in Lahore, Pakistan. It is owned and operated by Gourmet Foods. [1] It was launched in 2005 as CNBC Pakistan under a license from CNBC Asia Pacific. It was then owned by Vision Network Television Limited. [2]
On 8 January 2017, Forbes claimed that CPEC is part of China's vision to shape the rules of the next era of globalization and keep its export and investment engines running for years to come. [263] According to China's prime minister, Li Keqiang, Pakistan's development through the project might "wean the populace from fundamentalism". [11]