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The government of Pakistan initially awarded port operation responsibilities of Gwadar Port to Port of Singapore (PSA), a subsidiary of the government of Singapore, in Feb 2007 for 40 years, [17] expecting to take advantage of PSA expertise in maritime operation and increase trade. PSA operates 22 ports in 11 countries.
In June 2023, the Pakistani government unveiled an "Economic Revival Plan" according to which, plans on investments in key areas of production such as on agriculture, mining, Information Technology, defence and the energy sector were discussed. [58] PM Shehbaz Sharif also lauded China for assisting his country in the current economic crisis. [59]
[26] [27] The same month FDI increased by 17% to $1.9 billion, primarily sourced from China, Hong Kong, the UK, US and Singapore. [28] According to data of the Pakistan Bureau of Statistics, the Special Investment Facilitation Council (SIFC) was responsible for boosting Pakistan’s exports by 10% (to $30.64 billion) in FY2024. [29]
Singapore’s government officials are among the world’s highest paid, as the country seeks to discourage corruption and attract the best talent.Ministers are paid about 1.1 million Singapore ...
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 43rd largest in terms of nominal GDP. With a population of 254.4 million people as of 2024, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
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 $589,251 in 2023) on 13 December 1995. [3]
Long-term pass holders and short-term visitors with recent travel history to, or transited in, Bangladesh, Nepal, Pakistan and Sri Lanka will be barred from entering or transiting through ...