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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.
Following Coronavirus in 2020 foreign investment in domestic bonds "left the country", [5] while in June 2023 FDI fell to a twelve-year low. [6] The establishment of the SIFC is seen as a response to the requirement for economic revitalization during Pakistan's economic crisis, specifically addressing the obstacles posed by bureaucratic red tape and intricate regulations that act as deterrents ...
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [ 2 ] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [ 2 ]
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]
Karachi the economic capital of Pakistan. 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 $7,749.7 million. [64]
Pakistan Vision 2025 is a set of goals for social, economic, security, and governance developments outlined by the government of the Islamic Republic of Pakistan to be achieved by 2025. The overall goal is for Pakistan to become an upper-middle income country by 2025 and to eventually become one of the top ten economies in the world by 2047 ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 31 January 2025. Economy of Singapore Skyline of Singapore's Downtown Core Currency Singapore dollar (SGD/S$) Fiscal year 1 April – 31 March Trade organisations WTO, APEC, CPTPP, IOR-ARC, RCEP, ASEAN and others Country group Developed/Advanced High-income economy Statistics Population 6,040,000 (2024 ...
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.