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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.
Pakistan has been one of China's major trade partners. [71] According to China's custom statistics the bilateral trade volume for the calendar year 2017 crossed the US$20 billion mark for the first time. In 2017 China's exports to Pakistan grew by 5.9% to reach $18.25 billion whereas Pakistan's exports to China fell by 4.1% to $1.83 billion ...
Under the second phase, Pakistan has received an increased competitive advantage as the nation will face lower tariffs than its main export competitors in China. [ 8 ] [ 10 ] Pakistan holds a competitive advantage on 80% of the product lines within phase two, including goods such as machinery, mechanical appliances, plastics, steel, and iron.
China and Pakistan already conduct trade via the Karakoram Highway. The CPEC projects involve reconstruction and upgrades to National Highway 35 (N-35), which forms the Pakistani section of the Karakoram Highway (KKH). The KKH spans the 887 kilometers between the China-Pakistan border and the town of Burhan, near Hasan Abdal.
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 total exports to Nepal are worth US$1.631 million while Nepal's exports to Pakistan tally US$3.166 million. [377] Both countries have recently [when?] stepped up efforts to promote bilateral trade, especially in textiles, oilseeds, extraction of oil and tourism; Pakistan also offered a US$5 million line of credit to Nepal.
The Russian Federation and the Italian Republic followed suit, contributing 6.6% and 5.9%, respectively. Notably, the 2016-2020 period witnessed a 23% decrease in Pakistan's foreign arms imports compared to the preceding five-year period (2011-2015). [43] Listed below are the main foreign suppliers to Pakistan:
The book is divided into ten chapters that discuss and evaluate the anticipated economic and geopolitical effects on the region. In addition, it investigates the role of CPEC in the future regional cooperation and integration of subnational regions such as Balochistan, Khyber Pakhtunkhwa (including the Federally Administered Tribal Areas), and Gilgit-Baltistan.