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The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration.
ASEAN–Japan Comprehensive Economic Partnership (AJCEP), in effect as of 1 December 2008 [10] ASEAN–Korea Free Trade Area (AKFTA), in effect as of 1 January 2010 [11] ASEAN–Australia–New Zealand Free Trade Area , in effect as of 1 January 2010 [12]
Pakistan's total exports to Nepal are worth US$1.631 million, while Nepal's exports to Pakistan tally $3.166 million. [12] Both countries have recently 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.
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.
PTA figures for 2007, for comparison, reported 48.5 million subscribers, [6] rising to 102 million (over 60% of the population) by December 2010. [7]In 2007, the largest cellular mobile telephone service providing company in Pakistan was Mobilink, and other companies included Wateen (a member of Dhabi Group).
Nepal's telecommunication network has increased over the years significantly, with the number of telephone users (both fixed and mobile phone) reaching 40,789,198 as of 14 May 2019. [ 1 ] Nepal Telecommunications Authority (NTA) is the regulatory body of telecommunications in the country.
Eastern South Asia is a cradle of South Asian civilization. Historical states in the region include those recorded in Indian epics such as the Mahabharata, including ancient Nepal, Vanga, and Pundra; the Greek and Roman recorded kingdom of Gangaridai; [5] major Hindu and Buddhist kingdoms including Kikata, Videha, Vṛji, Magadha, Nanda, Mauryan, Anga, Kalinga, Kamarupa, Samatata, Kanva, Gupta ...
The quality of life has declined to a much less desirous value in recent years. In the 2021 Global Hunger Index, Nepal ranks 76th out of the 116 countries with sufficient data to calculate 2021 GHI scores. With a score of 19.1, Nepal has a level of hunger that is moderate. Nepal has the worst road infrastructure in Asia.