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From : madebypakistan
Added: Sep 11, 2008
PLEASE UPLOAD AND TRANSLATE IT INTO OTHER LANGUAGES. The economy of Pakistan is the ONE OF THE largest economy in the world in terms of purchasing power, and in absolute dollar terms. Pakistan's economy mainly encompasses textiles, chemicals, food processing, agriculture and other industries. The economy has suffered in the past from decades of internal political disputes, a fast growing population, mixed levels of foreign investment, and a costly, ongoing confrontation with neighboring India. However, IMF-approved government policies, bolstered by foreign investment and renewed access to global markets, have generated solid macroeconomic recovery the last decade. Substantial macroeconomic reforms since 2000, most notably at privatizing the banking sector have helped the economy. GDP growth, spurred by gains in the industrial and service sectors, remained in the 6-8% range in 2004-06. Due to Economic Reforms of the Year 2000 by the Musharraf government.[3] In 2005, the World Bank named Pakistan the top reformer in its region and in the top 10 reformers globally. [4] Pakistan's then Prime Minister Shaukat Aziz stated Pakistan grew at a rate of 8.4% making it the 2nd Fastest Growing Economy in the World, after China, in the same year. [5] However, this assertion is disputed by figures from other authorative sources. [6] Islamabad has steadily raised development spending in recent years, including a 52% real increase in the budget allocation for development in FY07, a necessary step toward reversing the broad underdevelopment of its social sector. TRAVEL TO PAKISTAN SO VISIT www.tourism.gov.pk CURRENTLY, 164 MULTINATIONALS ACTIVE IN PAKISTAN WITH US$965 MLN INVESTMENT.YOU WILL FIND ALMOST ALL MAJOR BANKS AND FINANCIAL INSTITUTIONS IN PAKISTAN SUCH AS BARCLAYS,HSBC,ROYAL BANK OF SCOTLAND,CITIBANK Habib Metropolitan Bank, JS Bank,KASB Bank, MCB Bank Limited ,Mybank Limited, NIB Bank, Silkbank Limited,Soneri Bank, Citibank,Standard chartered Bank Ltd,
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