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It confirmed Karachi’s status as Pakistan’s largest economy, well ahead of the next two biggest cities Lahore and Faisalabad, which had a reported GDP (PPP) in 2008 of $40 billion and $20.5 billion, respectively. [14] Karachi's high GDP is based on its large industrial base, with a high dependency also on the financial services sector.
Today along with Pakistan's continued economic expansion Karachi is now ranked third in the world for consumer expenditure growth with its market anticipated to increase by 6.6% in real terms in 2018 [147] It is also ranked among the top cities in the world by an anticipated increase of a number of households (1.3 million households) with ...
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. [65]
A cargo vessel from Pakistan’s Karachi has docked at Bangladesh’s southeastern coast, marking the first-ever direct maritime contact between the two countries since the 1971 Bangladesh ...
Bangladesh has seen strong economic growth under Hasina, but it slowed in the post-pandemic era and is beset with high inflation and depleted foreign currency reserves. In a nation of 170 million ...
The economy of Bangladesh is a major developing mixed economy. [121] As the second-largest economy in South Asia, [122] [123] Bangladesh's economy is the 35th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven.
The flagging economy, once among the world's fastest growing on the back of the country's booming garments sector, has stagnated. Inflation hovers around 10% per annum and dollar reserves are ...
Pakistan (formerly West Pakistan) recognized Bangladesh in 1974. [4] Today, bilateral relations between Bangladesh and Pakistan are considered to be cordial. [citation needed] The two countries are both founding members of SAARC, as well as members of the Developing 8 Countries, the OIC and the Commonwealth of Nations.