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As united Pakistan, both the countries of Pakistan and Bangladesh had sought independence from India in 1947 because they were concerned about the progress and security of Muslims in a Hindu majority state. As separate countries they continue to share a community of interests in limiting the dominance of India as well as a common Islamic position.
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 ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 20 February 2025. Economy of Bangladesh Motijheel C/A, the downtown of Dhaka Currency Bangladeshi taka (BDT, ৳) Fiscal year 1 July – 30 June Trade organizations SAFTA, SAARC, BIMSTEC, WTO, AIIB, IMF, Commonwealth of Nations, World Bank, ADB, Developing-8 Country group Developing/Emerging Lower-middle ...
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.
Bangladesh is a unitary parliamentary republic based on the Westminster system. It is a middle power with the second-largest economy in South Asia. Bangladesh is home to the third-largest Muslim-majority population and the fifth-most spoken native language.
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] It is featured well within the list of country subdivisions with a GDP (PPP) over $200 billion. Sindh's GDP is to a large extent influenced by the economy of Karachi.
The economy of Dhaka contributes 40% of Bangladesh's gross domestic product. If Dhaka were a sovereign nation, it would rank as the 50th largest economy in the world and fifth largest economy in South Asia, ahead of Myanmar, Nepal, Bhutan, Maldives, Afghanistan and behind India, Bangladesh, Pakistan and Sri Lanka.
Economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the 1970s. Two wars with India - the Second Kashmir War in 1965 and the separation of Bangladesh from Pakistan also adversely affected economic growth. [35]