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Pakistan has bilateral and multilateral trade agreements with many nations and international organizations. It is a member of the World Trade Organization, part of the South Asian Free Trade Area agreement and the China–Pakistan Free Trade Agreement. Fluctuating world demand for its exports, domestic political uncertainty, and the impact of ...
Pakistan has an honorary consulate in Montevideo. [337] As of 2014 the Pakistani ambassador to Argentina, Imtiaz Ahmad was accredited to Uruguay. [338] [339] In 2006 a commercial agreement was celebrated between Pakistan and Mercosur (a trade bloc of which Uruguay is part). [340] There is a Pakistan-Uruguay Chamber of Commerce. [341]
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In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%. Manufacturing contributed 7.8% to the GDP, while services, trade, and other sectors accounted for a significant 39%, reflecting a policy centered around import-substituting industrialization .
Following Coronavirus in 2020 foreign investment in domestic bonds "left the country", [5] while in June 2023 FDI fell to a twelve-year low. [6] The establishment of the SIFC is seen as a response to the requirement for economic revitalization during Pakistan's economic crisis, specifically addressing the obstacles posed by bureaucratic red tape and intricate regulations that act as deterrents ...
Trading Corporation of Pakistan was established in 1967 as a premier international trading house fully owned by the Government of Pakistan. [4] [5] From the year 1980-81, the government decided to remove the monopoly of TCP on imports of the country. [6]
Pakistan's economy recovered significantly during the 1980s via a policy of deregulation, as well as an increased inflow of foreign aid and remittances from expatriate workers. Under Muhammad Zia-ul-Haq , "many of the controls on industry were liberalized or abolished, the balance of payments deficit was kept under control, and Pakistan became ...
Pakistan, [e] officially the Islamic Republic of Pakistan, [f] is a country in South Asia. It is the fifth-most populous country, with a population of over 241.5 million, [c] having the second-largest Muslim population as of 2023. Islamabad is the nation's capital, while Karachi is its largest city and financial centre.