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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.
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 ...
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 ...
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.
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 U.S. economy experienced a huge second wave of inflation back in the late 1970s after the Fed brought interest rates way down," said Gayed. Inflation had dropped from 11% to 4% before surging ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 11 January 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 ...