Related Research Articles
The economy of Pakistan is classified as a developing economy. It is the 24th-largest in terms of GDP based on purchasing power parity (PPP) and 46th largest in terms of nominal GDP. As of 2023, the country has a population of 232 million people. According to the International Monetary Fund (IMF), on a per capita income basis, Pakistan ranked 161st by GDP (nominal) and 138th by GDP (PPP).
Transport in Pakistan is extensive and varied, and serves a population of over 212.2 million people. In recent years, new national highways have been built, with the addition of motorways which have improved trade and logistics within the country. Pakistan's rail network owned by Pakistan Railways is also undergoing expansion in recent years. Airports and seaports have been built with the addition of foreign and domestic funding. Transportation challenges in developing countries like Pakistan are escalating due to poor planning, inadequate governance, and corrupt practices. Consequently, these nations are grappling with a significant crisis in their transportation systems.
Gwadar is a port city located on the southwestern coast of the Pakistani province of Balochistan and serves as the capital of the South Balochistan region. The city is located on the shores of the Arabian Sea, opposite to Oman and has a population of over 90,000 according to the 2017 census. It was an overseas possession of the Oman from 1783 to 1958. It is about 120 km (75 mi) southwest of Turbat. The sister port city of Chabahar in Iran's Sistan and Baluchestan provinces is about 170 km (110 mi) to the west of Gwadar. On 2 April 2021, it was declared the capital of the south Balochistan region.
Pakistan Railways is the national, state-owned railway company of Pakistan with its headquarters in Lahore. Founded in 1861 as the North Western State Railway and headquartered in Lahore, it owns 7,791 kilometres of operational track across Pakistan, stretching from Torkham to Karachi, offering both freight and passenger services, covering 625 stations across Pakistan.
The State Bank of Pakistan (SBP) is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was nationalised and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four provincial capitals Lahore, Karachi, Peshawar, Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ownership of the Pakistan Security Printing Corporation.
Tarbela Dam is an earth-filled dam along the Indus River in Pakistan's Khyber Pakhtunkhwa province. It is located mainly in the Haripur District of the province. It is about 20 km (10 mi) from the city of Haripur, 105 km (65 mi) northwest of Islamabad, and 125 km (80 mi) east of Peshawar. It is the largest earth-filled dam in the world. The dam is 143 metres (470 ft) high above the riverbed and its reservoir, Tarbela Lake, has a surface area of approximately 250 square kilometres (97 sq mi).
The University of Engineering and Technology, Peshawar , formerly known as NWFP University of Engineering and Technology, is a public university located in Peshawar, Khyber Pakhtunkhwa, Pakistan. Formerly known as NWFP University of Engineering and Technology until 2010, it an institution of higher learning in Pakistan with a strong emphasis on the development of science and engineering. The university offers undergraduate and post-graduate programs in various engineering disciplines. The university is also a member of the Association of Commonwealth Universities of the United Kingdom. The university was regarded as one of the best engineering schools in the country and was ranked in 7th position nationwide in the category of "Engineering and Technology" by HEC, the highest governing body of higher education in Pakistan. According to Times Higher Education World University Rankings 2023, the university is ranked in 801-1000th worldwide and in 251-300th position in Asia.
Karachi is the financial and industrial capital of Pakistan. As of 2019, Karachi has an estimated GDP (PPP) of $164 billion. The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. Karachi produces about 30 percent of value added in large-scale manufacturing, 25% of the GDP, the World Bank identified Karachi as the most business-friendly city in Pakistan. In 2010, research by the global human resources company Mercer found Karachi to be the most inexpensive city in the world.
MCB Bank Limited is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1600 branches and over 1450 ATMs in Pakistan.
Diamer-Bhasha Dam is a concreted-filled gravity dam, in the preliminary stages of construction, on the River Indus between Kohistan district in Khyber Pakhtunkhwa and Diamer district in Gilgit Baltistan, Pakistan administered Kashmir. Its foundation stone was laid by the then Prime Minister of Pakistan in 1998. The dam site is situated near a place called "Bhasha", hence the name which is 40 km downstream of Chilas town and 315 km from Tarbela Dam. The eight million acre feet (MAF) reservoir with 272-metre height will be the tallest roller compact concrete (RCC) dam in the world.
Fauji Foundation, , is a Pakistani conglomerates company which is active in fertilizer, cement, food, power generation, gas exploration, LPG marketing and distribution, financial services, and security services. The word "Fauji" is an Arabic loanword that means "soldier" and the company was set up in order to provide employment opportunities to Pakistani ex-military personnel and to generate funds for the welfare of widows, and families of martyrs.
Islamabad International Airport is the international airport serving Islamabad, the capital city of Pakistan and Rawalpindi. It is located 25 km (16 mi) south-west of the city, and is accessed via Srinagar Highway.
Pakistan's industrial sector accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports. Other units include surgical instruments, chemicals, and a budding automotive industry. Pakistan's inadequately developed labor market, unable to absorb the increasing number of educated workers, has resulted in a high rate of unemployment among graduates.
CMPak Limited, doing business under brand name Zong, is a Pakistan based mobile data network operator, owned by the company China Mobile.
South Punjab, also proposed as Bahawalpur-South Punjab, are the names for the proposals to create a new province in Pakistan, out of the southern regions of Punjab. The proposed province comprises the Bahawalpur, Multan and Dera Ghazi Khan divisions. The proposed province would form about 52 percent of the total area and almost 40 percent of the population of the current Punjab province.
The Neelum–Jhelum Hydropower Plant is part of a run-of-the-river hydroelectric power project in Azad Kashmir (AJK) designed to divert water from the Neelum River to a power station on the Jhelum River. The power station is located 42 km (26 mi) south of Muzaffarabad, and has an installed capacity of 969 MW. Construction on the project began in 2008 after a Chinese consortium was awarded the construction contract in July 2007. After many years of delays, the first generator was commissioned in April 2018 and the entire project was completed in August 2018 when the fourth and last unit was synchronized with the national grid on 13 August and attained its maximum generation capacity of 969 MW on 14 August 2018. It will generate 5,150 GWh per year at the levelised tariff of Rs 13.50 per unit for 30 years.
Since its independence in 1947, governments have not spent much on quality education in this region. While the literacy rates of the areas in Gilgit is higher than most of the citites in Pakistan, yet no professional universities were constructed in the region. In 2002, under the reign of Pervez Musharraf, a general university of the name of Karakoram International University was constructed. Various primary schools were constructed by NGO's from around the world including the Aga Khan Development Network.
"Suki Kinari Hydropower Station, Naran,Khyber Pukhtunkhwa". tribune.com.pk. Retrieved 11 December 2023.
The Pakistan Stock Exchange is a stock exchange in Pakistan with trading floors in Karachi, Islamabad, and Lahore. The Lahore floor has a subfloor in Sialkot. PSX was classified by MSCI as a frontier market on 8 September 2021.
Muhammad Hammad Azhar is a Pakistani politician from Pakistan Tehreek-e-Insaf. He was elected from NA-126 (Lahore-IV) in 2018 Pakistani general election and remained a member of National Assembly of Pakistan between August 2018 to January 2023. He served in various ministerial positions in Imran Khan ministry between 2018 and April 2022. He served as Energy Minister of Pakistan and Finance Minister of Pakistan between 16 April 2021 to 3 April 2022 and 29 March 2021 to 16 April 2021 respectively.
References
- ↑ "Pakistan Infrastructure Bank expected to become operational this year". Profit by Pakistan Today. February 25, 2019.
- ↑ "Govt to set up Pakistan Infrastructure Bank with access to $1 billion". www.thenews.com.pk.
- ↑ "Pakistan to set up $1b infrastructure bank". The Express Tribune. April 26, 2017.
- ↑ "Pakistan Infrastructure Bank expected to be operational this year". www.radio.gov.pk.
| Central bank | |||||
|---|---|---|---|---|---|
| Big Five | |||||
| Commercial banking |
| ||||
| Microfinance | |||||
| Islamic banking | |||||
| House building | |||||
| Savings Bank | |||||
| Foreign banks | |||||
| Defunct banks | |||||
| See also | |||||
