PAKISTAN | Overview
Official name: Islamic Republic of Pakistan
Official languages: Urdu
Monetary unit: Pakistani rupee
Population (million): 182.1
Total area (sq km): 796,095
Pakistan is positioned on the border of Middle East and Southwestern Asia. It is bordered by Iran and Afghanistan in the West, China in the North-east, India in the East, and the Indian Ocean in the South. The country is currently in the recovery phase from 2008 downturn where its growth in recent years is on an upward trajectory. Pakistan has made substantial progress in reducing poverty where the poverty is cut by more than two third from 36 percent in 2002.
the country to unleash its full growth potential sustainably, the Government is working on the policies to overcome significant economic and security challenges. The Government of Pakistan has introduced an extensive program of macroeconomic, structural reforms, and manageable political and security challenges. Such initiatives would narrow the budget deficit, rebuild depleted exchange reserves and raise the growth modestly despite large energy deficits. Furthermore, the increasing proportion of Pakistan’s working-age population provides the country with a potential demographic dividend but also with the critical challenge to provide adequate services and employment.
Year joined ICD:
Number of projects approved: 13
Gross Approval ($US million): 119.93
Gross Disbursement ($US million): 66.84