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Persian
/
English
conventional long form: Islamic
Republic of Pakistan
conventional short form: Pakistan
former: West Pakistan
Islamabad. Population: 800,000 (2005).
Southern Asia, bordering the Arabian Sea,
between India on the east and Iran and Afghanistan on the west and China
in the north
796,095 sq km (307,374 sq miles) excluding
data for the disputed territories of Jammu and Kashmir.
Description:
Pakistan has borders to the north with Afghanistan, to the east with
India and to the west with Iran; the Arabian Sea lies to the south. In the
northeast is the disputed territory of Jammu and Kashmir, bounded by
Afghanistan, China and India. Pakistan comprises distinct regions. The
northern highlands, the Hindu Kush, are rugged and mountainous; the Indus
Valley is a flat, alluvial plain with five major rivers dominating the
upper region, eventually joining the Indus River and flowing south to the
Makran coast; Sindh is bounded on the east by the Thar Desert and the Rann
of Kutch, and on the west by the Kirthar Range; the Baluchistan Plateau is
an arid tableland encircled by mountains.
164.7 million (CIA estimate 2007).
Punjabi 48%, Sindhi 12%, Siraiki (a
Punjabi variant) 10%, Pashtu 8%, Urdu (official) 8%, Balochi 3%,
Hindko 2%, Brahui 1%, English (official and lingua franca of
Pakistani elite and most government ministries), Burushaski, and
other 8%
Economy - overview:
About 28% of Pakistan's land is under cultivation and watered
by one of the largest irrigation systems in the world. Wheat,
rice, sugar cane and cotton are the main products. Cotton accounts
for almost 60% of revenues. Pakistan has some reserves of graphite
and limestone, as well as a small oil industry.
The overriding economic problem for the Pakistani economy is its
huge foreign debt burden, which is over 90% of GDP and consumes
over half of government revenue to meet interest payments. The
situation has been made more difficult by the history of poor
relations between Pakistan and the international financial
community generally. Sanctions were imposed following Pakistani
nuclear tests in 1998, coinciding with the fall-out from the 1997
financial crisis that engulfed the major economies of East Asia.
Yet despite these factors, the regional crisis centred on
Afghanistan and Iraq, and domestic political instability, the
Pakistani economy has performed steadily in the last few years.
Growth in 2006 was 6.6%, with unemployment at 6.5% and inflation
at 7.9%.
Economy:
About 28% of Pakistan's land is under cultivation and watered
by one of the largest irrigation systems in the world. Wheat,
rice, sugar cane and cotton are the main products. Cotton accounts
for almost 60% of revenues. Pakistan has some reserves of graphite
and limestone, as well as a small oil industry.
The overriding economic problem for the Pakistani economy is its
huge foreign debt burden, which is over 90% of GDP and consumes
over half of government revenue to meet interest payments. The
situation has been made more difficult by the history of poor
relations between Pakistan and the international financial
community generally. Sanctions were imposed following Pakistani
nuclear tests in 1998, coinciding with the fall-out from the 1997
financial crisis that engulfed the major economies of East Asia.
Yet despite these factors, the regional crisis centred on
Afghanistan and Iraq, and domestic political instability, the
Pakistani economy has performed steadily in the last few years.
Growth in 2006 was 6.6%, with unemployment at 6.5% and inflation
at 7.9%.
textiles and apparel, food processing,
pharmaceuticals, construction materials, paper products,
fertilizer, shrimp
Exports:
Textiles, rice, leather goods, sports goods and chemicals.
• Main trade partners: USA, China, Saudi Arabia, United Arab
Emirates and Japan.
Imports:
Petroleum and petroleum products, machinery, plastics, transport
equipment and edible oils.
Exchange rates:
Pakistan Rupee (PKR; symbol ₨). Notes are in denominations of
₨5,000, 1,000, 500, 100, 20 and 10. Coins are in denominations of
₨5, 2 and 1
http://www.worldtravelguide.net/country/218/money/Indian-Subcontinent/Pakistan.html
Daily Exchange Rates
GDP :
US$124 billion (2006).
Useful links:
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