Pakistan - Latest News/Current Events, Economic Overview & Trade Relations
AEI | Quick Facts about Pakistan
| Official Name | Islamic Republic of Pakistan |
| Capital | Islamabad |
| Location | Southern Asia, bordering the Arabian Sea, between India on the east and Iran and Afghanistan on the west and China in the north |
| Area | total: 803,940 sq km land: 778,720 sq km water: 25,220 sq km |
| Climate | mostly hot, dry desert; temperate in northwest; arctic in north |
| Terrain | flat Indus plain in east; mountains in north and northwest; Balochistan plateau in west |
Editor PicksBrowse Asia News Archive
Pakintan's Oil Company To Invest $800 million
Pakistan's national oil company will invest more than $800 million developing new projects this year as 50-year-old gas and oil fields can't keep up with rising energy demand. Attacks by insurgents on pipelines and installations have disrupted gas supplies…
read full newsExpiry of EU anti-dumping duty paves way for Pakistan's export
The European Union's anti-dumping duty on bedlinen import from Pakistan expired on Thursday
read full newsTerrorist Attacks Hurt Pakistan Stock Market
The attacks on Sri Lanka's cricket team yesterday drove stocks to tumble for the first time in three days.
read full newsPakistan Continues to Search for Help
A recent report that was issued earlier this week by an influential think-tank in Washington D.C., called for $4 billion to $5 billion in support for Islamabad's infrastructure.
read full newsPakistan President Returns from China Empty Handed
Pakistani President Asif Ali Zardari returned from China empty handed as Pakistan continues to look for additional foreign aid from neighboring countries.
read full newsPakistani Capital to Receive 450 Megawatts
For the first time in a decade, Pakistan's largest electricity supplier plans to expand its network by 450 megawatts.
read full newsBrowse Asia News Archive
Trade Agreements
Global System of Trade Preferences among Developing Countries
Algeria
Argentina
Benin
Bolivia
Brazil
Cameroon
Chile
Colombia
Cuba
Ecuador
Egypt
Ghana
Guinea
Guyana
Iran
Iraq
Libya
Mexico
Morocco
Mozambique
Nicaragua
Nigeria
Peru
Sudan
Tanzania, United Republic Of
Trinidad And Tobago
Tunisia
Venezuela
ZimbabweThe Global System of Trade Preferences arose out of the United Nations Group of 77. The Group first appeared interested in 1976 to develop a global system of trade for developing countries. Over years of negotiations, the agreement was signed by the participating members of the Group of 77. The members are currently looking to expand their economic ties to other developing countries in Asia, Latin America and Africa. http://www.unctadxi.org/templates/Page____6207.aspx
Pakistan - People's Republic of China Free Trade Agreement
http://english.mofcom.gov.cn/accessory/200611/1164848706093.doc
South Asian Free Trade Area
Introduced at the South Asian Association for Regional Cooperation summit, the South Asian Free Trade Area created a free trading zone that reaches 1.4 billion people. The SAFTA contains zero customs duty on practically all products. http://www.saarc-sec.org/data/summit12/saftaagreement.pdf
Trade Organizations
Asia Cooperation Dialogue (ACD)
The Asia Cooperation Dialogue (ACD) is an International Organization to promote Asian cooperation at a continental level, helping to integrate the previously separate regional organizations of political or economical cooperation such as ASEAN, SAARC
Centre on Intergrated Rural Development for Asia and the Pacific (CIRDAP)
The Centre for Integrated Rural Development for Asia and the Pacific (CIRDAP) is a regional intergovernmental and autonomus organization
Economic Cooperation Organization (ECO)
The Economic Cooperation Organization (ECO) is an intergovernmental international organization involving ten Asian nations. It provides a platform to discuss ways to improve development and promote trade, and investment opportunities. The nations involved are Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan and Uzbekistan. The common objective is to establish a single market for goods and services, much like the European Union. ECO's secretariat and cultural department are located in Tehran, its economic bureau is in Turkey and its scientific bureau is situated in Pakistan.
South Asian Association for Regional Cooperation (SAARC)
The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of eight countries in Southern Asia. It was established on December 8, 1985 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. In April 2007, at the Association's 14th summit, Afghanistan became its eighth member.