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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
Pakistan
Pakistan

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…

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Pakistan

Expiry 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

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Pakistan

Terrorist 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.

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Pakistan

Pakistan 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.

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Pakistan

Pakistan 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.

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Pakistan

Pakistani 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.

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Trade Agreements

Global System of Trade Preferences among Developing Countries

AlgeriaAlgeria
ArgentinaArgentina
BeninBenin
BoliviaBolivia
BrazilBrazil
CameroonCameroon
ChileChile
ColombiaColombia
CubaCuba
EcuadorEcuador
EgyptEgypt
GhanaGhana
GuineaGuinea
GuyanaGuyana
IranIran
IraqIraq
LibyaLibya
MexicoMexico
MoroccoMorocco
MozambiqueMozambique
NicaraguaNicaragua
NigeriaNigeria
PeruPeru
SudanSudan
Tanzania, United Republic OfTanzania, United Republic Of
Trinidad And TobagoTrinidad And Tobago
TunisiaTunisia
VenezuelaVenezuela
ZimbabweZimbabwe

The 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

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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

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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

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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

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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.

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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.

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