Pakistan is an underdeveloped country. It has suffered from decades of
internal political disputes, low levels of foreign investment, and a
costly, ongoing confrontation with neighboring India. However,
IMF-approved government policies strengthen by foreign assistance and
renewed access to global markets since 2001; have generated solid
macroeconomic recovery the last four years. The government has made
substantial macroeconomic reforms since 2000, although progress on more
politically sensitive reforms has slowed. While long-term prospects
remain uncertain, given Pakistan's low level of development,
medium-term prospects for job creation and poverty reduction are the
best in more than a decade. Islamabad has raised development spending
from about 2% of GDP in the 1990s to 4% in 2003, a necessary step
towards reversing the broad underdevelopment of its social sector. GDP
growth, spurred by double-digit gains in industrial production over the
past year, has become less dependent on agriculture, and remained above
7% in 2004 and 2005. Inflation remains the biggest threat to the
economy, jumping to more than 9% in 2005. The World Bank and Asian
Development Bank announced that they would provide US $1 billion each
in aid to help Pakistan rebuild areas hit by the October 2005
earthquake in Kashmir. Foreign exchange reserves continued to reach new
levels in 2005, supported by steady worker remittances.
Pakistan is a federal republic with a semi-presidential system, with
four autonomous provinces, two territories, and de facto control of two
regions in the northernmost part of the country. The bicameral
legislature comprises a 100-member Senate and a 342-member National
Assembly. The president is the Head of State and the Commander in Chief
of the Armed Forces. Elections for the president are determined by the
outcome of an electoral college. The prime minister is usually the
leader of the largest party in the National Assembly. Each province has
a Provincial Assembly, which in turn selects a Chief Minister and a
Provincial Governor nominated by the Chief Minister.
Music in Pakistan
Pakistan has a really admirable music background. Pakistani music is a coagulation of elements ranging from music from various parts of South Asia, Central Asia, Turkey, Persia, western and modern mu
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Pakistan Film Industry
Pakistan film industry known as “Lollywood” is based in Lahore and most of the feature films are made in Urdu language although there are films in English, Punjabi, Pashto, Balochi or Sindhi languages
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Nightlife in Pakistan
To describe the night life in Pakistan, it is apparently dry and there is no nightlife as in the western countries. But in big cities like Karachi, Lahore and Islamabad there are many clubs mostly own
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White water rafting in Pakistan
For all those adventure craving souls Pakistan is the best place to head. Having a legacy of so many rivers, Pakistan offers adventure water sports at various destinations.
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Pakistan National Holidays 2011
List of pakistan National holidays 2011.
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Shopping in Pakistan
The diversity and uniqueness of several items make shopping in Pakistan a memorable one.
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Pakistani Food
The staple food and eating habit of Pakistan are closely related to the religion of Islam. They have a variety of food stuffs such as rice, beef, chicken, fish, and vegetables, while pork is forbidden
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Culture of Pakistan
Pakistan is a country of diverse cultures and ethnic groups. The eastern part of Pakistan mainly populated by the Punjabis, Kashmiri and Sindhis is different from the tribal cultures of the Baloch and
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Entry Requirements for Pakistan
The article offers comprehensive information regadring the various visas and otehr information that needs to be kept in tact while travelling to Pakistan.
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Embassies of Pakistan
This article gives you the comprehensive information regarding the location and contact details of the embassies of Pakistan located across the world nations.
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