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Marketing in Pakistan country
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Where is Pakistan?
Pakistan is the official name of the Islamic Republic of Pakistan, a country in South Asia located in the western part of the Indian subcontinent. It shares a 1,000-kilometer water border with the Oman Sea to the south and borders Iran to the west, Afghanistan to the north, India to the east, and China to the northeast. Pakistan covers an area of 881,913 square kilometers and has a population of 228,935,145. Its capital is Islamabad and its largest city is Karachi. The official languages of Pakistan are English and Urdu. It is the official religion of Islam and is the second-largest Muslim country in the world.
Pakistan is a developing country that has faced challenges on the political and economic fronts. Despite being very poor in 1947, Pakistan's economic growth rate has been better than the global average for the next four decades. But unintentional policies led to a decline in the rate in the 1990s.
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- Pakistan Natural Stones Market
- Pakistan Minerals Market
- Pakistan Petroleum Market
- Pakistan Gemstones Market
- Pakistan Construction Materials Market
- Pakistan Chemicals Market
- Pakistan Metals Market
- Pakistan Petrochemicals Market
- Pakistan Real estates Market
- Pakistan Food Market
- Pakistan Crops Market
- Pakistan art and craft Market
How is economic changes in Pakistan?
Extensive economic changes have recently led to stronger economies and accelerated growth rates, especially in the manufacturing and financial services sectors. We have also seen great improvements in the foreign exchange position and rapid growth in fixed currency resources in recent years. Foreign debt in 2005 was estimated at $ 40 billion. However, this debt has been reduced with the help of the International Monetary Fund and debt forgiveness from the United States. GDP in 2005 was estimated at $ 405 billion, and its per capita GDP was $ 2,400.
Another important industry that has been denied access in the past is aerospace. Various artillery brigades in the army have already helped expand Pakistan's military ammunition. There are rumors of possible public or private involvement in future missile programs that could be linked to Pakistan's space program; because the country's current capabilities include short-range ballistic missiles and research on intercontinental ballistic missiles. A structural approach to utilizing these aerospace capabilities may lead to faster economic growth in Pakistan, as the aviation industry has already seen significant growth in recent years, with the presence of several airlines.
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Pakistan Customs Law
The decline peaked in 2002, and the government set four tariff groups, including 5, 10, 20, and 25 percent, for various goods. This rate is even lower than the WTO tariffs, and the average tariff is now close to 2.15 percent, a significant reduction from 1994 (56 percent). The tariff is 25% for most consumer goods, 10% for intermediate goods, and 5% for raw materials, and no goods are subject to customs for export from Pakistan.
Pakistan Export Laws
There are no restrictions on exports to Pakistan and only exporters must register with the Pakistan Export Promotion Office and obtain an export registration number.
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Pakistani banking laws and how to transfer money and capital
Responsible for Pakistan's monetary policy is the Ministry of Finance and the Central and State Banks. All kinds of investment banks and financial development institutions and all kinds of investment funds are responsible for transferring money and capital flows in the country.
Imports from Pakistan
Pakistan's total exports in 2017 were $ 24.8 billion, making it the 68th largest exporter in the world.
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Transportation in Pakistan
The 9,574 km long National Highway and Motorway network - which is 3.65 percent of the total road network - carries 80 percent of Pakistan's total traffic.
An efficient transportation system plays a vital role in the economic development of a country. The government vision for economic growth and poverty reduction requires massive investment and development of infrastructure for sustainable economic growth. Pakistan Railways has a definite edge over roads for long haul and mass scale traffic movement both for passengers and freight in addition to providing a safe, economical, and environment friendly mode of transport. Throughout world history, rail traffic has played an important part in the development and economic prosperity of nations. Railways are a valuable source of employment while generating large Transport and Communications 229 amounts of revenue to the benefit of the economy.
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