Pakistan in CAREC
- Pakistan joined CAREC in 2010
Trade and Transport Facilitation II
Expected outcome: This component builds on the results achieved by the first trade and transport facilitation project closed in 2006, extending efforts to streamline and integrate trade data exchange and official controls, sustain public/private sector collaborative institutional framework and strengthen the domestic logistic industry.
Pakistan is located at the crossroads of Central, South, and Southwest Asia, a strategic location with great potential for Pakistan to become a hub of economic activity.
- Ministry of Foreign Affairs
Highlights from the Asian Development Outlook 2013:
Growth picked up slightly, but for the fifth consecutive year low growth, falling investment, excessive fiscal deficits, high inflation, and a deteriorating external position weighed on the economy. While problematic security and natural disasters are endemic, a difficult political situation stalled effective policy response to macroeconomic and structural problems, especially regarding energy. Read more.
Partner Institutions and Pakistan
- Asian Development Bank
- International Monetary Fund
- United Nations Development Programme
- World Bank