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.
Highlights from the Asian Development Outlook 2014:
Macroeconomic and security challenges continue to weigh on the economy. Growth is expected to remain modest in FY2014, largely reflecting fiscal consolidation to deal with high deficits that have caused macroeconomic imbalances. The government has embarked upon a program of fiscal and structural reform, supported by an Extended Fund Facility Arrangement with the International Monetary Fund, to restore macroeconomic balance, relieve energy shortages, and guide the economy toward faster and more sustainable growth. Read more.
Partner Institutions and Pakistan
- Asian Development Bank
- International Monetary Fund
- United Nations Development Programme
- World Bank