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Pakistan

China agrees to provide $2.3 bn loan: Miftah

Posted on by Tuba Zafar

ISLAMABAD, Jun 22 (APP):Minister for Finance and Revenue Miftah Ismail Wednesday said the Chinese consortium of banks on Tuesday signed an RMB 15 billion ($2.3 billion) loan facility agreement. The minister, in a tweet, said the inflow was expected within a couple of days. “We […]

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South Asian nation of Pakistan is renowned for its varied people, rich cultural heritage, and ancient sites. With its dynamic political environment, socioeconomic advancements, and geographical relevance, it is a country that captures the interest of the whole globe. This article will examine some of Pakistan’s most recent newsworthy events, giving readers a quick overview of the nation’s present situation.

Pakistan, sometimes referred to as the Islamic Republic of Pakistan, is a South Asian nation. It has shared boundaries with India to the east, Afghanistan, Iran, China, and the Arabian Sea to the west, south, and northeast. Pakistan is the fifth-most populated nation in the world, with a total population of about 225 million.

History: As a result of the division of India, Pakistan became independent from British colonial authority on August 14, 1947. As a distinct homeland for Muslims in the area, the nation was founded. Millions of people were displaced as a result of extensive communal violence and mass migration brought on by the division.

Geographical diversity in Pakistan includes mountainous regions in the north, including the Himalayas and the Karakoram range, as well as coastal regions along the Arabian Sea. One of the world’s longest rivers, the Indus, runs across the nation and supplies water for hydropower production and irrigation.

Pakistan’s climate ranges from being desert in the south to being moderate in the north. Winters may be chilly, especially in the northern mountainous regions where snowfall is prevalent, but summers are often hot, with temperatures topping 40°C (104°F) in certain places.

Pakistan’s society and culture are diverse and multiethnic, and it has a long history. Islam is practiced by the vast majority of people, and Islamic customs and ideals have a significant impact on Pakistani culture. While English is widely spoken and utilized in professional and commercial contexts, Urdu is the country’s official language.

Popular meals include biryani, kebabs, and curries. Pakistani cuisine is renowned for its variety and tastes. Both men’s and women’s shalwar kameez are examples of traditional dress, while there are regional variants throughout the nation.

Major Cities: Islamabad, the nation’s capital and administrative hub, is situated in the northern section of the nation. The largest city and a significant financial and commercial centre is Karachi, which is located on the country’s southern coast. Pakistan’s cultural capital is Lahore, which is renowned for its extensive historical landmarks and cultural history.

Regarding purchasing power parity, Pakistan’s economy ranks as the 23rd largest in the world. Its economy is mainly on agriculture and it is categorized as a developing country. Its main exports are textiles, apparel, and agricultural goods. To promote economic growth, the government has been concentrating on industrialisation, infrastructure improvement, and luring international investment.

Pakistan confronts a number of difficulties, such as poverty, terrorism, political unrest, and insufficient access to healthcare and education. The nation does, however, have a great deal of room to expand and flourish. It boasts a youthful, expanding population, a prime position for commerce, and an abundance of minerals, coal, and other natural resources.

By adopting economic reforms, funding human development, supporting peace and stability, and increasing regional connectivity, Pakistan is working to overcome these obstacles and seize its possibilities. Daily Pakistani news is published by Pakistan News International.

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