As the 6th largest country by population, Pakistan is the second biggest market in South Asia. Decades of internal political instability and low levels of foreign investment have resulted in slow growth and underdevelopment. However, in recent years the country has pursued reforms to improve its business environment and facilitate private sector development. As a result of the reforms and improved political stability, the rate of growth has accelerated.
Pakistan has an agricultural economy with a network of canals irrigating a major part of its cultivated land. Wheat, cotton, rice, millet and sugar cane are the major crops. Fruits like mangos, oranges, bananas and apples are grown aplenty.
Pakistan was ranked 144th out of 190 in the World Bank’s Ease of Doing Business Survey benchmarked on June 2016, excelling in protecting minority investors (27th) but falling short in the categories of dealing with construction permits (150th), trading across borders (172nd) and paying taxes (156th).