Open image in new windowPakistan
Pakistan was formed when India declared independence from British rule in 1947. Recurring conflict with India over Kashmir and other nationalistic issues have resulted in violence and social unrest. The country’s currency is the Pakistani rupee (PKR), which in 2010 exchanged at PKR85.27 to US $1. There most common language spoken is Punjabi.
Pakistan is a federal republic, which was led by Pervez Musharraf through military rule from October 1999 until 2007. In 2008, Pakistan held parliamentary elections and elected Asif Ali Zardari as president in September of that year.
In 2011, inflation remained high in the country with an average consumer price inflation of 14%. Generally under-developed infrastructure in the country has prompted the government to seek public–private partnerships to help improve transportation routes.
Pakistan’s export market is focused in textiles, rice, leather goods and carpets. GDP grew by 4.8% in 2010, while unemployment rose to a high...