Pakistan 10th biggest country in Asia for foreign investment
- By Web Desk -
- Oct 26, 2018
KARACHI: The amount of direct foreign investment in the services sector of Pakistan raised to $ 1.3 billion during last year.
According to the Asian Economics Anti-Corruption Report of Asian Development Bank, Pakistan is currently the 10th biggest country in Asia in terms of direct foreign investment, Radio Pakistan reported.
In March last year, Pakistan was ranked among the twenty-three most powerful countries in the world, according to US News and World Report which released the latest edition of its annual “Best Countries” study.
The US retained its position as the world’s most powerful nation, despite declining respect for its leadership. Its economic, political influence shapes the world, and a mammoth defence budget of about $600 billion and leading economy put it at the top.
The US was perceived as the most powerful, followed closely by Russia and China with the UK coming in fourth. The rise of China is quite remarkable as the country already has the world’s largest military, and experts predict it will be the world’s largest economy by 2050.
The media organisation evaluated 80 countries across a range of criteria, including cultural history, citizenship, and quality of life.
Another key measure was “power,” which determines how economically and politically influential a country was and weighed the strength of its international alliances and military.
More than 21,000 business leaders, informed elites, and general citizens were surveyed with the goal of discovering how nations are perceived on a global scale.
The organisation states that the world’s most powerful countries are those that consistently dominate news headlines, preoccupy policymakers and shape economic forecasts.
The foreign and economic policy decisions of the countries can have ripple effects all over the world. Also, their military budgets are tracked religiously, and the international community expects them to honour their pledges.