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Economy

Pakistan: Asia's next growth engine

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The Pakistan Stock Exchange's building in Karachi   © Reuters

With a gross domestic product per capita of 1,500 dollars, roughly half that of the Philippines and Indonesia, Pakistan ranks as a poor country by many standards. However, with a young and growing population coupled with increased stability, the South Asian country has remarkable potential for growth.

The country's land forces rank fourth in the world in terms of personnel numbers, while its air force has a total of 456 combat aircraft. Its fleet includes highly advanced craft such as U.S. fighter F-16 Fighting Falcon. And that is without even touching on the country's nuclear arsenal.

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