10 Least Developed Countries in Asia

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5. Pakistan

HDI Ranking: 2

GDP Per Capita Ranking: 8

Average Ranking: 5

Pakistan is one of the least developed countries in Asia. Among the most notable issues that have hampered development in the country include terrorism in the Northwest, lack of land reforms, incomplete market reforms, poor human capital, lack of quality education, political instability and widespread corruption.

Pakistan has an imports-oriented economy that largely survives on foreign debt and aid, and it is currently on the verge of bankruptcy and economic collapse, due to fiscal deficit.

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