The Islamic Republic of Pakistan is a country located in South Asia with a population of 167 million. The structure of the Pakistani economy has changed from a mainly agricultural base to a strong service base. Agriculture now only accounts for roughly 20% of the GDP, while the service sector accounts for 53% of the GDP. Significant foreign investments have been made in several areas including telecommunications, real estate and energy. Other important industries include textiles (accounts almost 60 % of total GDP), food processing, chemicals manufacture, and the iron and steel industries. Pakistan’s exports in 2008 amounted to $20.62 billion (USD). Pakistan is a rapidly developing country. However, the Economic crisis of 2008 led Pakistan to seek more than $100 billion in aid in order to avoid possible bankruptcy.