Pakistan is a parliamentary federal republic in South Asia, with a population of more than 193 million people. It borders India, Afghanistan, Iran and China. Experts have high hopes for this country, as it is one of the largest producers of natural commodities in the world. So far, however, M&A activity has been scarce. The country's GDP is growing at nearly 4 percent per year to about $231 billion. It is significantly smaller in size than India and has only about 14 percent of the population. Urdu and English are the official languages.