 Pakistan also has the sixth-largest standing armed forces in the world and is spending a major amount of its budget on on defense.Pakistan is the founding member of the OIC, the SAARC and the Islamic Military Counter Terrorism Coalition as well as a member of many international organisations including the UN, the Shanghai Cooperation Organisation, the Commonwealth of Nations, the ARF, the Economic Cooperation Organization and many more.Pakistan is a regional and middle power which is ranked among the emerging and growth-leading economies of the world and is backed by one of the world's largest and fastest-growing middle class.