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To assist the real-estate sector, the Government of Pakistan announced a reduction in interest rates on mortgage loans in 2012. [1] [2] In 2017, the housing gap in Punjab, one of the largest provinces of Pakistan, was around 2.3 million units, this figure is expected to reach the figure of 11.3 million units by the end of 2047. [3]
The Pakistan federal budget of 2011–2012 was presented in the National Assembly with a total outlay of 3.767 trillion rupees for fiscal year 2011–12. The budget was prepared in accordance with the budgeting and accounting classification system approved by the Government of Pakistan as an integral part of the new accounting model.
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There's a lot going on out in the world today, and much of it directly affects the stock market and, by extension, your own investment portfolio. This three-part series will look at where some of ...
Iran assured Pakistan that it is sincerely working to provide assistance and support for overcoming the energy crisis. Sharmeen Obaid-Chinoy becomes the first Pakistani to ever win an Oscar. At the 84th Academy Awards , her documentary on the reconstructive surgery of acid attack victims, Saving Face wins for Best Documentary (Short Subject) .
Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. Average annual real GDP growth rates [25] were 6.8% in the 1960s, 4.8% in the 1970s, and 6.5% in the 1980s. Average annual growth fell to 4.6% in the 1990s with significantly lower ...
In the fiscal year 1949–50, Pakistan recorded a national savings rate of 2%, a foreign savings rate of 2%, and an investment rate of 4%. Manufacturing contributed 7.8% to the GDP, while services, trade, and other sectors accounted for a significant 39%, reflecting a policy centered around import-substituting industrialization .
The Pakistan federal budget of Fiscal year of 2012–2013 was the federal budget of Pakistan for the fiscal year beginning from 1 July 2012 and ending on 30 June 2013. [1]The budget was formally presented on 1 June 2012 by Finance Minister Dr. Abdul Hafeez Sheikh during a National Assembly session.