Search results
Results from the WOW.Com Content Network
However, the Pakistan-India War of 1965 led to reduced foreign economic assistance, impacting the growth rate of large-scale manufacturing. From 1965–70, this sector grew at a comparatively lower rate of 10% per annum. Despite challenges, Pakistan achieved an impressive average annual GDP growth rate of 6.7% throughout the 1960s.
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
The number shown is the average annual growth rate for the period. Population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship—except for refugees not permanently settled in the country of asylum, who are generally considered part of the population of the country of origin.
Punjab has the largest economy in Pakistan, contributing most to the national GDP. The province's share was 60.58% in 2020 to national economy. [2] Sindh which is the second largest province in terms of population and GDP which has steadily continued to grow, contributes 23.7% to the national economy. [2]
Pakistan has experienced an economic crisis as part of the 2022 political unrest. It has caused severe economic challenges for months due to which food, gas and oil prices have risen. As of 1 February 2025 Pakistan inflation rate recorded 2.4% lowest in 9 years. The Russian invasion of Ukraine has caused fuel prices to rise worldwide. Excessive ...
In February 2023, Pakistani cabinet approved 'Finance Supplementary Bill 2023' for Mini Budget. [4] The budget for FY 2022-23 aimed to raise Rs. 7 trillion ($34.6 billion) in tax revenue, raise Rs. 372 billion ($1.8 billion) from Sukuk and Eurobonds , target a primary surplus of 0.2% of GDP, target a fiscal deficit of 49% of GDP and meet IMF ...
The exercise is also going to be Pakistan's first digital census, [3] with Umar stating that "98 percent of the process" will be conducted digitally, [2] and geo-fencing and GIS mapping will be used to monitor the operation. [3] The 2023 Census of Pakistan will involve two questionnaires: a housing questionnaire and an individual questionnaire.
During 2023, there was a significant reduction in merchandise exports, which fell by 5% to US$ 24.01 trillion, contrasting sharply with the commercial services sector, which saw a 9% increase in exports to US$ 7.54 trillion. The global GDP is expected to stabilize, maintaining a growth rate of 2.6% in 2024 and 2.7% in 2025.