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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 .
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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.
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.
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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) .
It's been a pretty good year for biotechs. The iShares Nasdaq Biotechnology Index is up 33% year to date, nearly doubling the broader Nasdaq market that's up 18%. But rather than rejoicing (for ...
Conversely, some periods, such as the decade from 2011 to 2020, saw higher-than-average returns, with years like 2013 and 2019 witnessing returns of over 30 percent.