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In late January, Pakistan lifted the artificial cap on its currency, causing the rupee to plunge 20% against the dollar in a few days. The government raised fuel prices by 16%. And the Pakistani central bank raised its interest rate by 100 basis points to battle the country's highest inflation in decades, expected to be as high as 26% in ...
Nestlé Pakistan Limited (/ ˈ n ɛ s l eɪ / NESS-lay) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé. [2] It is active in dairy, confectionery, coffee, beverages, infant nutrition and bottled drinking water areas. [3] [4] [5] It is based in Lahore, Pakistan. Nestlé trades on the Pakistan Stock ...
The Pakistan government spent over 1 trillion rupees (about $16.7 billion) on poverty alleviation programs during the past four years, reducing poverty from 35% in 2000–01 to 29.3% in 2013 and further to 17% in 2015. [56] Rural poverty remains a pressing issue, as development in those areas has been significantly slower than in major urban areas.
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.
The NEC consists of a total of 13 members, led by the Prime Minister of Pakistan, who serves as the chairman. In addition to the chief ministers from all provinces, the council includes various federal ministers and nominated representatives from different political parties and provinces. [2] [3] [4]
Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the salaries of government employees and setting an ambitious tax ...
The price of a product or service is defined as cost plus profit, whereas cost can be broken down further into direct cost and indirect cost. [1] As a business has virtually no influence on indirect cost, a cost reduction oriented cost breakdown analysis focuses rather on factors contributing to direct cost.
Increased defense expenditures and a flood of refugees to Pakistan after the Soviet invasion of Afghanistan in December 1979, as well as the sharp increase in international oil prices in 1979–80, drew resources away from planned investments (see Pakistan Becomes a Frontline State, ch. 5). Nevertheless, some of the plan's goals were attained.