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The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
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]
March 7, 2006 Focus on reducing poverty, creating jobs: Musharraf: ‘Pakistan not in arms race’: President Gen Pervez Musharraf has said Pakistan is focused on improving its economy and alleviating poverty and eradicating terrorism from its soil and is not interested in joining a "numerical arms race" with India. [9] March 8, 2006
The major economic infrastructure was quickly expanded and the hiring gap was filled as government revenue began to rise. [6] The currency war with India following the devaluation of the British Pound Sterling and Indian refusal to recognize the Pakistani rupee in 1949 led to a deadlock in India-Pakistan trade .
The Government of Pakistan (Urdu: حکومتِ پاکستان, romanized: hukūmat-e-pākistān) (abbreviated as GoP), constitutionally known as the Federal Government, [a] commonly known as the Centre, [b] is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, consisting of four provinces and one federal territory.
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]
The partition of British India and the emergence of India and Pakistan in 1947 severely disrupted the country's economic system. The united government of Pakistan expanded its cultivated area and some irrigation facilities, but the rural population generally became poorer between 1947 and 1971 because improvements did not keep pace with the ...
Azad Kashmir government. President: ... 2006; 2011; 2016; 2021; Gilgit-Baltistan: 2009; ... A list of departments and agencies of the Government of Pakistan. [1] [2 ...