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2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. [43] At the end of March 2022, the State Bank of Pakistan's reserves stood at $11.425bn, but they gradually tanked to an almost four-year low of $6.715bn on 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise ...
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 43rd largest in terms of nominal GDP. With a population of 254.4 million people as of 2024, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
Pakistan's economy remains under severe strain due to a debt crisis, with the country facing challenges in repaying $1.2 billion in outstanding payments. [27] In Pakistan, inflation maintains its upward trajectory, as indicated by the most recent official data, which shows a year-on-year increase of 35.4% in the consumer price index for March 2023.
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] It is featured well within the list of country subdivisions with a GDP (PPP) over $200 billion. Sindh's GDP is to a large extent influenced by the economy of Karachi.
Following Coronavirus in 2020 foreign investment in domestic bonds "left the country", [5] while in June 2023 FDI fell to a twelve-year low. [6] The establishment of the SIFC is seen as a response to the requirement for economic revitalization during Pakistan's economic crisis, specifically addressing the obstacles posed by bureaucratic red tape and intricate regulations that act as deterrents ...
Pakistan Vision 2025 is a set of goals for social, economic, security, and governance developments outlined by the government of the Islamic Republic of Pakistan to be achieved by 2025. The overall goal is for Pakistan to become an upper-middle income country by 2025 and to eventually become one of the top ten economies in the world by 2047 ...
Pakistan reports a case of mpox in Azad Kashmir, raising the total of cases in the country to four. In response, Prime Minister Shehbaz Sharif announces that the country will now be screening people at entry points for the disease.
Pakistan primary surplus target of 0.2% of GDP; Targeted fiscal deficit of 4.9% of GDP; Increased tax on banks and fertilizers; Luxury tax on cars with 1,600cc engine size and above. Tax on real estate transactions to 2% versus 1% for tax-payers; Increased taxes on tobacco companies by a third to 200 billion rupees; Fuel cuts for government ...