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An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. [1] [2] [3] ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars.
Despite its potential, Pakistan's taxation system faces several significant challenges: Low tax-to-GDP ratio: Pakistan’s tax-to-GDP ratio remains lower than the global average. In recent years, the ratio has been approximately 9.5%, far below that of neighboring countries like India (16%) and Bangladesh (12%). This indicates inefficiencies in ...
Pakistan, in 2022, had a (GDP nominal) of around US$377 billion and (GDP PPP) of around US$1.512 trillion, according to trading economics. [1] This value can be further divided into the unit levels (GSP), providing an outlook of how much value each unit contributes to the national GDP.
A Pakistan country-specific exchange traded fund plunged Tuesday after Fitch Ratings cut the country’s credit-rating outlook. The Global X MSCI Pakistan ETF (PAK) declined 4.6% on Tuesday. The ...
In December 2001, the Government of Pakistan introduced Pakistan Investment Bonds (PIBs), replacing Federal Investment Bonds, with maturities of three, five, and ten years. [ 5 ] [ 6 ] The primary purpose of these scripless bonds was to establish a long-term yield curve to assist corporate entities in pricing their debt instruments. [ 5 ]
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. [2]
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. [3] As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995. [3]
West Indian cricket team in Pakistan in 2022; Killa Saifullah bus crash; 10 June – 2022-2023 Pakistan federal budget; 12 June – 2022 Karachi fire; 14 June – October - 2022 Pakistan floods; 17 June – Pakistan at the 2022 World Aquatics Championships; 21 June – June 2022 Afghanistan earthquake; 26 June – 2022 Sindh local government ...