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The incumbent government of Pakistan under Prime Minister Imran Khan has presented its third budget for the Fiscal Year 2021-22. This budget has a value of Rs8.49 trillion, an increase of Rs700 billion over the last budget, and a GDP growth rate target of 4.8 percent. The 2021-22 budget is important as the country has presented positive ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Below is a summary of the applicable sales tax rates in Pakistan: Sales tax on goods: 18%. Sindh Sales tax on services: 19.5%. Punjab Sales tax on services: 16%. Balouchistan Sales tax on services: 15%. Khyber Pakhtunkhwa (KPK) Sales tax on services: 19.5%. Islamabad Capital Territory (Tax on Services): 16%.
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. Pakistan has traditionally followed a "top-down" approach ...
The automotive industry in Pakistan is one of the smallest but fastest-growing industries in the country, growing by 171% between 2014 and 2018. It accounts for 3% of Pakistan's GDP and employed a workforce of over 3.5 million people as of 2018. Pakistan is the 23rd largest producer of automobiles. Its contribution to the national exchequer is ...
2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. 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 2nd December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise imports.
The car has a peak power of 80 kW or 108 hp and a battery capacity of 35 kWh covering 210 km. Its first prototype was unveiled on 15 August 2022. Pakistan, in collaboration with China, has introduced its first-ever electric car company, Topsun Motors, which inaugurated its showroom in Jail Road of Lahore on 3 January 2020.
Economy of Pakistan Karachi, the financial hub of Pakistan Currency Pakistani rupee (₨) (PKR) Fiscal year 1 July – 30 June Trade organisations ECO, SAFTA, WTO, AIIB, ADB, and others Country group Developing economy Lower-middle income economy Statistics Population 241,499,431 (5th, 2023 Census) GDP $374.90 billion (nominal ; 2024) $1.57 trillion (PPP ; 2023 est.) GDP rank 46th (nominal ...