The Pakistanis settled in Western Europe and North America are important sources of remittances to Pakistan. The country is Asia's largest Majority of the population, directly or indirectly, dependent on this sector.
Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Umar Akmal’s ban over corruption charges reduced to 18 monthsBabar Azam can register his name among great Pakistan batsmen: AzharuddinBroad fresh after 500th Test wicket and looking ahead to Pakistan seriesThis material may not be published, broadcast, rewritten, redistributed or derived from. Pakistan has a large base for industrial minerals. From financial year 2014 to 2016, exports declined by 12.4 percent. This can be confirmed by the Tariffs have been reduced to an average rate of 16%, with a maximum of 25% (except for the car industry).
Since 1973 the Pakistani workers in the oil rich Arab states have been sources of billions of dollars of remittances. The current tax-to-GDP ratio is 12.6% (2016),Government expenditures were 4,383.6 billion rupees (FY 2016–2017 July to March).
Pakistan has a population of over 220 million (the world's 5th-largest), giving it a nominal GDP per capita of $1,357 in 2019, which ranks 154th in the world and giving it a PPP GDP per capita of 5,839 in 2019, which ranks 132nd in the world for 2019.
Pakistan Government Debt to GDP was 84.8 % in 2020. 47.1% increase in Net FDI in 2014–2015 (July–October) as compared to 2013–14 (July–October).With the rapid growth in Pakistan's economy, foreign investors are taking a keen interest in the corporate sector of Pakistan. So in only 5 years it almost double its tax revenue which is a phenomenal achievement.The Pakistani rupee depreciated against the US dollar until around the start of the 21st century, when Pakistan's large current-account surplus pushed the value of the rupee up versus the dollar. Pakistan's Trade Balance recorded a deficit of 1.9 USD bn in Nov 2019.A 30% currency devaluation required to bring down debt by 4%. The discovery of coal deposits having over 175 billion tonnes of reserves at Thar in the Sindh province has given an impetus to develop it as an alternative source of energy. The foreign exchange receipts from these sales are also helping cover the current account deficit.Pakistan witnessed the highest export of US$25.1 billion in the FY 2013–14. ISLAMABAD: Pakistan’s general government debt (including guarantees and the International Monetary Fund borrowing) declined to 84.7 per cent of GDP, from 88pc.“In the first quarter of 2019-20, budget execution by the incumbent government improved considerably, registering a primary surplus of 0.6pc of GDP and an overall deficit of 0.6pc – about 1pc of GDP better than programmed,” the report added.It said the over-performance was driven by stronger than expected non-tax revenues, accompanied by double-digit growth in tax revenue net of refunds.At the same time, due to import compression, customs receipts and other external sector-related taxes have suffered (up only 6pc year-on-year), the report said, adding that spending, including by the provinces, has remained prudent.However, the document observed that in FY19, the budget registered a primary deficit of 3.5pc of GDP and an overall deficit of 8.9pc, against its target of 1.8pc and 7pc, respectively.Revenue collection at the federal level came in at 2pc of GDP, lower than expected, while total expenditures and provincial fiscal balances were in line with projections, it added.
This program has a broad canvas of schemes enabling youth and poor segment of society to get better employment opportunities, economic empowerment, acquiring skills needed for gainful employment, access to IT and imparting on-the-job training for young graduates to improve the probability of getting a productive job. It left our shores long ago and resides in the west.84pc of GDP is under debt... That's the highest ever and a recipe for economic collapseLet this government complete it's term, only then we could see the whole picture. In recent years, the country has seen rapid growth in industries (such as apparel, textiles, and cement) and services (such as telecommunications, transportation, advertising, and finance).Pakistan is a net food exporter, except in occasional years when its harvest is adversely affected by droughts. The recent improvements in the economy and the business environment have been recognised by international rating agencies such as Moody's and Standard and Poor's (country risk upgrade at the end of 2003). To 84.7 percent of its GDP, from 88pc?If we reduce the debt to 50pc by the end of the term .
Also fiscal deficit is different from debt.
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