The document summarizes key information about Pakistan's economy. It states that Pakistan has the 26th largest economy by PPP and 44th largest by nominal GDP. The economy has grown at an average of 4.14% annually and per capita income is $3,144, ranking 140th globally. However, Pakistan faces challenges such as a low savings rate, high imports, energy shortages, and security issues that impact the business environment.
2. The economy of Pakistan is the 26th largest in the world in terms of
purchasing power parity (PPP), and 44th largest in terms of nominal
GDP
GDP per capita is $3,149 ranking 140th in the world.
Pakistan is a developing country and is one of the Next Eleven, the
eleven countries that, along with the BRICs, have a potential to
become one of the world's large economies in the 21st century.
Growth poles of Pakistan's economy are situated along the Indus
River the diversified economies of Karachi and major urban centers
in the Punjab, coexisting with lesser developed areas in other parts
of the country.
In 2014, foreign currency reserves crossed $15 billion which has led
to stable outlook on the long-term rating by Standard & Poor's.
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3. The World Bank (WB) and International
Finance Corporation's flagship report Ease of
Doing Business Index 2010 ranked Pakistan 85
among 181 countries around the globe.
Pakistan came highest in South Asia and also
was ranked higher than China and Russia
which were at 133. The top five countries were
Singapore, New Zealand, the United States,
Hong Kong and United Kingdom.
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4. Due to inflation and economic crisis worldwide,
Pakistan's economy reached a state of Balance of
Payment crisis. "The International Monetary Fund
bailed out Pakistan in November 2008 to avert a
balance of payments crisis and in July last year
increased the loan to $11.3 billion from an initial $7.6
billion.
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5. • Population : 185,132,926 as of July 1 2014. (the world's 6th
)
• Government : Federal Republic,
Parliamentary Republic
• Currency : Pakistani Rupee
• Literacy Rate : Below 60%
• Growth rate : 4.14%
• Per capita income : $ 3144
• Life Expectancy : 65.45 years
• Inflation (CPI) : 10.9% (Dec 2014)
• Population below poverty line : 14% (2014)
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6. Business Rank 85th
GDP (PPP) Rank 26th
$514.559 billion
(2013)
Per Capita $2,960
GDP (Nominal) Rank 44th
$230.525 billion
(2013)
Per Capita $1,410
Currency 1 Pakistani Rupee (PKR)
Fiscal Year 1 July – 30 June
7. Year Gross
Domestic
Product
US Dollar
Exchange
Inflation
Index
(2000=100)
Per Capita
Income
(as % of USA)
1960 20,058 4.76 Pakistani
Rupees
3.37
1965 31,740 4.76 3.40
1970 51,355 4.76 3.26
1975 131,330 9.91 2.36
1980 283,460
9.97
2.83
1985 569,114 16.28 30 2.07
1990 1,029,093 21.41 41 1.92
1995 2,268,461
30.62
68 2.16
2000 3,826,111 51.64 100 1.54
2005 6,581,103 59.86 126 1.71
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20. ♣ In order to address the challenges confronting Pakistan
on the economic fronts, Ministry of Commerce has launched
a comprehensive three years Strategic Trade Policy
Framework (2012-15) document.
♣ It would provide the reference to different trade measures by
the Ministry of Commerce and other ministries from time to
time.
♣ The overall objective of the STPF is to achieve sustainable
high economic growth through exports with the help of policy
and support interventions by the government, industry, civil
society and donors.
21. 21
Income Tax Rates 2014
1. Individuals
- Non-Salaried - 5 brackets (10% -----25%)
- Salaried – 5 brackets (5.0% -----20%)
- Exempt up to Rs. 4 Lac
2. Companies
- Public, Private& Banking Companies 35%
- Small companies 25%
3. Dividend received by all tax payers 10% and 20% on banking
company from its assets management company
4. Property income
- Rs. 150,000 exempt
- Rates 5% -----10%
22. 1. We Consume More and Save Less
2. We Import More and Export Less
3. Government Spends More than it Earns as Revenues
4. Our Share in the World Trade is Shrinking
5. We Badly Lag in Social Indicators
6. We Face Energy and Water Shortages
7. Cost of Doing Business is High
8. Crisis of Governance and Implementation Weaknesses
9. Uncertainty and Unpredictability due to Lack of Continuity
10. Political Stability, Law and Order/Security
23. Economic situation
Pakistan today's economy
Trade
1. External
2. Internal
Agriculture sector contribution
Manufacturing
Energy sector and petroleum
Information technology
Challenges to Pakistan economy
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