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2022–23 Pakistan federal budget. On 10 June 2022, Finance Minister Miftah Ismail presented a federal budget of Rs 9.5 trillion for the financial year 2022–2023, which is nearly a trillion higher than the previous financial year. [1] [2] On 29 June 2022, the National Assembly of Pakistan approved the passage of the Finance Bill, 2022. [3]
As of Feb. 9, total liquid foreign reserves stood at $13.15 billion, having previously fallen to just $4.1 billion in June 2023. According to State Bank of Pakistan data, Pakistan requires $6.1 billion for debt servicing before the end of the fiscal year (June 30). Pakistan's inflation rate will remain between 12.5-11% in June–July. [43]
2023–24 Pakistan federal budget. The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June, 2023 after Finance Minister Ishaq Dar introduced new taxes and expenditure cuts. The budget was accepted the next day.
MUNIR AHMED. June 12, 2024 at 12:33 PM. ISLAMABAD (AP) — Pakistan’s new coalition government presented its first budget in parliament on Wednesday, promising an increase of up to 25% in the ...
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 ...
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 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 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
On 11 April 2022, Pakistan's parliament elected Shehbaz Sharif, head of the Pakistan Muslim League-Nawaz (PML-N) party and the younger brother of Nawaz Sharif, as the country's new prime minister to succeed Imran Khan. [217] Khan’s removal sparked major political instability across Pakistan, [218] as his party, the PTI demanded snap elections ...