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Karachi is the financial and industrial capital of Pakistan. As of 2019, Karachi has an estimated GDP (PPP) of $164 billion. [ 1 ][ 2 ] The city accounts about half of the total collections of the Federal Board of Revenue, out of which, approximately half are customs duty and sales tax on imports. [ 3 ] Karachi produces about 30 percent of value added in large-scale manufacturing, [ 4 ] 25% of ...
2022 Pakistan floods in summer cause over $30 billion dollars in economic losses in Pakistan. [26] 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 2 December. Pakistan's foreign exchange reserves equal to just five weeks of merchandise imports.
In the late 1940s, upon its establishment, Pakistan had an agrarian-based economy. Agriculture constituted 53% of the country's GDP in 1947 and slightly increased to 53.2% in 1949–50. With a population of approximately 30 million, including around 6 million residing in urban areas, about 65% of the labor force was engaged in agriculture. The agricultural sector played a crucial role ...
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Pakistan Industrial Development Corporation (PIDC) is a state corporation of Pakistan under Ministry of Industries and Production. It was created to set up industries in Pakistan in such fields where the private sector was shy and where large amount of capital outlay with long gestation period was required.
Cook like Ina Garten this fall and winter with the queen's favorite 5.5-quart Dutch oven, now 20% off at Sur La Table. You can score the stunner on sale in 13 colors and use it to cook hearty ...
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