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2021–2022 ›. The Federal budget 2020–2021 is the federal budget of Pakistan for the fiscal year beginning from 1 July 2020 and ending on 30 June 2021. The budget was presented in the Parliament by the Federal Minister Hammad Azhar. [1] It is also called Corona budget as it was presented during the Corona Crisis. [2]
International Labour Organization. Pakistan is a member of the ILO. Trade unions in Pakistan are regulated under provincial industrial relations acts. [1] Under the Constitution of Pakistan, labour is considered a shared responsibility of the federal and provincial governments. [2] The latest Industrial Relation Act was promulgated on 12 March ...
In finance, a coupon is the interest payment received by a bondholder from the date of issuance until the date of maturity of a bond . Coupons are normally described in terms of the "coupon rate", which is calculated by adding the sum of coupons paid per year and dividing it by the bond's face value. For example, if a bond has a face value of ...
The national debt of Pakistan (Urdu: قومی قرضہ جاتِ پاکستان), or simply Pakistani debt, is the total public debt, or unpaid borrowed funds carried by the Government of Pakistan, which includes measurement as the face value of the currently outstanding treasury bills (T-bills) that have been issued by the federal government.
Although Pakistan didn't officially launch a First Five-Year Plan, it embarked on various development initiatives during this period. The key focus areas included agriculture, industries, and infrastructure development. At the time of partition of British India by the United Kingdom, Pakistan was a relatively under-developed country.
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%.
According to the World Travel and Tourism Council, the direct contribution of travel and tourism to Pakistan's GDP in 2016 was Rs. 793 billion (equivalent to Rs. 4.0 trillion or US$14 billion in 2021), constituting 2.7% of the total GDP. [8]
Cotton is grown mostly in the two provinces of Punjab and Sindh, with the former accounting for 79% and the latter for 20% of the nation's cotton-growing land. It is also grown in Khyber Pakhtunkhwa (KPK) and Balochistan provinces. The total land area of cotton cultivation was reported as 2,950,000 hectares (7,300,000 acres) during the 2014 ...
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