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The United Nations report in January believed that Pakistan's economy to face global challenges in 2024, modest GDP growth expected. [43] Situation in Pakistan remains chaotic after the 2024 election, and economic data shows that Pakistan's economic crisis will continue. According to the Pakistan Bureau of Statistics, the inflation rate stood at more than 29% in January. Pakistan also has to ...
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 ...
Pakistan wheat import scandal The Pakistan wheat import scandal refers to a controversy that emerged in 2024, involving the importation of a significant amount of wheat by the caretaker government, despite the country having surplus wheat stocks. This decision allegedly caused a loss of more than 300 billion rupees to the national exchequer. [1][2] The import of wheat was continued in the ...
E-commerce in Pakistan, which currently sits at around 1.5% of its total retail market, has grown 50% in the last 12 months. PostEx is a likely contributor to that growth. Online merchants in ...
The Fauji Foundation medical system began with the establishment of a 50-bed TB hospital in 1959 at Rawalpindi. Today, the Fauji Foundation medical system is the largest medical chain outside the Government sector, spread all over Pakistan. [citation needed] On health care, Fauji Foundation spends over 58% of the welfare budget.
The 2024–25 Pakistan Federal Budget is a financial statement of the government's estimated receipts and expenditures for the fiscal year that runs from 1 July 2024 to 30 June 2025. [1][2] On 12 June 2024, finance minister Muhammad Aurangzeb presented the federal budget with a total outlay of Rs18.877 trillion. [3] The same day, a copy of the finance bill was moved in the Senate. [4] On 28 ...
The Pakistan Stock Exchange (PSX) (Urdu: پاکستان اسٹاک ایکسچینج), founded as Karachi Stock Exchange (KSE), is a stock exchange based in Karachi, Pakistan. [4][5] PSX was classified by MSCI as a frontier market on 8 September 2021.
In 2017, 52,874 models were made. The automotive industry in Pakistan is one of fastest-growing industries in the country, growing by 200% between 2020 and 2024. It accounts for 16% of Pakistan's GDP and employed a workforce of over 10 million people as of 2024. Pakistan is the 12th largest producer of automobiles.