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Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. In September 2021, the government stated that 22% percent of its population lives below the national poverty line set at Rs. 3030 (US$10) per month.
Pakistan Mint. Valuation. Inflation. 35.37% (2023) The Pakistani rupee ( ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949.
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 ...
KIBOR. The Karachi Interbank Offered Rate ( KIBOR) is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Karachi wholesale (or "interbank") money market. [1] The banks used it as a benchmark in their lending to corporate sector.
Growth rate: 1.85% (2021 est.) ... as Pakistan's urbanisation rate rose from 28.2% to 36 ... Pakistan today has many very large urban centers which act as hubs for ...
In March 2023, the food inflation rate in Pakistan witnessed a significant increase, with urban areas experiencing a rate of 47.1 percent and rural areas facing a slightly higher rate of 50.2 percent. Moody's downgrades Pakistan's rating to Caa3; changes outlook to stable from negative.
Per capita GNP growth rate from 1985 to 1995 was only 1.2 percent per annum, substantially lower than India (3.2), Bangladesh (2.1), and Sri Lanka (2.6). The inflation rate in Pakistan has averaged 7.99 percent from 1957 until 2015, reaching an all-time high of 37.81 percent in December 1973 and a record low of -10.32 percent in February 1959.
Federal income taxes are administered by the Federal Board of Revenue. The period from July 1 to June 30 is considered as a normal tax year for Pakistan tax law purposes. Corporate Income tax rates Currently, the Corporate Income tax rate is 29% for tax year 2019 and onwards whereas the corporate tax rate is 35% for Banking Industry for TY 2019.
Literacy rate: 59.13% World Bank: 74.5% youth literacy rate (population 15–24 years both genders) Population: 5/238: CIA World Factbook: Total Population 268,580,000 Population growth rate 45/237 World Health Organization: 2.07% Population Density: 50/235: Worldometer: 275 people per km 2 of land area Life Expectancy at birth: 144/183: CIA ...
During that period economy of Pakistan remained in poor shape and Pakistan had to go to IMF again for record third in the period of Bhutto government. As per few sources, this was the most corrupt government in the history of Pakistan. This time Pakistan got an amount of US$294,690 (equivalent to $589,251 in 2023) on 13 December 1995.