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Presentation by

Shah Abdul Azeem BBA 5th

PAKISTAN

The economy of Pakistan is the 26th largest in the world in terms of purchasing power parity (PPP), and 44th largest in terms of nominal GDP

 GDP per capita is $3,149 ranking 140th in the world. Pakistan is a developing country and is one of the Next Eleven, the

eleven countries that, along with the BRICs, have a potential to become one of the world's large economies in the 21st century.

Growth poles of Pakistan's economy are situated along the Indus River the diversified economies of Karachi and major urban centers in the Punjab, coexisting with lesser developed areas in other parts of the country.

In 2014, foreign currency reserves crossed $15 billion which has led to stable outlook on the long-term rating by Standard & Poor's.

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The World Bank (WB) and International Finance Corporation's flagship report Ease of Doing Business Index 2010 ranked Pakistan 85 among 181 countries around the globe. Pakistan came highest in South Asia and also was ranked higher than China and Russia which were at 133. The top five countries were Singapore, New Zealand, the United States, Hong Kong and United Kingdom.

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Due to inflation and economic crisis worldwide, Pakistan's economy reached a state of Balance of Payment crisis. "The International Monetary Fund bailed out Pakistan in November 2008 to avert a balance of payments crisis and in July last year increased the loan to $11.3 billion from an initial $7.6 billion.

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• Population : 185,132,926 as of July 1 2014. (the world's 6th)

• Government : Federal Republic, Parliamentary Republic

• Currency : Pakistani Rupee• Literacy Rate : Below 60%• Growth rate : 4.14% • Per capita income : $ 3144• Life Expectancy : 65.45 years• Inflation (CPI) : 10.9% (Dec 2014)• Population below poverty line : 14% (2014)

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Business Rank 85th

GDP (PPP) Rank 26th $514.559 billion (2013)

Per Capita $2,960

GDP (Nominal) Rank 44th $230.525 billion (2013)

Per Capita $1,410

Currency 1 Pakistani Rupee (PKR)

Fiscal Year 1 July – 30 June

Year Gross Domestic Product

US Dollar Exchange

Inflation Index(2000=100)

Per Capita Income(as % of USA)

1960 20,058 4.76 Pakistani Rupees

3.37

1965 31,740 4.76 3.40

1970 51,355 4.76 3.26

1975 131,330 9.91  2.36

1980 283,4609.97

2.83

1985 569,114 16.28 30 2.07

1990 1,029,093 21.41 41 1.92

1995 2,268,46130.62

68 2.16

2000 3,826,111 51.64 100 1.54

2005 6,581,103 59.86 126 1.71

2014 100.5 195

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Imports $33 Billion (2014)

PAKISTAN IMPORTS GOODS

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In order to address the challenges confronting Pakistan on the economic fronts, Ministry of Commerce has launched a comprehensive three years Strategic Trade Policy Framework (2012-15) document.

It would provide the reference to different trade measures by the Ministry of Commerce and other ministries from time to time.

The overall objective of the STPF is to achieve sustainable high economic growth through exports with the help of policy and support interventions by the government, industry, civil society and donors.

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Income Tax Rates 20141. Individuals

- Non-Salaried - 5 brackets (10% -----25%)- Salaried – 5 brackets (5.0% -----20%)- Exempt up to Rs. 4 Lac

2. Companies - Public, Private& Banking Companies 35%- Small companies 25%

3. Dividend received by all tax payers 10% and 20% on banking company from its assets management company

4. Property income - Rs. 150,000 exempt - Rates 5% -----10%

1. We Consume More and Save Less2. We Import More and Export Less3. Government Spends More than it Earns as Revenues4. Our Share in the World Trade is Shrinking5. We Badly Lag in Social Indicators6. We Face Energy and Water Shortages7. Cost of Doing Business is High8. Crisis of Governance and Implementation Weaknesses9. Uncertainty and Unpredictability due to Lack of Continuity10. Political Stability, Law and Order/Security

Economic situation Pakistan today's economy Trade1. External 2. Internal Agriculture sector contribution Manufacturing Energy sector and petroleum Information technology Challenges to Pakistan economy Income tax rates 23

The End

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