Tax exemptions cost Rs1.76 trillion in FY22

Jun 10

Finance, Taxation

Tax exemptions cost Rs1.76 trillion in FY22

ISLAMABAD: The cost of tax exemptions has been estimated at Rs1.76 trillion during the fiscal year 2021/2022 as compared with Rs1.31 trillion in the preceding fiscal year, according to Economic Survey of Pakistan released on Thursday. The cost of exemptions and concessions under sales tax has increased to Rs1.014 trillion during fiscal year 2021/2022 as […]

by Mrs. Anjum Shahnawaz

Share of domestic electricity consumption declines

Jun 10

Energy, Finance

Share of domestic electricity consumption declines

ISLAMABAD: The share of electricity consumption by domestic and commercial consumers in the total consumption has declined during first nine months of the current fiscal year, according to Economic Survey of Pakistan 2021/2022. The share of electricity consumption by household users fell to 47 per cent during July – March 2021/2022 as against the share […]

by Mrs. Anjum Shahnawaz

Average inflation estimated up to 12% in FY22

Jun 10

Finance

Average inflation estimated up to 12% in FY22

ISLAMABAD: The average inflation for the fiscal year 2021/2022 has been estimated up to 12 per cent as against the target of 8 per cent, according to Economic Survey of Pakistan released on Thursday. The survey said that the rising input costs on the back of high utility prices and the lagged impact of exchange […]

by Mrs. Anjum Shahnawaz

SBP jacks up policy rate by 6.75% to 13.75%

Jun 10

Finance, Money & Banking

SBP jacks up policy rate by 6.75% to 13.75%

ISLAMABAD: The State Bank of Pakistan (SBP) has increased the key policy rate by 6.75 per cent during September 2021 to May 2022, according to Economic Survey of Pakistan 2021/2022 released on Thursday. The survey stated that Pakistan’s economy has witnessed a V-shaped recovery in 2020-2021 after witnessing a contraction of 0.9 percent in FY2020. […]

by Mrs. Anjum Shahnawaz

Tax to GDP ratio estimated at 10.8% in FY22

Jun 10

Finance, Taxation

Tax to GDP ratio estimated at 10.8% in FY22

ISLAMABAD: Pakistan’s tax to GDP ratio has been estimated at 10.8 per cent for the fiscal year 2021/2022 as against the ratio of 8.5 per cent in the preceding fiscal year, according to Economic Survey of Pakistan 2021/2022 released on Thursday. The tax to GDP ratio has been estimated on the basis of tax collection […]

by Mrs. Anjum Shahnawaz

LSM posts 10.4% growth in July – March: Economic Survey

Jun 10

Finance

LSM posts 10.4% growth in July – March: Economic Survey

ISLAMABAD: Large Scale Manufacturing (LSM) has registered a significant 10.4 per cent growth during first nine months (July – March) of the current fiscal year, according to Economic Survey of Pakistan 2021/2022 released on Thursday. According to the survey, the performance of LSM stood tremendous with 10.4 percent growth during July-March 2021/2022 as compared to […]

by Mrs. Anjum Shahnawaz

Agriculture surpasses FY22 growth target: Economic Survey

Jun 9

Finance

Agriculture surpasses FY22 growth target: Economic Survey

ISLAMABAD: The agriculture sector has surpassed the growth target of 3.5 per cent for fiscal year 2021-2022 and grew by 4.40 per cent during the fiscal year under review, according to the Economic Survey of Pakistan 2021/2022 released on Thursday. It said during FY22 (2021/2022), the agriculture sector recorded a remarkable growth of 4.40 percent […]

by Mrs. Anjum Shahnawaz

Economic growth to be slow down next year: Economic Survey

Jun 9

Finance

Economic growth to be slow down next year: Economic Survey

ISLAMABAD: After achieving GDP growth at 5.97 per cent in the fiscal year 2021/2022, the economic growth to be slow down next year, according to the Economic Survey of Pakistan released on Thursday. The survey stated that Pakistan’s economy faces several severe challenges. Inflation is running too high, the prospects for future growth in potential […]

by Mrs. Anjum Shahnawaz

Per capita income in Pakistan rises to $1,798 in 2021-22

Jun 9

Finance, National

Per capita income in Pakistan rises to $1,798 in 2021-22

ISLAMABAD: The per capita income in Pakistan has increased to $1,798 during fiscal year 2021/2022, according to Economic Survey of Pakistan. The Economic Survey of Pakistan 2021/2022 launched on Thursday. According to the survey the per capita income of the country improved to $1,798 during the fiscal year 2021/2022 as compared with $1,676 in the […]

by Mrs. Anjum Shahnawaz

Pakistan achieves 5.97% GDP growth in 2021/2022: Economic Survey

Jun 9

Finance, Top stories

Pakistan achieves 5.97% GDP growth in 2021/2022: Economic Survey

ISLAMABAD: Pakistan has achieved the GDP growth at 5.97 per cent in the fiscal year 2021/2022. However the economy also started to show signs of excess demand and overheating through an increase in the import volume of capital and consumer goods, energy, and non-energy imports. This was revealed by Economic Survey of Pakistan 2021/2022 launched […]

by Mrs. Anjum Shahnawaz