Islamabad, June 8, 2023 – Pakistan has witnessed a significant increase in the cost of tax exemptions and concessions, reaching a staggering amount of Rs2.24 trillion, according to the estimates presented in the Pakistan Economic Survey 2022-23, released on Thursday. This figure represents a sharp rise of over 51 percent compared to the previous fiscal year.
(more…)Tag: Economic Survey 2022-2023
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Exchange Rate Fluctuations Cause Rs6.8 Trillion Additional Debt: Pakistan Economic Survey 2022-23
Islamabad, June 8, 2023 – The recently released Pakistan Economic Survey 2022-23 highlights that exchange rate fluctuations have contributed to an increase of approximately Rs6.8 trillion in the country’s external debt.
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Pakistan Economic Survey 2022-23: Current Account Deficit Contained Through Import Restrictions
Islamabad, June 8, 2023 – The recently released Pakistan Economic Survey 2022-23 highlights that Pakistan has successfully managed to contain its current account deficit by implementing import restrictions. However, the pressure on foreign exchange reserves persists, creating challenges for the economy.
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Pakistan Economic Survey 2022-23: Weak Exchange Rate, Supply Disruption Cause High Inflation
Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23, released on Thursday, identifies weaker exchange rates and supply disruption caused by floods as key factors contributing to high inflation in the country.
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Pakistan Economic Survey 2022-23 Reveals Volatility in Stock Market due to Uncertainties
Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23 released on Thursday revealed that the country’s stock market experienced volatility throughout the fiscal year, primarily influenced by political and economic uncertainties.
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Deficit Financing Places Pressure on Commercial Banks, Reveals Pakistan Economic Survey 2022-23
Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23 disclosed on Thursday that in the absence of external financing, Pakistan relied on internal resources to meet its budget deficit, placing significant pressure on domestic commercial banks.
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Pakistan Economic Survey 2022-23 Highlights Fiscal Consolidation Efforts to Narrow Deficit
Islamabad, June 8, 2023: Pakistan is set to achieve a significant reduction in its budget deficit for the fiscal year 2022-23, thanks to focused fiscal consolidation efforts, as revealed by the Pakistan Economic Survey 2022-23 on Thursday.
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Pakistan Economic Survey 2022-23: Restrictions Impede Manufacturing Growth
Islamabad, June 8, 2023: According to the Pakistan Economic Survey 2022-23, the manufacturing sector has faced significant setbacks due to the impact of high interest rates, import restrictions, and the global economic slowdown.
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Pakistan Economic Survey 2022-23: Agriculture Grows by 1.55% Amid Flood Devastation
Islamabad, June 8, 2023: Despite the devastating impact of flash floods during fiscal year 2022-23, the agriculture sector of Pakistan has recorded a growth of 1.55 percent, according to the Economic Survey of Pakistan released on Thursday.
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Pakistan Economic Survey 2022-23: Only 0.29% GDP Growth Achieved
Islamabad, June 8, 2023: According to Finance Minister Ishaq Dar, Pakistan’s Gross Domestic Product (GDP) achieved a meager growth of only 0.29 percent during the fiscal year 2022-2023. This announcement was made during the unveiling of the Pakistan Economic Survey 2022-23 at a press conference.
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