Some of the major companies that have left Pakistan in recent years include Shell, Pfizer Pakistan, TotalEnergies, Telenor ASA, Careem, Eli Lilly, and Viatris.
Pakistan’s economy is largely powered by micro and small enterprises. Out of approximately 72 lakh business establishments, 95 per cent employ fewer than 10 people.
A sectoral note by the US credit rating agency says continued tensions may hinder Pakistan's access to foreign funds, putting pressure on its ability to meet external debt payment needs.
Pakistani economists have welcomed the government's decision to fully open the economy to foreign competition by reducing average import tariffs to 7.1% over five years.
36 serving military officers are part of Special Investment Facilitation Council (SIFC), a federal body for economic reforms. These officers draw their salaries from defense budget.
Ikramul Haq, a visiting senior fellow at a think tank, said that the plan’s limited grounding in Pakistan’s existing economic and political landscape risks rendering it another unfulfilled promise.
Pakistan's Punjab govt has tabled legislation that could see rates as high as 45%. Agricultural income tax hikes among measures prescribed to raise revenue under $7bn IMF bailout deal.
Pakistan's internet speeds are significantly slower than global average. Broadband speeds in the country are about 10–20 Mbps while the global average is 60–120.
The real acrimony in Goa is against tourists and wealthy land buyers from Delhi, Mumbai, and Bengaluru. Yet, the fury gets channelled downward against the poorest workers from the cowbelt.
Open to public feedback until 26 November, the revised guidelines, among other changes, give CA firms more flexibility to advertise & promote their services.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
COMMENTS