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In the late 1940s, upon its establishment, Pakistan had an agrarian-based economy. Agriculture constituted 53% of the country's GDP in 1947 and slightly increased to 53.2% in 1949–50. With a population of approximately 30 million, including around 6 million residing in urban areas, about 65% of the labor force was engaged in agriculture.
The couple invested $50 million of their own money, says Chaudhry. Today, it brings in $1.6 billion in annual revenue and has a market value of roughly $30 billion. Chaudhry’s own net worth is ...
For instance, individuals earning less than PKR 600,000 annually are exempt from income tax, while those with annual earnings exceeding PKR 6 million are taxed at the highest rate of 35%. Corporate Income tax rates: Corporate tax is imposed on the profits of corporations at a standard rate of 29%. The tax structure is progressive, aiming to ...
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar. The chart below reflects the average (mean) wage as reported by various data providers.
Pakistan-based fintech platform NayaPay has raised $13 million in a seed round to roll out its multi-service messaging and payment app, and to build payment acceptance and financial management ...
This parameter gives you the option of not internally linking currency names (Rupees and paise) and number names (lakh and crore). By default, the parameter is set to "no" (i.e. it is set to link). Currency and number names will be displayed with no links when the parameter is set to "yes".
The New York Federal Reserve's latest poll of consumers found 28.4% of respondents were looking for a job — the highest reading since March 2014 and up from 19.4% a year ago. That includes both ...
US dollar-Pakistani rupee exchange rate. Between 1948 and July 1955, the Pakistani rupee was effectively pegged to the U.S. dollar at approximately Rs.3/31 per U.S. dollar. Afterwards, this was changed to approximately Rs.4/76 per U.S. dollar, a devaluation of 30%, to match the Indian rupee's value. [29]