Finance of Pakistan

The minimum monthly wage in Pakistan is 158 USD. Pakistan has a government debt of 26.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Pakistan is 7.7%. The currency of Pakistan is Pakistani rupee. The plural form of the word Pakistani rupee is rupees. The symbol used for this currency is ₨, and it is abbreviated as PKR. The Pakistani rupee is divided into paisa; there are 100 in one rupee. Each year, consumers spend around $182,696 million. The ratio of consumer spending to GDP in Pakistan is 0.08%, and the ratio of consumer spending to the world consumer market is 42%. The corporate tax in Pakistan is set at 35%. Personal income tax ranges from 7.5% to 35%, depending on your specific situation and income level. VAT in Pakistan is 17%, and it is known as Sales Tax. In 2013, Pakistan received 2019 million USD in foreign aid.In 2014, the foreign aid amounted to 3507.5 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Pakistan is $884,231 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Pakistan was last recorded at $4,403,238. PPP in Pakistan is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Pakistan is 225,419 billion. Based on this statistic, Pakistan is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Pakistan. The Gross Domestic Product (GDP) per capita in Pakistan was last recorded at $1,122,527. The average citizen in Pakistan has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Pakistan averaged 4.1% in 2014. According to this percentage, Pakistan is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.