Pakistan Banking sector Compiled by: Consulate General of Switzerland Karachi‚ 25th February 2011 1. ECONOMIC OVERVIEW: Pakistan’s economy has been predominantly agrarian. Since Pakistan came into existence‚ the contribution of the agricultural sector to the GDP has declined gradually from over 50 percent in 1949-1950 to about 22 percent in the fiscal year 2009-10 (July 2009-June 2010). However‚ agriculture still remains the major sector of the GDP composition. Other economic sectors include industry
Premium Bank
factors that are disturbing Pakistan’s Economy: • Poverty • Illiteracy • Corruption & Political Instability • Over Population‚ Unemployment & Inflation • International Interference • Terrorism/Extremism • And The Recent Floods ECONOMY HISTORY OF PAKISTAN First five decades When it gained independence in 1947 from UK. Pakistan’s average economic growth rate since independence has been higher than the average growth rate of the world economy during the period. Average annual
Premium Economics Peak oil Economic growth
planet we call earth. The country is so beautiful that their main source of income is tourism. Jamaica’s economy is extremely dependent on services‚ which is nearly 80% of their GDP. Not only does Jamaica depend severely on outsiders visiting the country but the economy faces challenges in growth of its economy. Problems such as high crime‚ corruption and unemployment is bringing Jamaica’s economy to an all-time low‚ as their debt to GDP ratio is more than 140%. To fix this problem the Jamaican government
Premium Unemployment Monetary policy Jamaica
Introduction Banking is an important institution in the economy and plays a very important role in the economic life and economic growth of any society. While it is of common understanding that banking is not “The Economy”‚ it is agreed that the health of the country’s economy is closely related to the soundness of its banking system which can be sustained through strict regulations and supervision in order to monitor and control business risks such as Capital Risks‚ Liquidity Risks‚ Credit Risks
Premium Bank Economics Investment
The Planned Economy Key Characteristics What to Produce: Central Planning Committee (CPC) determines national priorities and implements 1 and 5 year plans How to Produce: CPC allocates resources to production managers so as to meet targets. Production carried out to meet the national interest‚ not profit. For Whom to Produce: Influenced by income levels but the CPC often determines those income levels as it also offered incentives for workers to do the more demanding jobs. Most often a sense of moral
Premium Economic system Planned economy
Mixed Economy: The Role of the Market - Printer Friendly Page 1 of 2 You are here: About > Money > Economics A Mixed Economy: The Role of the Market From U.S. Department of State A Mixed Economy: The Role of the Market The United States is said to have a mixed economy because privately owned businesses and government both play important roles. Indeed‚ some of the most enduring debates of American economic history focus on the relative roles of the public and private sectors. The
Premium Economics Capitalism Market economy
into office. During his presidency his administration failed to design efficient policies and take action to stem guerrilla group activities within the country’s borders. These failures contributed to the country’s economic collapse. After Peru’s economy collapsed a member of the American Popular Revolutionary Alliance Party (APRA) named Alan Garcia was elected president. Alan Garcia put reforms and an
Premium Monetary policy Inflation Economics
INTRODUCTION 1.1 BACKGROUND In every economy‚ there exist vast variety of activities some which undergo official recording and some other activities take place outside the officials. The later is the underground economy that refers to the economic activities that generate income but are hidden from official authorities in order to evade various taxes and remain unrecorded in official statistics (Yasmin and Rauf‚ 2004). The most common causes of underground economy are heavy tax burdens where economic
Premium Tax Value added tax Taxation
Overview Of FMCG Sector What are FMCGs? WE regularly talk about things like butter‚ potato chips‚ toothpastes‚ razors‚ household care products‚ packaged food and beverages‚ etc. But do we know under which category these things come? They are called FMCGs. FMCG is an acronym for Fast Moving Consumer Goods‚ which refer to things that we buy from local supermarkets on daily basis‚ the things that have high turnover and are relatively cheaper. FMCG Products and Categories - Personal Care‚
Premium Economics Fast moving consumer goods Tax
a parliamentary system‚ proportional representation and universal suffrage. The Prime Minister serves as head of government and the Knesset serves as Israel’s unicameral legislative body. Israel has one of the highest life expectancies in the world. The economy‚ based on the nominal gross domestic product‚ was the 41st-largest in the world in 2010‚ with a very high standard of living‚ which is the highest in the Middle East. Israel’s financial centre is Tel Aviv‚ while Jerusalem is the country’s most populous
Premium Israel