representing 20% of $375 billion GDP for fiscal year 2023-24. This is not bad for a developing country like Pakistan. The defense allocation of Rs. 2,122, the second largest federal expenditure, is a mere 2% of the current GDP. The biggest expenditure this year will be the interest...
Added to that was $158.8 billion in contingency funds to support initiatives in Afghanistan, Pakistan, and a winding down of the War in Iraq.20For more about the total costs of these initiatives, see War on Terror Facts. Other departments that support the military cost $167.4 billion. These ...
Reduction of customs duty on import of firefighting vehicles from 30% to 10% Read Also:The First Tesla in Pakistan has Landed and It’s a Beauty It is pertinent to mention here that many media outlets are reporting that government has reduced customs duty on electric cars; however, this not...
The Debt Management Office has announced the commencement of Nigeria’s first diaspora bond, which is targeted at Nigerians living abroad, according to a statement released on Wednesday. Earlier in January, Kemi Adeosun, the Minister of Finance announced that the National Assembly had approved the...
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