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08 February 2025
Author: Asif S Kasbati (FCA, FCMA & LLB)
A. Background
1. This refers to QCs in trail, blue, italic and after double line (a) 2936 of 25.10.24 about Tax & GDP Target per IMF Program and its Impact as per Tola (b) 2876 of 17.8.24 about Heavy Taxes via IMF program from 2016 till Now & Challenges
2. We also refer to Other EIQCs including (a) 2828 of 8.7.24 about Heavy Tax Burden, 40% Expected Inflation & What do? (b) 2827 of 8.7.24 about Budget 2024-25: Heavy Tax Burden
II. Updated Commentary
Further to KQU 3185, being an important matter, we would inform you about Gross Domestic Product (GDP) of Pakistan at constant basic prices of 2015‐16 (Attachment 374.1) which consists of 2 pages and inter alia the following matters with basis constant price of 2015-16:
1. Having data for the period from 1999-2000 to 2023-24
2. Ranging from 3.64% in 2000-01 to 2.50% in 2023-24
3. Covering the following above area
A | Agriculture, Forestry and Fishing (1 to 4 in Attachment 374.1) |
| 1. Crops (i+ii+iii) |
| i) Important Crops |
| ii) Other Crops |
| iii) Cotton Ginning |
| 2. Livestock |
| 3. Forestry |
| 4. Fishing |
B | Industrial Activities (1 to 4 in Attachment 374.1) |
| 1. Mining and Quarrying |
| 2. Manufacturing (i+ii+iii) |
| i) Large Scale |
| ii) Small Scale |
| iii) Slaughtering 3. Electricity, Gas and Water supply |
| 4. Construction |
| Commodity Producing Activities (A+B in Attachment 374.1) |
C | Services (1 to 10) |
| 1. Wholesale & Retail trade |
| 2. Transportation & Storage |
| 3. Accommodation and Food Services Activities (Hotels & Restaurants) |
| 4. Information and Communication |
| 5. Financial and Insurance Activities |
| 6. Real Estate Activities (Ownership of Dwellings) |
| 7. Public Administration and Social Security (General Government) |
| 8. Education |
| 9. Human Health and Social Work Activities |
| 10. Other Private Services |
D | GDP [Total of Gross Value Added (GVA) at Basic Prices (A+B+C)] |
E | E Taxes |
F | F Subsidies |
G | GDP at Market Prices (GVA+T-S) |
H | Net Primary Income (NPI) |
I | Gross National Income |
J | GDP at Current Market Prices |
III. Further Details & Services
Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-
Best regards for Here & Hereafter
Asif S Kasbati (FCA, FCMA & LLB)
Managing Partner
Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc
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