Highlights from Economic Survey 2009-10

 

§  Gross domestic product (GDP) was at 4.1 percent as compared with 1.1 percent of the previous fiscal year.

§  Inflation is less severe as compared to last year’s 22 percent but is still in double digits at 11.5 percent.

§  Current account deficit is expected to decline to below three per cent of Gross Domestic Product during the outgoing fiscal year.

§  External current account deficit was contained to 5.6 % of GDP (US dollars 9.3 billion) in fiscal 2008-09, from a high of 8.3 % of GDP in 2007-08 (US dollars 13.9 billion)

§  Economic growth in 2009-10 is provisionally estimated at 4.1 %, higher than the targeted growth of 3.3% percent.

§  The fiscal deficit was slashed to 5.2 % of GDP in financial year 2008-09, from 7.6 % of GDP in 2007-08, a fiscal adjustment of 2.4 % of GDP.

§  Foreign Exchange Reserves have been rebuilt to nearly dollars 16 billion, from their low of under dollar 6 billion in October 2008.

§  International credit rating agencies upgraded Pakistan from CCC plus to B Minus by S&P, while Moody’s revised its outlook to Stable.

§  Manufacturing Sector posted a positive growth of 5.2 % during the current fiscal year.

§  44 % of population has access to sanitation, while 65 % to clean water.

§  Pakistan has become the largest user of Compressed Natural Gas (CNG) in the world, as per the statistics issued by International Association of National Gas Vehicles on CNG. Presently, 3105 CNG stations are operating in the country and 2.4 million vehicles are using CNG as fuel.

§  Literacy Rate has improved from 56% to 57%. Literacy rate in Punjab is (59 %), Sindh, (59%), Khyber Pakhtunkhwa (50%) and Baluchistan at (45%).

§  Social protection measures were expanded from around Rs 8 billion two years ago to around Rs 80 billion this year.

 

 

 

Last updated: June 11, 2010