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Saturday, May 27, 2017

Key highlights of #Pakistan Economic Survey for the year 2016-17

Following are the highlights of Pakistan Economic Survey for the year 2016-17 unveiled by Minister of Finance Muhammad Ishaq Dar here on Thursday.

  • - Country's overall economic growth rate recorded highest 5.28 per cent in nine years, while last year it was 4.51 per cent. 
  • - The agriculture sector accounts for 19.53 per cent of GDP and 42.3 per cent of employment. 
  • - Agricultural sector recorded a positive growth of 3.46 per cent against the growth of 0.27 per cent last year. 
  • - Cotton Ginning witnessed growth of 5.59 per cent against the negative growth of 22.12 per cent in previous year. 
  • - Livestock growth was recorded at 3.43 per cent against 3.36 per cent las year. 
  • - Growth of forestry sub-sector increased by 14.49 per cent as compared to growth of 14.31 per cent last year. 
  • - Fisheries sector registered a growth of 1.23 per cent compared to growth of 3.25 per cent. 

  • - Industrial sector growth recorded 5.05 per cent in outgoing fiscal year as compared to 5.8 per cent last year. 
  • - Growth of overall Manufacturing is registered at 5.27 per cent compared to 3.66 per cent last year. 
  • - Large Scale Manufacturing growth improved to 4.93 per cent from 2.94 per cent last year. 
  • - The construction sector has registered a growth of 9.05 per cent against the growth of 14.6 per cent last year. 
  • - Mining and quarrying sub-sector witnessed a growth of 1.34 per cent against the growth of 6.86 per cent last year. 
  • - Electricity generation and distribution and gas distribution registered growth of 3.4 per cent against 8.43 per cent last year. 
  • - Economic growth rate registered 5.28 per cent against 4.51 percent which is the highest in 9 years. 
  • - The total volume of GDP has crossed $300 billion. 
  • - Agriculture sector growth improved to 3.46 percent against 0.27 per cent last year. 
  • - Gross Public Debt Ratio improved to 59.3 percent to GDP from 60.2 per cent to GDP last year.
  • - Policy rate remained at 5.75 per cent which is lowest rate in 45 years. 
  • - Pakistan Stock Exchange has been ranked the fifth best performing stock market in the world in 2016. 
  • - CPI based inflation rate averaged 4.1 percent 
  • - Manufacturing sector growth registered 5.27 percent compared to 5.8 per cent last year. 
  • - FBR tax collection increased from Rs. 2,590 billion in FY15 to Rs. 3,112 billion in FY16. 
  • - Fiscal deficit narrowed to 4.6 per cent in FY16 from 8.8 percent in FY13. 
  • - Per capita income increased to $1629 from $1333 last year.   

Courtesy APP (Associated Press of Pakistan)



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