A QUICK OVER VIEW OF ECONOMIC SURVEY OF PAKISTAN

1) Expected growth this year gdp : 3%
2) Oil was approx. 145$ barrel.
3) Pak inflation: 20.8%
4) Last year: 2.4 % growth trend is approx. 6%
5) Developed countries : approx 2-3% GDP
6) Developing countries: 8-9% GDP
7) 2008 – 2009 net exports were high
8) IMF forecasted 1.3 % of decline in world economy in 2009.
9) Pakistan GDP growth rate 2008-2009 = 2.4
10) India GDP growth rate 2008-2009 = 4.5
11) Highest GDP of Pakistan in 2004-2005= 9
12) GNP AGRICULTURE MAJOR CROPS TOP THE LIST: 7.7
13) MANUFACTURING: 7.5
14) NEGATIVE: forestry, manufacturing, construction, finance and insurance,
15) Agriculture sector: provide 44% labor force, 21.8% gdp in 2009 -2009
16) Major crops: wheat, rive , cotton, sugarcane
17) Minor crops: chilies, potatoes, onions, garlic. The crop sector has potential to
influence the overall agriculture sector. Share crops in agriculture declined to 45.4
but share livestock’s increased (cattle’s, buffaloes, assess, mules) due to demand. It
is highly job oriented. Its accounts for 11.3% in GDP.
18) Agriculture sector had growth of 4.7 % mainly due to wheat, rice, maize, cotton and
gram. Sugar cane had below par performance.
19) Forestry: decline. This year 0.2% GDP.
20) Manufacturing: 18% which is lowest in last 5 years. Services sector increased.
21) Due to global financial crises banking system came under stress. Real gdp growth is now
estimated 2% and in the previous year it was 4.1 %

22) Gross fixed investment declined from 20.4 to 18.1
23) Pakistan’s export receipts have begun to plummet since November 2008, with23.9 percent
in April 2009

BUDGET:
Cabinet approves budget of over 2.9 trillion.
Defence budget: 343 billion,
BISP: 70 Million,
Rehabilitation: 25 billion,
Federal Minister Hina rabani Khar,Rs 264.9 bn foreign aid
Expected Allocation for agri sector to be 18 bn,
Education to get 31 bn