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Pak Economy

Important information about Pakistan economy

Highlights of Pakistan Budget 2010-2011


Total outlay of the national budget for new fiscal year 2010-11, presented at the National Assembly here Saturday is to the tune of Rs 2764 billion, 12.3 percent higher than the size of the budget estimates for outgoing fiscal 2009-10.Following are cardinal features of the national budget for FY 2010-11:

Click here for Pakistan Budget 2011-12 details Read More »Highlights of Pakistan Budget 2010-2011

Pakistan Economic Survey 2009-10 Highlights

Associated Press of Pakistan

Following are the highlights of Economic Survey 2009-10 launched by Advisor to Prime Minister on Finance, Dr. Hafeez Shaikh on Friday.
— The economy grew by 4.1% during 2009-10 after a modest growth of 1.2 % in 2008-09.
— The agriculture grew by 2% against the target of 3.8 % and previous year’s growth rate of 4 %. While the crops sub-sector declined by 0.4 % over the previous year, livestock posted a healthy rise of 4.1 %.

Read More »Pakistan Economic Survey 2009-10 Highlights

State Bank of Pakistan raises 2009/10 GDP growth forecast

Associated Press of Pakistan

Provisional estimates of National Income Account’s Committee suggest that Pakistan’s real gross domestic product (GDP) growth will rebound to 4.1 percent in the current fiscal year (FY10) compared with an anaemic 1.2 percent last year on the back of above-target growth of livestock, large-scale manufacturing and services sectors.Read More »State Bank of Pakistan raises 2009/10 GDP growth forecast

ISLAMABAD: IMF, WB alarmed at ‘manipulated’ GDP growth

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EAC constitutes body to address IFIs concerns

The International Monetary Fund (IMF) and the World Bank got alarmed and expressed grave concern and no confidence in the “manipulated” GDP growth of 4.1 per cent for outgoing fiscal year 2009-10 worked out by the Federal Bureau of Statistics (FBS) and then approved by the National Accounts Committee (NAC), a senior official at Finance Ministry confided to The News.
Read More »ISLAMABAD: IMF, WB alarmed at ‘manipulated’ GDP growth