Important information about Pakistan economy
By Mehmood-Ul-Hassan Khan
Economic Survey 2009-2010 was presented on Friday by the Advisor to the Prime Minister, Dr Hafeez Shaikh. It revealed mixed macroeconomic conditions for the current year. The GDP growth was projected at 4.1 per cent, higher than the targeted growth rate of 3.3 per cent.Read More »Economic Survey 2009-2010: an overview
* Rashed Rahman says ‘government surviving not so much because of its popularity but more so by default’
ISLAMABAD: Wedged in by the International Monetary Fund (IMF) demands for fiscal austerity, the government has presented a budget that may fail to please both voters hit by tax hikes and investors wary about its optimistic economic forecasts. Read More »New budget highlights Pakistan’s ‘survival mode’
SALIENT FEATURES
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
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 %.
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
The landowning class must pay tax on the income they derive from the land. A value-added tax should be imposed on all items sold in the market, especially at the retail levels
Read More »The state of the Pakistani economy —Ishtiaq Ahmed
Pakistan is due to announce its budget for fiscal year (FY) 2010-11 (July-June) on June 5. Following are details of the budget that have been announced and media reports on its likely contents.Read More »Pakistan’s 2010-11 budget – what to watch for
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
Pakistan is now ranked at 112th position among 125 countries in the Global Trade Index, moving down from 100th position that it held last year. This is the second consecutive year that Pakistan’s position has been lowered, according to The Global Enabling Trade Report 2010, released by the World Economic Forum on Saturday.
Read More »Pakistan ranked at 112th position in Global Trade Index
The uncontrolled exhaust of the diesel power generators is causing health issues in cities. Pakistan. Karachi