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Latest facts and figures about economy of Pakistan (Economic Survey of Pakistan 2013-14) by Ahsan Khan

Chapter 19
Economics of Pakistan by Ahsan Khan
2014-15
(ahsankhaneco@yahoo.com) (+92 300 8046243)
ECONOMIC SURVEYS OF PAKISTAN
(SOME OTHER SOURCES ARE ALSO INCLUDED)
On 04th June 2010 Ministry of Finance presented Economic Survey of Pakistan in National Assembly for the Fiscal Year 2009-10.
On 03rd June 2011 Ministry of Finance presented Economic Survey of Pakistan in National Assembly for the Fiscal Year 2010-11.
On 31st May 2012 Ministry of Finance presented Economic Survey of Pakistan in National Assembly for the Fiscal Year 2011-12.
On 11th June 2013 Ministry of Finance presented Economic Survey of Pakistan in National Assembly for the Fiscal Year 2012-13.
On 2nd June 2014 Ministry of Finance presented Economic Survey of Pakistan in National Assembly for the Fiscal Year (July-March) 2013-14.

INDICATORS
2009-10
2010-11
2011-12
2012-13
2013-14 P
GROWTH RATE (%)
(CONSTANT FC) REAL GDP
3.1
3.0
3.7
3.7
4.14
Volume of GDP (Rs. Billion) ≈
14,837
18,063
20,415
23,574
25,382
Agriculture
0.6
2.4
3.1
3.7
2.1
Manufacturing
5.5
3.1
3.6
2.9
5.6
Commodity Producing Sector
3.6
1.47
3.28
4.5
3.9
Services Sector
2.6
4.5
4.0
4.9
4.3
Construction Sector
8.3
- 8.6
3.1
- 1.7
11.3
Mining and Quarrying

-1.28
4.38
3.84
4.43
GROWTH RATE (%) (CURRENT MP)
Total Investment
-0.6
2.3
9.7
8.4
8.5
Fixed Investment
-2.2
0.1
9.0
8.0
7.9
Public Investment
-5.4
-0.4
18.6
-0.4
17.1
Private Investment
-1.1
0.3
5.8
11.2
4.7
AS % OF TOTAL INVESTMENT
National Savings
85.5
100.8
85.7
92.6
92.5
Foreign Saving
14.5
-0.8
14.3
7.4
7.5
AS % of GDP (CURRENT MP)
Total Investment
15.4
13.1
12.5
14.6
14.0
Fixed Investment
13.8
11.5
10.9
13.0
12.4
Public Investment
3.6
2.9
3.0
3.3
3.5
Private Investment
10.2
8.6
7.9
9.6
8.9
National Savings
13.1
13.2
10.7
13.5
12.9
Foreign Savings
2.0
-0.1
1.8
1.1
1.1
Domestic Savings
9.3
13.3
8.9
8.3
7.5
GDP Deflator (Growth %)
11.9
18.2
9.7
7.6
7.0
FISCAL POLICY AS % OF GDP (MP)
Total Value of Federal Budget (Rs. Billion)
2462
3259
2960
3985.4
4057.3
Total Revenue
14.0
12.5
8.5
13.3
9.8
Tax Revenue
10.1
9.5
6.7
9.8
7.0
Non Tax Revenue
3.9
3.1
1.8
3.5
2.7
FBR tax collection (Rs. Billion)
1327
1558
1883
1946
2475
Total Expenditure
20.3
19.2
12.8
21.4
12.9
Current Expenditure
16.8
16.1
10.4
16.3
11.4
Defence
2.5
2.5
1.7
2.4
1.8
Interest Payment
4.3
3.9
3.1
4.5
3.6
Others
9.7
9.9
5.7
9.4
6.0
Development Expenditure
3.5
2.8
2.0
5.1
2.2
Overall Deficit
6.3
5.9
4.3
8.2
3.2
Total Public Debt (Rs. Billion)
8,911
10,700
12,653
14,366
15,534
Public Debts as % of GDP
59.9
58.5
63.1
63.9
61.2
Domestic Debts (Rs. Billion)
4651
6,016
7,637
9,517
10,823
Services of Domestic Debt (Rs. Billion)
640.2
704.5
719
725
855
Domestic Debt as % of GDP
31.3
32.9
38.1
42.3
42.6
External Debts as % of GDP
28.7
25.6
25.0
21.6
18.5
Total Public Debts % of GDP
59.9
58.5
63.1
63.9
61.2
Fiscal Deficit (July-March) (%)
4.9
5
5.5
4.7
3.2
Real Per Capita Growth Rate
3.7
1.33
2.33
1.44
3.5
Per Capita Income (mp-US$)
1072
1274
1321
1340
1386
Growth Rate of Insurance & Finance
-11.3
-6.3
1.6
9.0
5.2
Growth Rate of Electricity & Gas
17.7
-7.25
-1.62
- 16.33
3.72
Growth Rate of Mining (%)
2.2
-1.28
4.38
3.84
4.43
MONEY & CREDIT (GROWTH %)
Monetary Assets (M2)
12.5
15.9
8.1
15.9
5.9
Domestic Assets
12.7
13.1
13.7
20.8
7.3
Discount Rate by State Bank (%)


12


Govt. Borrowing From Banking System (Rs. Billion) (July 11th - May)
441.186
506.5
1003.3
1075.8
264.7
Private Borrowing From Banking System
(Rs. Billion) (July-May) (Net Increase)
75.582
107.8
234.8
188.7
305.0
Weighted average lending Rate (End April)
13.30 %

12.80 %
10.46 %
10.53 %
Weighted average deposit Rate (End April)
6.03 %

6.98 %
4.43%
4.73%
Total Assets (Rs. Billion)
7,117
8,171
9,711
10,537
10,752
Net Foreign Assets (Rs. Billion)

181.1
272.2
181.4
236.9
Currency in Circulation (Rs Million)

1673746
1938222
2003617
2213406
Advances (net)
3358
3349
3804
4047
4014
Deposits
5451
6244
7294
8318
8151
INFLATION
Rate of Inflation (CPI)
(July-April) (%)
13.3
13.8
10.8
7.8
8.7
Rate of Inflation (SPI) (%)
12.9
18.1
8.5
7.9
9.8
Rate of Inflation (WPI) (%)
12.2
21.0
11.2
8.0
8.3
Core Inflation (%)
11.17
9.5
10.4
9.9
8.3
Food Inflation (%)
14.5
18.8
11.1
7.1
9.3
Non-Food Inflation (%)
12.2
10.8
10.7
8.2
8.2
STOCK EXCHANGE (GROWTH %)
KSE 100 Index
35.7
28.5
10.4
52.2
29.3
Aggregate Market Capitalization
28.8
21.4
6.2
47.6
25.4
Total Listed Companies
652
639
591
569
559
KSE-100 Share Index Fluctuations (07 July)
9,789.69
12,533.6
14,310.14
22,178.34

TRADE AND PAYMENT (GROWTH %)
Exports (fob)
2.9
28.9
- 2.6
0.4
3.2
Imports (fob)
-1.7
14.9
12.8
- 0.6
3.7
Trade Deficit
-8.6
-8.8
42.4*


Workers Remittances
14.0
25.8
21.5*
5.6
11.9
Workers Remittances ($ Billion) (July-April)
13.186
13.929
10.877
11.570
12.895
AS % of GDP (MP)
Exports (fob)
10.9
11.8
7.4*
10.7
7.7
Imports (fob)
19.6
19.2
14.2*
17.3
12.7
Trade Deficit
8.7
7.4
6.9*
6.6
5.0
Current Account Deficit
2.2
0.1
1.3*
1.1
0.9
Current Account Deficit ($ Million)
- 57.4
- 105.4
- 33.94
- 1574
- 2162
Services Account Deficit ($ Million)
- 1940
- 1225
- 2347
- 931
- 2171
Financial Account ($ Million)
2101
690
1200
- 684
3243
Terms of Trade (Base Year 1990-91=100)
54.91
59.3
50.93


Exchange rate (%)

- 2.2
- 3.4
- 3.8
+ 1.1
Total External Debts & Liabilities ($ Billion)
61.6
66.6
65.5
60.9
61.8
External Debts Servicing ($ Million)
6330
5436
6050
7185
5388
Interest on Foreign Debts as % of GDP
0.4
0.4
0.2


Foreign Investment (% Decreased)
45
28.7



Total Foreign Investment ($ Million) (July-March)
1591
1113
543
1277
2979
Total Export ($ Billion)(July-April)
14.16
20.46
20.474
20.544
21.038
Total Imports ($ Billion)(July-April)
25.11
32.3
33.15
33.436
34.297
Deficits
10.95
11.84
12.68
12.892
13.259
Forex Reserves ($ Billion)(April)
15.709
17.1
16.5
11.52
13.6
AGRICULTURE
Growth Rate of Agriculture (%)
2
2.38
3.6
2.9
2.1
Contribution to GDP (%)
21.5
20.9
21.0
21.4
21.04
Important crops Growth rate (%)
-3.7
1.5
7.9
1.2
3.7
Other crops Growth rate (%)
-7.2
2.3
-7.5
6.1
-3.5
Total Cropped Area (Mln. Hectares)
23.8
22.8
22.5
22.8
22.8
Wheat Production (Mln. Tonnes)
23.3
25.2
23.5
24.2
25.3
Rice Production (Mln. Tonnes)
6.9
4.8
6.2
5.5
6.8
Sugarcane Production (Mln. Tonnes)
49.4
55.3
58.0
63.8
66.5
Cotton Production (Mln. Bales)
12.9
11.5
13.6
13.0
12.8
Gram production (000.Tonnes)

496
291
751
475
Maize production (000.Tonnes)

3707
4271
4220
4527
Fertilizer Off-take (Mln. N/Tonnes)
4.4
3.9
3.9
3.6
3.3
Credit disbursed to Agriculture Sector (Bln.Rs.)
248.1
263.0
293.9
336.2
255.7
Credit disbursed to Agri. Sector by ZTBL (Rs. Bln)

37.4
37.9
38.0
45.9
Labour force employed (%)
45.7
45.0
45.0
45.0
43.7
Growth Rate of Livestock (%)
4.1
3.97
4.04
3.5
2.9
Growth Rate of Forests (%)
2.2
-0.4
1.8
1.0
1.5
Forest Area (as % of total area)
4.21
5.11
5.17
5.2
5.2
Land for Wild Life (as % of total area)

11.3
11.3
11.5
11.6
SERVICE SECTOR
Growth Rate (%)
4.6
4.45
4.4
4.9
4.3
Labour Force Employed (%)
13.7


13.8
13.2
Share to GDP (%)
53.3
53.3
53.5
57.7
58.1
MANUFACTURING
Manufacturing Sector Growth Rate (%)
5.5
3.06
3.56
4.53
5.55
Growth rate of Large Scale Manufacturing (%)
4.4
0.98
1.05


Growth rate of Small Scale Manufacturing (%)
7.5

7.51


Contribution to GDP (%)
25.2
25.8
25.4
20.9
20.8
Labour Force Employed (%)
13
13.2
13.2
13.7
14.1
Cotton Yarn (Mln. Kg.)
2787.3
2939.5
2954.6
3017.9
2293.3
Cotton Cloth (Mln. Sq. Mtr.)
1009.4
1020.3
769.6
1029.1
776.5
Fertilizer (Mln. Tonnes)
6.7
6.8
6.6
5.8
5.1
Use of Fertilizer (000N/Tonnes)
3426
3054
3526


Sugar (Mln. Toones)
3.1
4.2
4.6
5.1
5.1
Cement (Mln. Toones)
31.3
28.8
29.5
31.1
22.8
Soda Ash (000 Tonnes)
409.6
378.0
268.1
366.2
297.0
Caustic Soda (000 Tonnes)
182.3
172.0
128.6
182.9
125.8
Cigarettes (Bln. Nos.)
65.3
65.4
62.0
67.4
47.1
Jute Goods (000 Tonnes)
106.2
93.2
70.4
102.8
78.7
INFRASTRUCTURE
ENERGY
Crude oil Extraction (Mln. Barrels)
23.7
24.0
24.6
27.8
23.0
Gas (supply) (Mcf)
1482.8
1471.6
1559.0
1505.8
1124.8
Electricity (Installed Capacity)(000MV)
20.9
22.5
22.8
22.8
23.0
TRANSPORT & COMMUNICATIONS
Roads (000Km)
260.8
259.5
261.6
263.4
263.7
High Type Roads (Km)
179290
180866
181940

1,83,260
Low Type Roads (Km)
80,328
78,597
79655

80,515
Motor Vehicles on Road/Registered (mln nos.)
 9.8
10.4
10.9
11.6
9.8
Total CNG Stations
3116
3329
3331


Total Vehicles using CNG (Million)
2.0
2.5



Earning of Railways (Rs. Billion)(July March)
22.269
13.06
9.36


Post Offices (000)
12.3
12.0
12.0
12.8
12.1
Telephones (Mln)
3.4
3.2
3.0
6.3*
5.6
Cellular Mobile Subscribers (Million)
99.2
108.9
120.1
128.9
136.5
Telecom’s Revenue (Rs. Billion)
333.809
357.712
363
445.7
345.5
Employees in T & C Sector (%)
6
5.2
5.11


Total investment in telecom ($ Mln)
 1137
493
           
240
472
527
HUMAN RESOURCES
POPULATION@
Population (Million)
173.5
177.1
180.7
184.4
188.02
Urban Population (Million)
63.05
65.3
67.55
69.87
72.50
Rural Population (Million)
109.07
111.82
113.16
114.48
115.52
Population Growth Rate (%)
2.05
2.05
2.03
1.97
1.95
Life Expectancy (Years-Male)
65.4
65.8
66.1
66.5
66.9
Life Expectancy (Years-Female)
63.6
63.9
64.3
64.6
64.9
Labour Force (Mln)
53.7
58.1
59.3
59.74
60.3
Employed Labour Force (Mln)
50.8
54.7
55.8
56.01
56.6
Un-employed Labour Force (Mln)
2.9
3.5
3.5
3.73
3.8
Un-employment Rate (% per annum)
5.5
6.0
6.0
6.2
6.2
Crude Birth Rate (per 1000 person)
28.0
27.5
27.2
26.8
26.4
Total Fertility Rate (Per woman Children)

3.5
3.4
3.3
3.2
Crude Death Rate (per 1000 person)
7.4
7.3
7.2
7.0
6.9
Infant Mortality Rate (per 1000 person)
72.0
70.5
69.0
67.5
66.1
Working Population as % of Total Population
29.27
29.29
30.88
32.82
32.9
Dependent Population as % of Total Population
70.73
70.71
69.12
67.18
67.1
SOCIAL DEVELOPMNET
EDUCATION
Overall Enrolment (million)
38.2
39.9
41.6
41.1
42.2
Teaching Staff (000)
1386.1
1409.4
1445.0


Primary Schools (000 Nos.)
157.5
155.5
154.6
158.6
159.0
Male (000 Nos.)
96.9
94.5
93.6
93.4
92.1
Female (000 Nos.)
60.6
61.0
61.0
65.2
66.9
Middle Schools (000 Nos.)
41.3
42.0
42.6
42.1
42.4
Male (000 Nos.)
21.8
22.3
22.1
20.7
20.3
Female (000 Nos.)
19.5
19.7
20.5
21.4
22.1
High Schools (000 Nos.)
24.8
25.2
28.7
29.8
31.9
Male (000 Nos.)
14.2
14.4
14.3
17.5
18.9
Female (000 Nos.)
10.6
10.8
11.5
12.3
13.0
SECONDARY/VOCATIONAL
Institutions (Nos.)
3192.0
3224.0
3257.0
3290.0
3324.0
Male
1010.0
1018.0
712.0
1037.0
1047.0
Female
2182.0
2206.0
2229.0
2253.0
2277.0
Literacy Rate (%)
57.7
58.0
58.0
60.0
60.0
Male (%)
69.5
69.0
70.0
71.0
71.0
Female (%)
45.2
46.0
46
48.0
48.0
Punjab (%)
59
59
60
60
62
Sindh (%)
59
59
59
60
60
Khyber Pakhtunkhan (%)
50
50
50
52
52
Balochistan (%)
45
43
41
46
44
Expenditure on Education as % GNP
2.0
1.7
2.0
2.0
2.0
Youth got Technical Education


134118


Scholarships provided by HEC 2008-12


3996


HEALTH @
Registered Doctors (000 Nos.)
139.5
144.9
152.4
160.9
167.8
Population per Doctor
1183
1222
1206
1164
1127
Registered Nurses (000 Nos.)
69.3
73.2
77.7
82.1
86.2
Registered Dentists (000 Nos.)
9.8
10.5
11.6
12.7
13.7
Population per Dentists
16914
16854
16420
15288
14406
Hospitals (Nos.)
968
972
980
1092
1096
Dispensaries (000 Nos.)
4.8
4.8
5.0
5.2
5.3
Rural Health Centers (Nos.)
572
577
579
640
650
TB Centers (Nos.)
293.0
304.0
345.0
326.0
326.0
Basic Health Units (Nos.)
5345
5344
5374
5406
5438
Beds in Hospitals and Dispensaries (000 Nos.)
103.7
104.1
108.2
111.7
111.9
Population per Bed
1592
1701
1665
1647
1786
Maternity and Child health centers (Nos.)


909


Expenditure on Health (Rs. Billion)
74.00
79.00
42.00
55.12
79.46
Expenditure on Health as % of GDP
0.5
0.2
0.3
0.3
0.4
-: Not available              *: July-March                 P: Provisional               R: Revised

E: Estimated                 @: Calendar Year
Monday, 9 June 2014
Posted by Ahsan Khan

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