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Economic Survey 2011-12 Hightlights

Economic Survey 2011-12 Hightlights

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Published by expresstribune
Highlights of the Pakistan Economic Survey 2011-12.
Highlights of the Pakistan Economic Survey 2011-12.

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Published by: expresstribune on May 31, 2012
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05/27/2013

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PakistanEconomic Survey2011-12
Economic Adviser’s Wing, Finance Division, Government of Pakistan, Islamabad.
 
Contents
1.
 
Growth and Stabilization ..................................................................................................... 12.
 
Agriculture ........................................................................................................................... 23.
 
Large Scale Manufacturing .................................................................................................. 34.
 
Fiscal Development ............................................................................................................. 45.
 
Money and Credit ................................................................................................................ 56.
 
Capital Markets .................................................................................................................... 67.
 
Inflation ................................................................................................................................ 78.
 
Trade and Payments ............................................................................................................. 79.
 
Public Debt .......................................................................................................................... 810.
 
Education ............................................................................................................................. 811.
 
Health and Nutrition ............................................................................................................ 912.
 
Population, Labour Force and Employment ....................................................................... 1013.
 
Transport and Communications .......................................................................................... 1114.
 
Energy ................................................................................................................................. 1415.
 
Social Safety Nets ............................................................................................................... 1516.
 
Environment ........................................................................................................................ 1617.
 
Flood Impact Assessment ................................................................................................... 17
 
1
HIGHLIGHTS
Growth and Stabilization
 
Real GDP growth for 2011-12 has been estimated at 3.7 percent as compared to 3.0 percentin the previous fiscal year 2011.
 
The commodity producing sector has performed much better in outgoing fiscal year ascompared to last year; its growth rate is 3.28 percent against 1.47 percent last year.
 
Agriculture registered the growth of 3.13 percent against 2.38 percent last year.
 
Major Crops
 
registered an accelerating growth of 3.18 percent compared to a negativegrowth of 0.23 percent last year. The major crops including Cotton, Sugarcane and Ricewitnessed growth in production of 18.6 percent, 4.9 percent and 27.7 percent respectively.However, Wheat registered a negative growth of 6.7 percent mainly due to 2.6 percentdecline in area under cultivation, sowing was also delayed because of late receding rain waterin lower Sindh which resulted in a decline in both the acreage as well as the yields.
 
Minor Crops
 
growth declined by 1.26 percent, due to rains affect in Sindh resulted indestruction of minor crops.
 
Livestock witnessed a marginally higher growth of 4.04 percent against the growth of 3.97percent last year.
 
Fisheries sector witnessed a growth of 1.78 percent against the growth of 1.94 percent lastyear.
 
Forestry recorded growth at 0.95 percent as compared to the contraction of 0.40 percent lastyear.
 
Industrial sector contains 25.4 percent of GDP having sub sectors: manufacturing,construction, mining & quarrying and electricity and gas distribution.
 
Manufacturing Sector
 
registered growth at 3.56 percent compared to the growth of 3.06percent last year.
 
Small scale manufacturing maintained its growth of last year at 7.51 percent and slaughteringgrowth is estimated at 4.46 percent against 4.38 percent last year.
 
Large Scale Manufacturing has also witnessed a slight improvement. It has shown a growth1.05 percent in July-March 2011-12 as against 0.98 percent last year.
 
Construction Sector has shown 6.46 percent growth as compared to negative growth of 7.09percent in last year.
 
Mining and Quarrying
 
sector recorded positive growth of 4.38 percent during the year2011-12 against the negative growth of 1.28 percent last year.
 
Electricity and gas distribution witnessed a growth of -1.62 percent against the growth of -7.25 percent last year.
 
The Services sector has registered a growth rate of 4.02 percent in 2011-12 against thegrowth of 4.45 percent in the last year. This performance is dominated by Finance and

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