CSS/PMS/PCS Competitive Exams

Pakistan Affairs for CSS 2020 PMS 2019

Date 12 March 2019:

Highlights of Economic Survey of Pakistan 2017-18

Important for Current Affairs, Pakistan Affairs and Essays

Latest Figures for the Essay “Economic Situation in

Pakistan”.
–The country’s Gross Domestic Product recorded 13-year
highest growth of 5.8 %.
–Revenues from telecom sector reached an estimated Rs
235.5 billion during the first two quarters of FY 2017-18.
–The commercial launch of 3G and 4G Long Term Evolution
(LTE) services opened new opportunities for revenue
generation for the mobile operators.

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–The agriculture, industrial and service sectors of Pakistan
grew by 3.8 percent.
–High and broad based growth in agriculture sector in last 13
years was achieved on the back of initiatives such as
expansion in credit to agriculture sector, better quality seeds
and timely availability of agriculture inputs.
–Large Scale Manufacturing recorded a growth of 6.13 %,
highest in ten years.

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–Industrial sector growth improved by 5.80 %, highest in ten
years.
–Manufacturing grew by 6.24 percent, highest in 11 years.
–Services sector witnessed a growth of 6.43 percent in last
two years.
–Growth of forestry is 7.17 percent due to high timber
production reported by Khyber Pakhtunkhwa (KPK).
–Fishing registered a growth of 1.6 percent compared to 1.23
percent last year.

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–Net factor income from abroad increased by 4.17 percent in
FY 2018 compared to FY 2017.
–Gross Fixed Capital Formation (GFCF), considered as fixed
investment stood at Rs 5,099.1 billion in FY 2018 compared to
Rs 4,632.8 billion last year posting a growth of 10.1 percent.

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–Agriculture sector recorded a remarkable growth of 3.81
percent during 2017-18 and surpassed its targeted growth of
3.5 percent and last year’s growth of 2.07 percent.
–Cotton production stood at 11.935 million bales as
compared to 10.671 million bales in 2016-17 and recorded
growth of 11.8 percent.
–During 2017-18, rice production reached historically high
level of 7,442 thousand tonnes and recorded an increase of
8.7 percent over the production of 6,849 thousand tonnes
last year.
–Sugarcane production witnessed another record production
season as its production reached to 81.102 million tonnes by
showing an increase of 7.4 percent over the last year’s
production of 75.482 million tonnes.
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–Maize crop production stood at 5.702 million tonnes
compared to the last year’s production of 6.134 million
tonnes and witnessed a decline of 7.0 percent.
–Livestock having share of 58.92 percent in the agriculture
and 11.11 percent in GDP, recorded a growth of 3.76 percent
compared to 2.99 percent during corresponding period last
year.
–Fishing sector having share of 2.10 percent in agriculture
value addition and 0.40 percent in GDP, grew at 1.63 percent
compared to growth 1.23 percent of same period last year.

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–Forestry sector having share of 2.09 percent in the
agriculture and 0.39 percent in GDP posted a positive growth
of 7.17 percent against the negative growth of 2.37 percent of
same period last year due to higher timber production
reported by Khyber Pakhtunkhwa.
–Current expenditure stood at Rs 2,5445.2 billion during July-
December FY 2018 against Rs2,241.6 billion in the same
period of FY 2017 thus posted a growth of 13.5 percent.

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–Foreign Investment picked up the pace from last year’s level,
with both direct and portfolio investment to the gains. Net
FDI inflows rose 4.4 percent to 2.1 billion dollars in July-
March against 2 billion dollars during same period last year.
–Total number of enrolments at national level during 2016-17
stood at 48.062 million as compared to 46.223 million during
2015-16 This shows a growth of 3.97 percent and it is
estimated to further rise to 5..426 million during 2017-18
–The total number of institutes stood at 260.8 thousands
during 2016-17 as compared to 252.8 thousands during last
year and the number of institutes is estimated to increase to
267.7 thousands during 2017-18.

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–Since the inception Prime Minister’s youth Skill
Development program a total number of 100,000 youth has
benefited from this program.
–During July December 2017-18 gross earning of Pakistan
Railways number of passenger carried, freight carried and
freight tones earning has improved by 26.7 percent.

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–During 2013 to 2018 39 projects with cumulative capacity of
12,230 MW have been added.
–Up till February 2018 installed capacity of electricity reached
29,573 MW which was 22,812 MW in 2012-13 thus posting a
growth of 30 percent.
–The number of Benazir Income Support Program
beneficiaries have increased from 3.73 million in 2012 to 5.6
million as on December 31 2017.

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