Economic Survey 2019-2020

July-March FY2020; Fiscal account deficit decreased by 4% of GDP, 194 billion surplus against deficit of
463 billions

July-March FY2020; Current account deficit decreased by 71% of GDP

July-March FY2020; Growth in FDI 126.8%

GDP growth rate for FY2020 is -0.38% (agriculture 2.67%, industrial -2.64%, service sector -0.54%)

After COVID 19, To increase the growth rate Govt announced Rs.1.24 trillion relief package.

IMF has given one year relief and US$ 1.386 billion for rapid financing.

Aid packages from Asian development bank and world bank , along inclusion in G-20 in debt relief
programe

Growth and Investment, Agriculture,

GDP growth rate for FY2020 is -0.38%

a. agriculture 2.67%(crop sector growth 2.98%, important crop growth 2.90%)

b. industrial -2.64% (large scale manufacturing -0.54%)
c. service sector -0.54% (whole sale and resale trade 3.42%, transport ,storage and communication
7.13%, finance and insurance 0.79%)

Private consumption -78.5%

Private investment -9.8%

Public investment remained 3.8% compared to 3.7% last year, 13.2% growth in public investment

Manufacturing and Minning

large scale manufacturing -0.54%)

Pak rupee depreciated by 3.9%

Fiscal Development:

July-March FY2020; Fiscal account deficit decreased by 4% of GDP, RS. 194 billion surplus against deficit
of Rs. 463 billions

FBR tax collection grew by 10.8% to Rs. 3300.6 billion

Total revenue grew by 30.9%

Inflation

Last year inflation rate6.5%

Inflation rate at jan 2020 14.6%

Inflation rate for July-April FY 2020 11.2%

SPI 14.3%

WPI 12.2%

CPI 8.5%

Trade and Payment

Exports increased by 5.4% , US$ 19.7 billion

Imports decreased by 16.9%, US$ 36.1 billion

Remittances increased by 5.5% , US$ 18.8 billion

Foreign exchange reserve in july 2019 US$ 2.6 billion

Foreign exchange for July-April FY 2020 US$ 17.1 (due to which appreciation in pak rupee by 3.6%)

Public debt

Rs. 35207 billion

Education:

Literacy rate according to PSLM survey 2018-2019 is 60% (Punjab 64%, Baluchistan 40%)

July-April FY 2020, Govt allocated RS 29.047 billions to HEC for 138 projects (128 ongoing and 10 new),
during july to march RS. 22.738 billion has been authorized to HEC.

Single national curriculum ( first phase march 2021, second phase march 2022, third phase march 2023)

Health and Nutrition:

For FY 2020, PSDP allocations for Rs. 24 billions for 62 health projects,

26-Feb-2020 first corona patient in Karachi

Population, labour force and employment:

2019 population projected 211.17 million

According to LBS 2017-2018, 65 million people are in labor force

Unemployment rate 5.8%

Youth aged 20-24 unemployment rate 11.56%

Transport and communication:

total 39 national ways, highways, expressoways and strategic ways,

40 on going projects under NHA

Pak is on 22nd ranks position on road network

Energy

Consumption ofpetrolium product in pak 19.68 million tons per annum

Supply of 11.59 millions tons per annum from local refineries and 8.09% by imports

Social protection

ehsas programe (Rs. 144 billions to 12 million people , 12000 to each )

BISP budgetery allocation increase from 102 billion to 180 billions(4.5 million benificiaries)

Kafalat program for 7 million poor woman, 4.3 million have been added from BISP, remaing 3 million
will be added up to end of this year (2000 monthly )

Pakistan bait ul mal disbursed Rs.2.705 billion on diff projects