Topic : Extract data of WDI,GDP,GNI & Energy Consumptions

in Pakistan from 2007 to 2017

Submitted to: Miss Salma Nusrat
Submitted by: Sajid Ali
Registration No : 2018-KIU-445
Department : Environmental Sciences
Semister : Third (3rd)
Date : 06,May 2019
 Gross Domestic Product (GDP) of Pakistan :·
Economic performance in Pakistan remains robust, with GDP growth in
FY18 at 5.8 percent—its highest level in 11 years. While inflation
remained below target,imbalances on the fiscal and external fronts
mounted, increasing vulnerabilities that could compromise future
growth. The fiscal deficit continued to expand on the back of weak
revenue growth and large increases in recurrent spending. This,
coupled with a large current account deficit (CAD), on the back of the
largest trade deficit registered in Pakistan’s history, has accentuated the
country’s vulnerabilities. Energy sector arrears have also been
accumulating, as well as fiscal contingencies, due to investment
guarantees mainly associated with projects for the China-Pakistan
Economic Corridor (CPEC). Taken together, these imbalances imply
increased risk and liabilities.
The services sector grew by 6.4 percent in FY18.
Pakistan's GDP Per Capita reached 1,469.348 USD in Jun 2017, compared
with 1,427.548 USD in Jun 2016. Pakistan GDP Per Capita data is updated yearly, available from Jun
1960 to Jun 2017, with an average number of 375.354 USD. The data reached an all-time high of
1,469.348 USD in June 2017 and a record low of 82.547 in Jun 1960. CEIC calculates GDP per
Capita from annual Nominal GDP and annual Population and converts it into USD. The Pakistan Bureau of
Statistics provides Nominal GDP in local
currency. The Ministry of Planning, Development & Reforms provides Population.
The State Bank of Pakistan average market exchange rate is used for currency conversions. Mid-year
Population estimates are used for the calculation of GDP
per Capita. GDP per Capita prior to 2000 is sourced from the World Bank. GDP
per Capita is in annual frequency, ending in June of each year.In the latest
reports, Pakistan's GDP expanded 5.430 % YoY in Jun 2018.
Pakistan's Nominal GDP reached 312.570 USD bn in Jun 2018. Its GDP deflator (implicit price
deflator)increased 2.072 % in Jun 2018. Gross Savings Rate of Pakistan was measured at 5.514 % in Jun
2018.
GDP GRAPH:
 Gross National Income (GNI) of Pakistan: -
In 2017, GNI per capita based on PPPfor Pakistan was 5,840
international dollars. GNI per capita based on PPPof Pakistan increased
from 2,560 international dollars in 1998 to 5,840 international dollars
in 2017 growing at an average annual rate of 4.45 %.
GNI per capita based on purchasing power parity (PPP). PPP GNI is
gross national income (GNI) converted to international dollars using
purchasing power parity rates. An international dollar has the same
purchasing power over GNI as a U.S. dollar has in the United States. GNI is
the sum of value added by all resident producers plus any product taxes
(less subsidies) not included in the valuation of output plus net receipts of
primary income (compensation of employees and property income) from
abroad.
DATE Value Chang
2017 5770 4.85 %
2016 5550 4.70 %
2015 5320 4.11 %
2014 5110 4.93 %
2013 4870 4.06 %
2012 4680 4.00 %
2011 4,500 3.21 %
2010 4,360 2.11 %
2009 4270 2.15 %
2008 4180 1.70 %
2007 4110 5.38 %
GNI graphs representation:
 Energy consumption of Pakistan:-

Electricity Production in Pakistan reached 15,139 GWh in Jul 2018,

compared with 16,431 GWh in the previous month. Electricity
Production data of Pakistan is updated monthly averaging at 5,894
GWh from Nov 1987 to Jul 2018. The data reached an all-time high of
16,946 GWh in May 2018 and a record low of 2,313 GWh in Feb 1989.
Energy consumption graphs:
 REASONS FOR THE RISE & DOWNFALLS OF GDP,GNI & ENERGY
CONSUMPTION IN PAKISTAN DURING THE YEAR 2007 TO 2017:-

1. Improving Public Debt and Credit Management .

2. Enhancing development finance capabilities.
3. Enhancing the efficiency and transparency of Government.
4. Pakistan’s economy continues to grow, amid increasing Macroeconomic
5. imbalances.
6. On the demand side, consumption continued to drive growth.
7. The austerity drive of the new government sets the course, but is only
afirst step in needed interventions for sustainable fiscal consolidation.
1. The global economy is facing increased uncertainty.
2. In this global context, Pakistan’s economy continues to expand while vulnerabilities
mount.
3. Agriculture, industry and services supported GDP growth from the supply side.
4. Consumption continues to drive growth, while investment demand remains
sluggish.
5. Structural reforms are needed for long term growth.
6. A sustainable fiscal policy over the medium term requires fiscal consolidation
plan today.
7. Allowing exchange rate flexibility will help create a buffer and reduce vulnerability
to external shocks.
8. Structural reforms conducive to better integration in the global economy are needed for
increased productivity and resilience.
9. Ultimately, the key to improving productivity and long-term inclusive growth is the
development of human capital
Enhancing Ease of Doing Business:-
In order to promote investment in the country, the government is actively working to remove the impediments
to investment and enhance ease of doing business. In this regard, the government is taking following actions:
• Merit based and transparent appointment of the Chief Executives of State-owned Banks, financial
institutions.
• Ease of Doing Business placed under the Prime Minister's office for regular monitoring, coordination
and remedial actions. The focus of doing business reforms will be comprehensive – expanding
beyond Lahore and Karachi – under a National Business Climate Reform Unit reporting to Prime
Minister. This unit will also have provincial representation as a substantial part of operational level
business regulation belongs to subnational domain. Such a unit would not limit its mandate to
monitoring, coordination and remedial actions. It would proactively interact with stakeholders,
primarily with private sector, understand investment climate barriers, design reforms through
consultation and lead implementation and communicate completion of reforms to build investor
confidence
Furthermore, on January 23, the government presented its Economic Revival Package to the Parliament. The
package contains many structural adjustment measures aimed at removing basic impediments affecting
business environment and investment in the country.
Paying Taxes:

• Reduction of number of tax and contribution payments.

• Ensuring all payments can be made fully electronically.
• Reduction of time required to obtain VAT refunds.
• Separation of Tax policy from Tax Administration.
• Establishment of an independent Tax Policy Board.
Trading Across Borders:
• Ensuring 50% reduction of customs related processing time at Karachi
port.
• Reduction in hours required to prepare export and import documents
by over 50%.
All laws, rules, regulations, circulars, guidelines issued by any Government
ministry/ department/ agency would be made available in its most up dated
version to the general public free of cost in a user-friendly manner on web page
and in electronic and print forms at public places.Service standards with timelines
for each type of service rendered at the District, Tehsil and Union level willbe
developed, widely disseminated and posted at public places in each department.
iv) Rules of business at the Federal, Provincial and District Governments will be
revised to make them simple, Comprehensible empowering the Secretaries/ Heads
of Departments/ Local Government Officers to take decisions without multiple
references, clearances and back and forth movement of files. Post-audit of the
decisions taken will be used to ensure accountability rather than prior clearances.
v) Estacode, Financial Rules, Accounting and Audit Rules, Fundamental Rules and
all other rules in force
would be reviewed systematically and revised to bring them in line with modern
management
Developing a Trade Related Investment Policy
Framework:
The government will devise a Trade Related Investment Policy Framework to channelize
investment into export-oriented production. The policy is likely to include the following areas:
1. Identification of priority sectors to incentivize and facilitate efficiency seeking investment in
the manufacturing sector.
2. Leveraging Pakistan’s strategic location, natural endowments, large domestic market, human
resource base and opportunities arising from CPEC to attract investment in export-oriented
sectors.
3.Identification of critical enablers for attracting trade related investment – e.g. competitive
production environment, market size and time-bound protection, market access and investment
eco-system etc.
4.Framing of policy measures for each investment enabler.
5.Preparing strategy for investment promotion and monitoring. This
strategy will connect trade-related stakeholders, such as banks, businesses (i.e. exporters,
importers,
shipping lines, freight forwarders, etc.) and government/regulatory agencies within the country
through a
single data information exchange .
Maximizing the Benefits form Regional Trade and
Cooperation:

Pakistan’s strategic location has not been utilized for promoting regional
economic integration and connectivity. A beginning has been made under CPEC
but other available opportunities with Afghanistan, Central Asian States, Turkey,
Iran and India have not been fully explored. It is the intention of the Government
to further bolster and sustain these relationships.
The government is committed to explore and advance trade ties within the
region. In this regard, CPEC provides an excellent opportunity to expand North-
South trade. Pakistan can use CPEC to connect to global value chains and get
better access to Chinese markets for its exports. Fast tracking under CPEC would
provide an unprecedented opportunity to both expand exports and GDP growth.
World Development Indicators (WDI) for Pakistan:-