Following are the highlights of Pakistan Economic Survey for the year 2016-17 unveiled by Minister of Finance Muhammad Ishaq Dar here on Thursday.
- - Country's overall economic growth rate recorded highest 5.28 per cent in nine years, while last year it was 4.51 per cent.
- - The agriculture sector accounts for 19.53 per cent of GDP and 42.3 per cent of employment.
- - Agricultural sector recorded a positive growth of 3.46 per cent against the growth of 0.27 per cent last year.
- - Cotton Ginning witnessed growth of 5.59 per cent against the negative growth of 22.12 per cent in previous year.
- - Livestock growth was recorded at 3.43 per cent against 3.36 per cent las year.
- - Growth of forestry sub-sector increased by 14.49 per cent as compared to growth of 14.31 per cent last year.
- - Fisheries sector registered a growth of 1.23 per cent compared to growth of 3.25 per cent.
- - Industrial sector growth recorded 5.05 per cent in outgoing fiscal year as compared to 5.8 per cent last year.
- - Growth of overall Manufacturing is registered at 5.27 per cent compared to 3.66 per cent last year.
- - Large Scale Manufacturing growth improved to 4.93 per cent from 2.94 per cent last year.
- - The construction sector has registered a growth of 9.05 per cent against the growth of 14.6 per cent last year.
- - Mining and quarrying sub-sector witnessed a growth of 1.34 per cent against the growth of 6.86 per cent last year.
- - Electricity generation and distribution and gas distribution registered growth of 3.4 per cent against 8.43 per cent last year.
- - Economic growth rate registered 5.28 per cent against 4.51 percent which is the highest in 9 years.
- - The total volume of GDP has crossed $300 billion.
- - Agriculture sector growth improved to 3.46 percent against 0.27 per cent last year.
- - Gross Public Debt Ratio improved to 59.3 percent to GDP from 60.2 per cent to GDP last year.
- - Policy rate remained at 5.75 per cent which is lowest rate in 45 years.
- - Pakistan Stock Exchange has been ranked the fifth best performing stock market in the world in 2016.
- - CPI based inflation rate averaged 4.1 percent
- - Manufacturing sector growth registered 5.27 percent compared to 5.8 per cent last year.
- - FBR tax collection increased from Rs. 2,590 billion in FY15 to Rs. 3,112 billion in FY16.
- - Fiscal deficit narrowed to 4.6 per cent in FY16 from 8.8 percent in FY13.
- - Per capita income increased to $1629 from $1333 last year.
Courtesy APP (Associated Press of Pakistan)
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