Thursday, March 4

Tag: Hafeez Sheikh

Budget 2020, Trending

Economic Survey of Pakistan 2019-20 : Highlights

Economic Survey of Pakistan 2019-20 was presented to the Prime Minister of Pakistan today. Basically a gloomy book of statistics wrapped in red ribbon. It was not at all good for PTI's led Government, as govt misses key macro indicators by a margin. Here are few highlights of the Economic Survey of Pakistan 2019-20. A Major Miss: GDP Growth Target was 4% but it falls drastically to a negative figure after 50's. It falls to -0.38%. A Major Plus : In the FY 2019-20 , Exchange rate remained stable and Foreign Direct investment (FDI) grows by 127%. An improved ranking in World Bank Ease of Doing Business Index (EDB).  Another Plus : B3 Credit Rating by Moody's.  A big blow: Per Capita income reduced to 1355 $ compared to 1455$ and 1652 $ in the year of Fy 2019 and 2018 respectively.  A B...