Thursday, May 13

Tag: pakistan economic survey

Budget 2020, Trending

Pakistan Economic Survey 2019-2020

Economic Advisor Presents the Economic Survey 2019-20 Today on 11th of June, 2020, the advisor to the PM on economy presided over the meeting of the Pakistan economic survey before Budget 2020-21. Mr. Abdul Hafez Sheikh reiterated that macro-economic indicators are doing well. He said, for the first time in many years that our primary balance is in surplus, meaning the income surpasses the expenses. Also, “we managed to reduce the current account deficit from $20 billion to just 3 billion”, said Hafeez. This is a massive improvement. Citing the reason, he mentioned, it is due to the import restrictions that the govt. took last year. The economic advisor also thanked the Army Chief to agree on not increasing the military budget owing to tight fiscal space during coronavirus pandemic, so...
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...