SYED QASIM RAZA

0
4
6
8

2
12

10
1961
1963
1965
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
GDP GROWTH RATE

2005
2007
2009
2011
2013
2015
2017
GDP Growth
100

95

90

Series1
85

80

75
 investment (% of GDP)
3

2.5

1.5
investment (% of GDP)

0.5

0
1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
 0
2
4
6
8
10
12
14
16
18
1961
1963
1965
1967
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
2011
2013
2015
2017
2019
Series1
20

18

16

14

12

10
Series1
8

0
 0
5
10
15
20
30

25
1969
1971
1973
1975
1977
1979
1981
1983
1985
1987
1989
1991
1993
1995
1997
1999
2001
2003
2005
2007
2009
Imports (% of GDP)

2011
2013
2015
2017
2019
Imports (% of GDP)
 FDI (% of GDP)
4

3.5

2.5

2
FDI (% of GDP)
1.5

0.5

-0.5
 Health (% of GDP)
1.2

0.8

0.6
Health (% of GDP)

0.4

0.2

0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
 Education (% 0f GDP)
3.5

2.5

Education (% 0f GDP)
1.5

0.5

0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
 tax (% of GDP)
16

14

12

10

8
tax (% of GDP)

0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
 Inflation
30

25

20

15

Inflation

10

-5
 unemployment
9

4 unemployment

0
 Imports have been restricted by 5 percent to
$ 44 billion compared to $46 billion last year.
 Trade deficit reduced by 7.4 percent to $
23.9 billion against $25.8 billion last year.
 Remittances improved by 8.45 percent to $
17.8 billion against 16.4 billion last year
 GDP growth in FY 2018 was 3.3 percent, on
the back of Agriculture at 0.85 percent,
Industry 1.4 percent and Services 4.7
percent.
 The Consumer Price Index witnessed a rising
trend in fiscal year 2018-19. It increased to
5.8pc in July 2018 after remaining sticky at 5pc
for two months, and rose to 6.8pc in October
2018 “due to an increase in gas prices.”
 From July-April 2019, headline inflation
measured by the CPI averaged 7pc against the
3.77pc measured in the corresponding period
last year “on the back of the prevalence of some
underlying demand in the economy, as well as
continued pass through of exchange rate
depreciation and higher fuel prices.
 Core inflation (non-food and non-energy) was
recorded at 8.1pc compared to 5.6pc in the
same period last year.
 According to the PES, exports fell by 1.9pc
despite exchange rate depreciation, while
imports declined by 4.9pc.
 “This helped in reducing the trade deficit by
7.3pc during July-April FY18-19, while it had
shown an expansion of 24.3pc during the
corresponding period last year,” the
document stated.
 The current account deficit contracted by
27pc from July-April 2019, while it had
expanded by 70pc in the corresponding
period last fiscal year.
 The government’s total expenditure increased by
8.7% from July-March 2019 to Rs-5506.2 billion
(14.3% of GDP) against last year’s spending of Rs-
5063.3 billion (14.6% of GDP).
 Current expenditure posted growth of 17.7% to
Rs4798.4bn (12.4% of GDP).
 The federal and provincial governments’ current
expenditures grew by 19.9% and 13.7%
respectively during the period under review.
 Development expenditure decreased to Rs-655.9
billion this fiscal compared to last year’s
expenditure of Rs-993.3 billion, exhibiting 34%
negative growth compared to 23.6% positive
growth recorded last year.