Economic Survey 2011-12 :: No Target Achieved.

[F.O.X]

Pakistan Economic Survey 2011-12 reveals none of economic targets set by govt were achieved.


Finance Minister Dr Abdul Hafeez Shaikh would officially release the Survey on May 31. A copy of the Survey would be presented to Prime Minister Yousuf Raza Gilani on Thursday before its release.

Dunya News received details of Economic Survey, which said all the growth targets of agriculture, industry and services sectors have been missed.

The economic growth remained at 3.7% despite a set target of 4.2%. The overall deficit stood at Rs8.94 trillion which was Rs7.71 trillion in FY 2011-12. Rs47 billion were spent on external debt financing this year as compared to Rs33 billion during July-March last year.

The trade deficit of the country surged exponentially, the Survey said. It said imports have escalated to $37 billion against the total exports of $19 billion.

Dunya News: Pakistan:-No economic target achieved in 2011-12 ...

The only Reason we were unable to achieve any target was due to Lack of Honest & Good Financial Minds in the Top hierarchy. We have to potential & yet we are unable to Utilize even 10% of it.


The Detailed Survey will come on 31 May.

 

[Karachiite]

Lol this was expected. All the other countries in South Asia are experiencing massive economic growth while Pakistan is still stuck at less than 4%. In under a decade, Pakistan will be the most backwards country in South Asia. But hey as long as Pakistan has nukes and other weapons who cares if they lack behind everything else?

 

[farhan_9909]

the growth would be close to 4% in the end i guess

we are in a state of war with very less FDI
majority of reserves are imfwb loan
political instability
and we still achieved this growth


if these problems are solved within.1 year i bet we will clock.5% atleast

Power supply to industries
total political stability with honest leaders
peace dialogue with ttp and peace in pak to attract foreign investment

 

[Dance]

the growth would be close to 4% in the end i guess

we are in a state of war with very less FDI
majority of reserves are imfwb loan
political instability
and we still achieved this growth


if these problems are solved within.1 year i bet we will clock.5% atleast

Power supply to industries
total political stability with honest leaders
peace dialogue with ttp and peace in pak to attract foreign investment

True. At least we haven't gone negative or anything like that.

With so many issues, how would even achieve great economic growth?

 

[IndoUS]

Well it is to be expected, with the economic uncertainty around the world specially in Europe which is affecting almost every country around the world.