National GDP expected to grow by 4.5% in 2010-11

[Kompromat]

Pakistan's GDP to grow 4.5 percent in 2010-11: Report

2010-05-25 11:50:00



Pakistan's economy is set to grow at 4.5 percent in fiscal 2010-11 beginning July 1 against the 4.1 percent during the current fiscal, a media report said Tuesday.

Agriculture growth in the next fiscal is targeted at 3.8 percent, manufacturing growth at 5.6 percent and service sector growth at 4.7 percent, The News reported on its website ahead of the June 5 presentation of the budget for 2010-11.


Inflation for 2010-11 is targeted at 8 percent, compared with the central bank's forecast of between 11 percent and 12 percent for the current fiscal.


The government is aiming at a fiscal deficit of between 4 and 4.2 percent of the GDP in 2010-11 compared to an earlier forecast of 5.1 percent.


The government has also decided to eliminate subsidies on power, fertiliser and sugar in the budget for the next fiscal year and to replace the general sales tax with a 15 percent value added tax.


This apart, the government is expected to impose a capital gains tax on the purchase of stocks made on or after July 1.

Pakistan's GDP to grow 4.5 percent in 2010-11: Report

 

[shiningindia]

Pakistan's GDP to grow 4.5 percent in 2010-11: Report

2010-05-25 11:50:00



Pakistan's economy is set to grow at 4.5 percent in fiscal 2010-11 beginning July 1 against the 4.1 percent during the current fiscal, a media report said Tuesday.

Agriculture growth in the next fiscal is targeted at 3.8 percent, manufacturing growth at 5.6 percent and service sector growth at 4.7 percent, The News reported on its website ahead of the June 5 presentation of the budget for 2010-11.


Inflation for 2010-11 is targeted at 8 percent, compared with the central bank's forecast of between 11 percent and 12 percent for the current fiscal.


The government is aiming at a fiscal deficit of between 4 and 4.2 percent of the GDP in 2010-11 compared to an earlier forecast of 5.1 percent.


The government has also decided to eliminate subsidies on power, fertiliser and sugar in the budget for the next fiscal year and to replace the general sales tax with a 15 percent value added tax.


This apart, the government is expected to impose a capital gains tax on the purchase of stocks made on or after July 1.

Pakistan's GDP to grow 4.5 percent in 2010-11: Report

i don't know how many time they change there estimate.
before 2 month : 3.8
before 1 month : 4.1
and now : 4.5

it's mean actual data is much differ than published data. but don't waste ur mind we'll see actual growth after 1 year.

 

[farhan_9909]

i don't know how many time they change there estimate.
before 2 month : 3.8
before 1 month : 4.1
and now : 4.5

it's mean actual data is much differ than published data. but don't waste ur mind we'll see actual growth after 1 year.

Hello sir i think your little confuse

this is for 2010 to 2011
and 4.1% was of 2009 to 2010 june

 

[T-Faz]

Hello sir i think your little confuse

this is for 2010 to 2011
and 4.1% was of 2009 to 2010 june

Leave em, some of them get happy at bad news and when something good comes up, they try and rebuke it aggressively by taking a pot shot.

 

[Kompromat]

Leave em, some of them get happy at bad news and when something good comes up, they try and rebuke it aggressively by taking a pot shot.

4.5% is a good percentage of growth and i hope we get up to 7% sometime

 

[genetic_nomad]

congrats guys, hope the growth accelerates even further in the coming years

 

[Agni 5]

Congrats Pakistan........................

 

[Hutchroy]

Population explosion a threat to Pak progress

ISLAMABAD: The population explosion is the most severe threat to economic and social development of Pakistan as it has already touched 173 million in 2010 and is projected to climb to 242.05 million by the year 2030, it is learnt.

All economic and social indicators are devised on the basis of population, including the crucial one in the shape of per capita income on annual basis. Now the government is going to unveil its Economic Survey 2009-10 tomorrow (Friday) by showing an increasing trend in per capita income but keeping in view the rising projection of population in real terms the pert capita income has declined.

For official indicators, the figure of total population is used at 166 million but the new projections worked out by official circles clearly indicate that although population census was not being done but their projection showed that it has already climbed to 173 million.

“How we are going to manage such a huge population and it should be matter of concern for economic and planning managers while keeping in view the existing energy shortages and futuristic food requirements and other infrastructure for catering needs of population up to such an extent,” a senior official of the Planning Commission said while talking to The News here on Wednesday.

A summary of demographic indicators done by Planning Commission’s working group comprising of experts of demographic, statisticians including head of Population Council Zeba Sattar and others, a copy of which is exclusively available with The News showed that out of population of 173.51 million, total male and female stood at 89.76 million and 82 million respectively in 2010.

The experts on population are projecting that the annual birth rate was on rising side compared to death incidence. The annual birth rate in Pakistan stands at 4.85 million while death rate is 1.29 million in 2010. The birth rate is projected to rise to 5.03 million by 2018 while it will decline to 4.92 million by 2021.

Total population stood at 162.91 million in 2007, 166.41 million in 2008, 169.94 million in 2009 and 173.51 million in 2010. The population growth was projected to rise to 177.10 million in 2011 and 180.71 million in 2012.

The alarming projection showed that the country’s population was projected to jumpstart in substantial manner from 2013, as it would climb up to 184.35 million in 2013, 188.02 million in 2014, 191.71 million in 2015, 195.71 million in 2016 and 199.10 million in 2017.

The population growth is projected to cross 202.81 million in 2018, 206.49 million in 2019 and 210.13 million in 2020. This population will touch 242.05 million by 2030 with 124.47 million male populations and 117.58 million female populations. The working paper further states that the male life expectancy stands at 63.6 years while female expectancy is 65.4 years in 2010, showing that females life expectancy is more than males.

The population living in urban areas stands at 63.05 million including 32.62 million males and 30.43 million females in 2010. The population residing in rural areas is 110.46 million out of which 57.14 million are males and 53.32 million are females in 2010.

Out of projected population of 242.05 million by 2030, it was projected that 122.24 million populations would be living in urban areas with 62.86 million male and 59.38 million female populations. It was projected that 119.81 million populations would be living in rural areas by 2030 including 61.61 million male and 58.20 million female populations.