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Govt unveils Economic Survey of Pakistan 2018-19

Govt unveils Economic Survey of Pakistan 2018-19

ISLAMABAD: The Pakistan Tehreek-i-Insaf (PTI) led government formally launched the pre-budget document “Economic Survey 2018-19” on Monday to share the key economic indicators and the performance of different sectors of the economy.

The pre-budget document was shared with media at a press conference held at P-Block Auditorium during which an overview of the economic progress in recent years in Pakistan was provided, official sources said.

Giving details of the survey, Adviser to the Prime Minister on Finance Dr Hafeez Shaikh said Pakistan achieved GDP growth figures of 3.3% during the outgoing fiscal year, falling short of its target of 6.2% GDP growth.

The economic survey highlights the main features of the policies undertaken by the present government, which it says are focused on bringing macro-economic stability and putting the economy on a growth trajectory.

The survey covers all the important sectors of the economy, including growth and investment, agriculture, manufacturing, mining, fiscal development, money and credit, capital markets, inflation, debt and liabilities.

The survey also gives insight on the performance of agriculture, education, health and nutrition, besides showing the overall population, labour force and employment, poverty, transport and communication and per capita income.

Meanwhile, the federal government is expected to present its first budget on Tuesday for the fiscal year 2019-20 in Parliament.

The PTI-led government says the budget will have special focus on fiscal management, revenue mobilisation, measures for economic stabilisation and growth, reduction in non-development expenditures; boosting exports besides providing relief to the masses, promoting investment for job creation and people friendly policies for the socio economic prosperity of the country.