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HIGHLIGHTS OF PAKISTAN ECONOMIC SURVEY Growth and Investment. ▻ The outgoing year witnessed global recovery as the world economy. PAKISTAN ECONOMIC SURVEY Impact of War in Afghanistan and Ensuing Terrorism on Pakistan's Economy, Zaila Husnain Assistant Economic. PREFACE. It gives me great pleasure to present the Year Book of . Publishing Pakistan Economic Survey and Year Book annually.

Economic Survey Of Pakistan 2013 14 Pdf

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HIGHLIGHTS OF THE PAKISTAN ECONOMIC SURVEY . the availability of water as an essential input for Kharif was in pursuance of Sub-Rule (2) of Rule 25 of the. Rules of .. different censuses/surveys in important socio-economic areas are being. 14 Pakistan Economic Survey PRI scheme through continuous improvement in payment system, infrastructure, fact finding, visits and market research.

The finance minister said there was significant increase in the import of plant and machinery, which is a positive indication. Non-tax revenue as percentage of GDP remains at 2. Also, development expenditure this year as percentage of GDP was 2.

Also read: SSC CGL 2013 PDF

The fiscal deficit in first ten months was 3. The finance minister said FBR tax collections in 11 months grew by He said the State Bank borrowing last year was Rs Share this:.

The Indus Valley civilization , the first known permanent and predominantly urban settlement that flourished between BC to BC, featured a vibrant economic system. Its citizens practised agriculture, domesticated animals, made sharp tools and weapons from copper, bronze , and tin , and traded with other cities. Although ancient India had several urban centers, much of the population resided in villages, where the economy was largely isolated and self-sustaining.

Agriculture was the predominant occupation, as it helped satisfy the villages' food requirements while also providing raw materials for cottage and small scale industries like textiles and handicrafts.

Besides farmers, other occupational groups included barbers, carpenters, doctors Ayurvedic practitioners , goldsmiths, weavers, etc. Through the joint family system , members of a family often pooled their resources to sustain themselves and invest in business ventures.

The system ensured that younger members were trained and employed in the family business, while the elderly and disabled were supported by their families. This also prevented agricultural land from being split and reaped a higher yield due to the benefits of scale. During the Maurya Empire c. For the first time, most of India was unified under one ruler. With an empire in place, trade routes became more secure, thereby reducing the risks associated with the transportation of goods.

The empire spent considerable resources building roads and maintaining them throughout India. The improved infrastructure, combined with greater security, uniformity in measurements, and the increasing usage of coins as currency, all enhanced trade.

During the Mughal period — in the 16th century, the gross domestic product of India was estimated at about The gross domestic product of Mughal India in was estimated at about By the late 17th century, the Mughal Empire was at its peak and had expanded to include almost 90 percent of South Asia. Mughal India was now the world's largest economy, responsible for almost a quarter of global production, as well as a sophisticated customs and taxation system within the empire.

In the 18th century, the Mughals were replaced by the Marathas as the dominant power in much of India, while small regional kingdoms, who were mostly late Mughal tributaries such as the Nawabs in the north and the Nizams in the south, declared autonomy.

The efficient Mughal tax administration system was left largely intact, but India fell from its top rank to become the second-largest economy in the world. After gaining the right to collect revenue in Bengal in , the East India Company largely ceased importing gold and silver , which it had hitherto used to pay for goods shipped back to Britain.

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During the period —, India's status shifted from being an exporter of processed goods for which it received payment in bullion , to being an exporter of raw materials and a buyer of manufactured goods.

Yet, by the second quarter of the 19th century, raw materials, which chiefly consisted of raw cotton, opium, and indigo, accounted for most of India's exports. While British colonial rule stabilized institutions and strengthened law and order to a large extent, British foreign policy stifled India's trade with the rest of the world.

The British built an advanced network of railways , telegraphs , and a modern bureaucratic system that is still in place today. However, the infrastructure they created was mainly geared towards the exploitation of local resources, and left the economy stagnant, stalled industrial development, and resulted in an agricultural output that was unable to feed a rapidly accelerating population.

The common public in British India was subject to frequent famines, had one of the world's lowest life expectancies , suffered from pervasive malnutrition , and was largely illiterate.

Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. Average annual real GDP growth rates [14] were 6. Average annual growth fell to 4.

See also [15]. Economic growth during the s averaged 3. After the State Bank of Pakistan was founded in , a currency dispute between India and Pakistan broke out in Trade relations were strained until the issue was resolved in mid Monsoon floods between and created further economic problems, as did uneven development between East and West Pakistan.

Pakistan's economy was quickly revitalized under Ayub Khan , with economic growth averaging 5. Manufacturing growth in Pakistan during this time was 8.

Pakistan established its first automobile and cement industries, and the government constructed several dams, notably Tarbela Dam and Mangla Dam , canals, and power stations, in addition to launching Pakistan's space program. Along with heavy investment in manufacturing, Ayub's policies focused on boosting Pakistan's agricultural sector. Land reforms, the consolidation of holdings, and strict measures against hoarding were combined with rural credit programs and work programs, higher procurement prices, augmented allocations for agriculture, and improved seeds as part of the green revolution.

Pakistan - Labour Force Survey 2013-14

Tax collection was low, averaging less than 10 percent of GDP. Bonus vouchers facilitated access to foreign exchange for imports of industrial machinery and raw materials. Tax concessions were also offered for investment in less-developed areas. These measures had important consequences in bringing industry to Punjab and gave rise to a new class of small industrialists.

Some academics have argued that while HYV technology enabled a sharp acceleration in agricultural growth, it was accompanied by social polarization and increased interpersonal and interregional inequality. In , the country began the construction of its new capital city. The partition of British India and the emergence of India and Pakistan in severely disrupted the country's economic system.

The united government of Pakistan expanded its cultivated area and some irrigation facilities, but the rural population generally became poorer between and because improvements did not keep pace with the rural population increase. Tarbela Dam , the largest earth filled dam in the world, was constructed in Spread over acres, Quaid-i-Azam University was constructed in Pakistan Steel Mills was constructed in , making it the largest industrial mega-corporation, having a production capacity of 5.

Economic mismanagement in general, and fiscally imprudent economic policies in particular, caused a large increase in the country's public debt and led to slower growth in the s. Two wars with India - the Second Kashmir War in and the separation of Bangladesh from Pakistan also adversely affected economic growth. Large generous aid from the United States also declined after the global oil crisis in , which had a further negative impact on the economy.

According to Muhammad Abrar Zahoor, the nationalization of industries can be divided into two phases. The first phase started soon after the PPP came into power and was motivated by distributional concerns — to bring under state control the financial and physical capital controlled by a tiny corporate elite. However, in , the influence and authority of the left wing within the party significantly decreased: Corruption grew exponentially and access to state corridors became a primary avenue of accumulating a private fortune.

In this way, groups and individuals in command of state institutions used public intervention in the economy "as a means for extending their wealth and power.

Bhutto introduced socialist economics policies while working to prevent any further division of the country. Major heavy mechanical, chemical, and electrical engineering industries were immediately nationalized, as were banks, insurance companies, educational institutions, and other private organizations. Industries such as KESC were now under complete government control.

Economic Survey 2013-14: Full text

Bhutto abandoned Ayub Khan's state capitalism policies, and introduced socialist policies in a move to reduce the rich get richer and poor get poorer ratio. As this sector is developing in Pakistan, thus, consumer awareness is also pushing meat industry and regulating agencies to keep an eye on quality of meat, safety assurance, animal health and welfare as well as precise traceability Steinfeld et al.

Pakistani peoples consume beef, mutton, poultry meat and some sea food, based solely on the concept of Halal. However, consumers inclined toward poultry meat mainly because it is cheap, easy to process, availability and variety of processed meat products. In Pakistan, meat production is still based on traditional management practices and is less productive. For the last few years, annual growth of meat production showed elevated trends.

The meat production has risen to 3. The role of animal-based foodstuffs especially meat in human consumption has changed over time and differs across geographies. Meat consumption tend to increase with urbanization, population growth and economic growth however, economic development, is increasingly concentrate in affluent societies leadings towards higher meat consumption Mathijs, The factors influence the consumer preference for meat and meat products mainly depend are quality, freshness, texture, color, flavor, tenderness and juiciness of cooked meat products Furnols and Guerrero, Currently, the demand of general population of Pakistan is shifting from fresh meat to frozen meat products or ready to eat foods due to changing life-style, socio-economic boost and nutritional awareness.

Pakistani meat industry is growing, producing tons of different meat products such as ready to eat products kababs, patties etc. The demand and purchase of processed meat products is comparatively higher in urban areas than rural mainly due to socio-economic status, fast and busy lifestyle opted, usage convenience and purchasing power of consumer Vandendriessche, In this context, Garnier et al.

Furthermore, the recent research and awareness about protein quality of animal based products than that of plant based proteins played a substantial role in changing the attitude and preferences for meat consumption. Market trends and business opportunities The Pakistan government is targeting to produce 3.According to the Pakistan economic survey the trade deficit expanded because the growth rate of imports 1.

Transport and communication recorded growth of 2. The tax collecting machinery including FBR are not following proper policies to widen the tax net, they are allowing tax evasion and tax exemption at a massive scale. In most of the developing countries still state is performing its central and traditional role meeting the demands from local regional and transnational level. Government is badly failed in managing its education, health agriculture, industry, trade policy and other departments.

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