The Finance Division of the Government of Pakistan (Gov PK) conducted a key economic survey (designated 0910, covering fiscal year 2009-2010) to provide a comprehensive overview of the nation’s economic performance. This survey served as a critical input for policymaking, budget formulation, and international reporting.
The 0910 survey analyzed Pakistan’s macroeconomic indicators, including GDP growth, inflation, fiscal deficit, current account balance, and external debt. Specifically, it delved into the agriculture, manufacturing, and services sectors, assessing their individual contributions to overall GDP growth. Agricultural performance was crucial, as it employed a large segment of the population. The survey examined crop yields, livestock production, and related factors affecting rural incomes.
The survey also examined Pakistan’s fiscal performance, focusing on government revenues (tax and non-tax) and expenditures. A key concern was the fiscal deficit – the gap between government spending and revenue. The survey analyzed the composition of government spending, highlighting allocations for development projects, defense, debt servicing, and social programs. The effectiveness of tax collection mechanisms and the identification of potential revenue sources were also investigated.
Inflation, a major macroeconomic concern globally at the time, received considerable attention in the survey. The report examined the Consumer Price Index (CPI) and Wholesale Price Index (WPI) to track price movements across different commodities. Factors contributing to inflation, such as global commodity prices, domestic supply constraints, and monetary policy, were analyzed. The impact of inflation on different income groups and potential policy responses were also discussed.
Pakistan’s external sector – its trade with the rest of the world – was another key area of focus. The survey analyzed trends in exports and imports, the composition of trade (goods and services), and the overall trade balance. The current account deficit, which reflects the difference between a country’s earnings from abroad and its payments to foreigners, was closely monitored. The survey assessed the impact of exchange rate fluctuations on the trade balance and explored strategies to boost exports and reduce imports.
The survey further investigated Pakistan’s debt profile, including external and domestic debt. It analyzed the size of the debt, its maturity structure, and the associated debt servicing costs. The survey examined the sustainability of Pakistan’s debt and explored strategies to manage debt effectively and reduce the burden on the economy.
Data for the survey was sourced from various government ministries, departments, and agencies, including the State Bank of Pakistan (SBP), the Federal Bureau of Statistics, and provincial governments. Economists and statisticians within the Finance Division compiled and analyzed the data to produce the final report. While providing a valuable snapshot, the 0910 survey faced limitations, including data lags and potential biases in reporting. Furthermore, the survey’s projections were subject to uncertainty due to unforeseen events and evolving economic conditions.
Overall, the Finance Division’s 0910 economic survey served as a vital tool for understanding Pakistan’s economic performance during a challenging period. Its findings informed policy decisions aimed at promoting economic growth, controlling inflation, managing debt, and improving the living standards of the population.
181×65 ministry finance government pakistan from www.finance.gov.pk 
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