SALIENT FEATURES OF PAKISTAN’S ECONOMY 1

SALIENT FEATURES OF PAKISTAN’S ECONOMY

Source: Pakistan Economic Survey 2007-08 issued on 10th June 2008

• GDP grew by 5.8 percent in 2007-08 as against 6.8 percent last year and growth

target of 7.2%. The economy has shown great resilience against internal and

external shocks of extraordinary nature during the out going fiscal year.

Pakistan’s economy has grown at an average rate of almost 6.6 percent per annum

during the last five years.

• Agriculture sector showed dismal performance and grew by 1.5 percent as

against 3.7 percent last year and target of 4.8 percent..

• Overall manufacturing, accounting for 18.9 percent of GDP registered a modest

growth of 5.4 percent against 8.2 percent last year.

• Pakistan’s per capita real GDP has risen at a faster pace in real terms during the

last six years (4.5% per annum on average in rupee terms). The per capita income

in dollar term has grown at an average rate of 13.5 percent per annum during the

last six years rising from $ 586 in 2002-03 to $ 1085 in 2007-08.