Tuesday, November 3, 2009

SALIENT FEATURES OF PAKISTAN’S ECONOMY 5

Inflation Rate stood at 10.3 percent during the first ten months (July-April) of the
current fiscal year, 2007-08, as against 7.9 percent in the comparable period of
last year. The food inflation is estimated at 15.0 percent and non-food 6.8 percent,
against 10.2 percent and 6.2 percent in the corresponding period of last year.
• Exports were targeted at $ 19.2 billion or 12.9 percent higher than last year.
Exports during the first ten months (July-April) of the current fiscal year are up by
10.2 percent – rising from $ 13847.3 million to $ 15255.5 million in the same
period last year.
• Pakistan’s export performance has been impressive in recent years (2002-03 to
2005-06) with exports registering an average growth of 16 percent per annum.
Pakistan’s export performance was dismal in 2006-07 as it witnessed abrupt and
sharp deceleration to less than 4 percent. However, when viewed in the back of
last year’s performance, exports managed to recover somewhat this year but its
performance has remained far short of the average growth of 16 percent achieved
during 2002-03 to 2005-06

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