SAARC

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
May
2 - 15, 2011

SAARC SUMMITS

NO. LOCATION DATE
1st Dhaka 7-8 December 1985
2nd Bangalore 16-17 November 1986
3rd Kathmandu 2-4 November 1987
4th Islamabad 29-31 December 1988
5th Malé 21-23 November 1990
6th Colombo 21 December 1991
7th Dhaka 10-11 April 1993
8th New Delhi 2-4 May 1995
9th Malé 12-14 May 1997
10th Colombo 29-31 July 1998
11th Kathmandu 4-6 January 2002
12th Islamabad 2-6 January 2004
13th Dhaka 12-13 November 2005
14th New Delhi 3-4 April 2007
15th Colombo 1-3 August 2008
16th Thimphu 28-29 April 2010
7th Malé November 2011 (Planned)

PAKISTAN

INDICATORS FY10 FY11
ACTUAL ANNUAL PLAN
TARGETS
SBP PROJECTIONS
GDP (%) 4.1 4.5 2.0 – 3.0
Average CPI inflation 11.7 9.5 14.5-15.5
Monetary assets (M2) 12.5 - 14.5 – 15.5
BILLION US DOLLARS
Workers’ remittances 8.9 9.0 10.0-11.0
Exports (fob-BoP data) 19.6 20.0 23.0-24.0
Imports (fob-BoP data) 31.1 31.7 34.5- 35.5
PERCENT OF GDP
Fiscal deficit 6.3 4.0 5.5-6.5
Current account deficit 2.0 3.4 1.0-1.5

INDIA

GDP growth 8.4% (2010, Q4)
GDP per capita $1,124 (nominal: 142th; 2009)
Inflation (CPI) 8.43% (December 2010)
Labour force 467 million (2nd; 2009)
Exports $201 billion (22nd; 2010)
Imports $327 billion (11th; 2010)
FDI stock $191.1 billion (23rd; 2010)
Gross external debt $237.1 billion (2010 est.)
Public debt 3,495,152 crore (US$758.45 bn) (2009–10)
Revenues $129.8 billion (2009 est.)
Expenses $214.6 billion (2009 est.)
Economic aid $1.724 billion (2005)
Foreign reserves $300 billion (6th; Nov 2010)

MALDIVES

INDICATORS 2009 2010 2011
RGDP (1995 constant prices) Rf mn. 10401.5 10898.6 11335.1
Total revenue and grants Rf mn. 5734.8 6593.7 8905.0
Net foreign assets Rf mn. -1338.7 693.0 -
Current Account (US$ mn) -418.7 -462.7 -647.4
Gross international reserves (US$ mn) 261.0 349.9 300.1
Total external debt outstanding & disbursed (US$ mn) 933.4 943.3 -

NEPAL

GDP $31.09 billion (2008 est.)
GDP growth 3.5 % (2010 est.)
GDP per capita $1,400 (2003 est.)
Inflation (CPI) 2.9% (January 2002)
Population below poverty line 42% (1995-96 est.)
Exports $868 million(2008)
Imports $3.229 billion f.o.b. (2008)
Public debt 2.7 billion (2001)
Revenues 1.7 billion (FY 2008)
Expenses 2.3 billion (FY 2008)

AFGHANISTAN

GDP $14.04 billion (2009 est.)
GDP growth rate 8.9 % (2010 est.)
GDP per capita $1,000 (2009 est.)
Inflation (CPI) 30.5% (2009)
Labor force 15 million (2004)
Unemployment 35% (2008)
Exports $2.128 billion (2009)
Imports $8.550 billion (2009)
Public debt $2.7 billion (2008)
Revenues $2.587 billion (2009)

BANGLADESH

GDP $256 billion (2010 est. PPP)
GDP growth 6 % (2010 est.)
GDP per capita $1,600 (2009 est. PPP)
Inflation (CPI) 5.4% (2009 est.)
Labour force 72.35 million (2009 est.)
Unemployment 5.1% (2009 est.)
Exports $16.7 billion (2009-2010)
Imports $24 billion (2009-2010)
Gross external debt $19.23 billion (31 Dec 2008 est.)
Public debt $1.2 billion (June 2005 est.)
Revenues $14.1 billion (2008-2009 est.)
Expenses $25.8 billion (2008-2009 est.)
Economic aid $.975 billion (2000 est.)

SRI LANKA

GDP $48,241 billion (2010 IMF est.)
GDP growth 8.2% (2010)
GDP per capita $5,300 (2010 est.)
Inflation (CPI) 3.4% (2009 est.)
Labour force 8.1 million (2009 est.)
Exports $7 billion (2009 est.)
Imports $9.6 billion (2009 est.)
Gross external debt $19.45 billion (31 Dec 2009 est.)
Public debt 82.9% of GDP (2009 est.)
Revenues $6.224 billion (2009 est.)
Expenses $9.801 billion (2009 est.)
Economic aid $808 million (2006)
Foreign reserves $5.2 billion (30 Nov 2009 est.)

BHUTAN: FISCAL PROJECTION (In Millions Ngultrum)

INDICATORS 2008/09
ACTUAL
2009/10
REVISED EST.
2010/11
EST
2011/12
PROJ.
2012/13
PROJ.
Total Resources 23,442.998 26,361.149 26,774.538 27,369.586 26,891.839
Domestic Revenue 14,049.040 15,370.223 15,816.334 16,607.151 17,437.508
Grants 6,575.069 10,423.369 10,905.138 10,762.435 9,454.331
Other Receipts 2,818.889 567.557 53.066 0.000 0.000
Outlay (total expenditure + net lending) 22,350.537 30,451.645 31,579.745 31,917.408 33,964.312
Total Expenditure 20,890.577 31,568.781 32,420.364 32,732.960 35,529.110
Net Lending (NL) -1,580.301 -1,117.136 -840.619 -815.550 -1,564.800
Fiscal Balance 1,092.461 -4,090.496 -4,805.207 -4,547.822 -7,072.473
PROJ: Projection, EST: Estimate

SAARC: OBSERVERS

Australia China
Myanmar EU
Iran Japan
Mauritius S.Korea
United States -

SAARC: ACTIVITIES FOR JANUARY 2011

MEETING DATE VENUE
Fourth Meeting of SAARC Working Group on Tourism 12-01-2011 Kathmandu (Nepal)
Third Meeting of SAARC Tourism Ministers 13-01-2011 Kathmandu (Nepal)
Expert Group Meeting on Electricity (SAME). 18-01-2011 Udaipur (India)
Workshop on concept paper of Inter-Governmental Framework Agreement for Energy Cooperation. 19-01-2011 Udaipur (India)
Symposium on Grid Operation & Grid Management. 20-01-2011 Udaipur (India)