PAKISTAN’S ECONOMY

S.KAMAL HAYDER KAZMI,
(feedback@pgeconomist.com)
Research Analyst
, PAGE
Aug
15 - 21, 2011

PAKISTAN: INFLATION REPORT

PERSONS LAK KN GAK ZAB GZH BB NS BB NS PM YRG

YEARS

1947-51 1951-53 1958-69 1972-77 1977-88 1988-90 1990-93 1993-96 1997-99 1999-2008 2008 TILL DATE
Flour 20 paisa 25 paisa 50 paisa Rs 1 Rs 2.50 Rs 3.25 Rs 4 Rs 6.60 Rs 8 Rs 17 Rs 31.00
Sugar 60 paisa 75 paisa Rs 1.75 Rs 6 Rs 9 Rs10 Rs 13 Rs 21 Rs 21 Rs 30 Rs 72.00
Ghee Rs 2.50 Rs 3 Rs 5 Rs 9 Rs 15 Rs 20 Rs 32 Rs 48 Rs 48 Rs 135 Rs 193.00
Dal 25 paisa 35 paisa Rs 1.50 Rs 2.50 Rs 9 Rs 10 Rs 18 Rs 18 Rs 20 Rs 42 Rs 88.00
Meat Rs 1.25 Rs 1.75 Rs 12 Rs 16 Rs 40 Rs 50 Rs 80 Rs 110 Rs 110 Rs 285 Rs 340.00
Petrol 15 paisa 0.35 paisa Rs 2.75 Rs 3.45 Rs 7.75 Rs 12 Rs 14 Rs 18.55 Rs 27 Rs 62 Rs 85.12
LAK: LIAQAT ALI KHAN, KN: KHUAJA NAZIM UDDIN, GAK: GEN AYUB KHAN, ZAB: Z.A BHUTTO, GZH: GEN ZIA UL HAQ, BB: BENAZIR BHUTTO, NS: NAWAZ SHARIF, PM: PERVAIZ MUSHARRAF, YRG: YOUSUF RAZA GILANI,

BUDGET: CURRENT EXPENDITURE (Rs in Million)

CLASSIFICATION REVISED 2010-11 BUDGET 2011-12
General Public Service 1,655,566 1,659,978
Defence Affairs and Services 444,640 495,215
Public Order and Safety Affairs 58,735 59,609
Economic Affairs 79,960 50,307
Environment Protection 448 577
Housing and Community Amenities 1,657 1,602
Health Affairs & Services 7,455 2,646
Recreational, Culture and Religion 4,197 4,247
Education Affairs and Services 40,324 39,513
Social Protection 2,940 1,164
total 2,295,921 2,314,859

AGRICULTURE GROWTH (%)

YEAR %
2005-06 6.3
2006-07 4.1
2007‐08 1.0
2008‐09 4.0
2009‐10 0.6
2010-11 1.2

CPI, SPI AND WPI ON YEARLY BASIS

PERIOD

% CHANGE OVER

CPI SPI WPI
2001-02 3.54 3.37 2.08
2002-03 3.10 3.58 5.57
2003-04 4.57 6.83 7.91
2004-05 9.28 11.55 6.75
2005-06 7.92 7.02 10.10
2006-07 7.77 10.82 6.94
2007-08 12.00 16.81 16.41
2008-09 20.77 23.41 18.19
2009-10 11.73 13.32 12.63
2010-11 13.92 18.18 23.35

BALANCE OF TRADE (million US $)

PERIOD EXPORTS IMPORTS BALANCE OF TRADE
2005-06 16,553 24,994 -8,441
2006-07 17,278 26,989 -9,711
2007-08 20,427 35,397 -14,970
2008-09 19,121 31,747 -12,627
2009-10 19,673 31,209 -11,536
2010-11 P 25,461 35,637 -10,176

POPULATION

YEARS GROWTH RATES %
1951 – 61 2.45
1961 – 72 3.66
1972 – 81 3.05
1981 – 98 2.69
2010 2.05

INTEREST RATES IN PAKISTAN

DATE RATES (%)
30-Jan-10 12.5
27-Mar-10 12.5
24-May-10 12.5
2-Aug-10 13.00
30-Sep-10 13.5
30-Nov-10 14.00
1-Aug-11 13.5

SELECTED DEMOGRAPHIC INDICATORS

INDICATORS 2009-10 (1ST JULY) 2010-11 (1ST JULY)
Total Population (million) 173.5 177.10
Urban Population (million) 63.05 65.3
Rural Population (million) 110.46 111.8
Total Fertility Rate (TFR) 3.6 3.5
Crude Birth Rate (per thousand) 28.4 27.50
Crude Death Rate (per thousand) 7.6 7.30
Population Growth Rate (percent) 2.1 2.05
LIFE EXPECTANCY (YEARS)
- Female 65.4 67.9
- Males 63.6 64.18

PRESIDENTS OF PAKISTAN

1 Iskander Mirza 2 Muhammad Ayub Khan
3 Yahya Khan 4 Zulfikar Ali Bhutto
5 Fazal Ilahi Chaudhry 6 Muhammad Zia-ul-Haq
7 Ghulam Ishaq Khan 8 Farooq Leghari
9 Muhammad Rafiq Tarar 10 Pervez Musharraf
11 Asif Ali Zardari -

EMPLOYED AND UNEMPLOYED IN PAKISTAN (mn No.)

YEAR 2006-07 2007-08 2008-09 2009-10
Labour force 50.33 51.78 53.72 54.92
Employed 47.65 49.09 50.79 51.87
unemployed 2.68 2.69 2.93 3.05

GDP GROWTH (%)

2006-07 2007-08 2008-09 2009-10 2010-11
6.8 3.7 1.7 3.8 2.4

ECONOMIC INDICATORS

INDICATORS 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11
FDI (Bn $) 1.52 3.52 5.13 5.15 3.72 2.21 1.573.6
Foreign Investment (Bn$) 16.68 3.87 8.42 5.19 2.67 2.14 1.918.1
Worker Remittances (Bn$) 4.17 4.6 5.49 6.5 7.81 8.91 11.201
Forex Reserves (Bn$) 12.61 13.14 15.18 10.83 12.23 16.07 18.25
Exchange Rate (Rs./US$) 59.66 60.16 60.5 71 88.9 86.21 85.95

FBR TAX COLLECTION (Rs. Million)

PERIOD DIRECT TAXES INDIRECT TAXES TOTAL TOTAL TAX COLLECTION
SALES EXCISE CUSTOMS
1996-97 85,060 55,668 55,265 86,094 197,027 282,087
1997-98 103,182 53,942 62,011 74,496 190,449 293,631
1998-99 110,207 72,105 60,905 65,292 198,302 308,509
1999-00 112,950 116,711 55,784 61,659 234,154 347,104
2000-01 124,585 153,565 49,080 65,047 267,692 392,277
2001-02 142,505 166,561 47,186 47,818 261,565 404,070
2002-03 151,898 195,139 44,754 68,836 308,729 460,627
2003-04 165,079 219,167 45,552 91,045 355,764 520,843
2004-05 183,372 238,537 53,104 115,374 407,015 590,387
2005-06 224,988 294,798 55,272 138,384 488,454 713,442
2006-07 333,737 309,396 71,804 132,299 513,499 847,236
2007-08 387,487 376,930 92,185 150,579 619,694 1,007,181
2008-09 440,271 452,294 116,055 148,382 716,731 1,157,002
2009-10 528,649 517,302 121,182 161,489 799,973 1,328,622