Highlights of Pakistan Economic Survey 2016-17

ISLAMABAD: Following are the highlights of Pakistan Economic Survey for the year 2016-17 unveiled by Minister of Finance Muhammad Ishaq Dar here on Thursday.

- Country's overall economic growth rate recorded highest 5.28 per cent in nine years, while last year it was 4.51 per cent.

- The agriculture sector accounts for 19.53 per cent of GDP and 42.3 per cent of employment.

- Agricultural sector recorded a positive growth of 3.46 per cent against the growth of 0.27 per cent last year.

- Cotton Ginning witnessed growth of 5.59 per cent against the negative growth of 22.12 per cent in previous year.

- Livestock growth was recorded at 3.43 per cent against 3.36 per cent las year.

- Growth of forestry sub-sector increased by 14.49 per cent as compared to growth of 14.31 per cent last year.

- Fisheries sector registered a growth of 1.23 per cent compared to growth of 3.25 per cent.

- Industrial sector growth recorded 5.05 per cent in outgoing fiscal year as compared to 5.8 per cent last year.

- Growth of overall Manufacturing is registered at 5.27 per cent compared to 3.66 per cent last year.

- Large Scale Manufacturing growth improved to 4.93 per cent from 2.94 per cent last year.

- The construction sector has registered a growth of 9.05 per cent against the growth of 14.6 per cent last year.

- Mining and quarrying sub-sector witnessed a growth of 1.34 per cent against the growth of 6.86 per cent last year.

- Electricity generation and distribution and gas distribution registered growth of 3.4 per cent against 8.43 per cent last year.

- Economic growth rate registered 5.28 per cent against 4.51 percent which is the highest in 9 years.

- The total volume of GDP has crossed $300 billion.

- Agriculture sector growth improved to 3.46 percent against 0.27 per cent last year.

- Gross Public Debt Ratio improved to 59.3 percent to GDP from 60.2 per cent to GDP last year.

- Policy rate remained at 5.75 per cent which is lowest rate in 45 years.

- Pakistan Stock Exchange has been ranked the fifth best performing stock market in the world in 2016.

- CPI based inflation rate averaged 4.1 percent

- Manufacturing sector growth registered 5.27 percent compared to 5.8 per cent last year.

- FBR tax collection increased from Rs. 2,590 billion in FY15 to Rs. 3,112 billion in FY16.

- Fiscal deficit narrowed to 4.6 per cent in FY16 from 8.8 percent in FY13.

- Per capita income increased to $1629 from $1333 last year.