FINANCIAL SECTOR

  • The real GDP growth for FY 13 has been estimated at 3.6%
  • Pakistan economy witnessed improvement in trade sector has been witnessed as the trade deficit contracted by 2.5% on July-April FY13

    Exports increased by 0.15% and there was a decrease by 0.9 percent in imports in FY 2013

  • The services sector has emerged as the main driver of economic growth and playing a vital role in sustaining economic activities in Pakistan. The share of the services sector has increased by 3.7% in 2013. This performance was mainly contributed by GeneralFinance and Insurance at 6.6 percent, in lower production of cotton and rice.
  • Per capita income is regarded as one of the key indicators of economic well-being over a period of time. Per Capita Income in dollar terms grew at a nominal rate of 3.4 percent in 2012-13 and increased to $ 1,368 in 2012-13.
  • Foreign direct investment (FDI) has emerged as a major source of private external flows for developing countries.
  • Workers’ Remittances totaled $ 11569.82 million in  2013, this indicated an increase of 6.37% from last year. Remittances from Saudi Arabia and UK recorded massive growth of 12.84 percent and 27.49% during the period under review
  • During 2013, money supply (M2) increased by 9.9% against the growth of 9.1 percent in the comparable period last year on account of improvement in Net foreign assets (NFA), rise in Net domestic assets (NDA) and credit off take by the Public Sector Enterprises (PSEs).
  • The inflationary trend in the economy subdued during 2013. The annualized inflation rate measured in terms of Consumer Price Index (CPI) for FY 13 averaged at 7.5%
  •  Pakistan’s public debt reached to Rs.13,626 billion by 2013 that is 59.5% of GDP as compared with 59.8% in 2012.

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