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Salient Feature of Economic Survey of Pakistan 2014-15

Growth Rate = 4.24: The target was set for 5.1%. This year, target is set by Prime Minister at 5.5%. Without any scientific calculation, when growth target is set in a random manner, then it is simply going to be missed by a margin. India is growing at 8% while china in the double digit until recently. We never gave any serious thoughts to our this very pathetic performance.


Population = 191.7 Million: Mashallah the Islamic Republic is growing by leaps and bounds and the number of Muslims is on the rise. However, the condition and standard of living for these are deteriorating.


Agriculure 20.9% of GDP: Agriculture occupies as the main activity in the country contributing to more than one fifth of the GDP. This, is like we are still living in the agrarian era


Agriculture 43.5 of Employment: Mostly this low paid sector where people are semi-employed and return is very low for the farmers and labors. All the gains are for the landlords.


Per Capita Income = 1512 Dollars: With this per-capita income Pakistan ranks among the lowest developing countries and ranks at 149 as per IMF. (On PPP basis Pakistan ranks 134 as per IMF 2014 with USD 4736).


KSE   = 32131 : This bubble has in reality no effect on the common man and is usually for the wealthy and elite to play with their money. 


Defence Allocation = 781 Billion: A very big amount for a resource scarce country. The only enemy we have is India who are flying with double digit growth rate. While we shy away from comparing them in terms of economic activity and growth, we jump to the fray when it is about buying arms and strengthening our armies. The ultimate sufferer in this all duel for national pride is the poor man of these countries. Those who retire from Armed Forces are termed as civillian and their pension and medical expenses are paid from civilian accounts. So essentially the crowds of jawan and officer retiring at a much younger age then the prescribed 60 continue to get paid from civilian budget. Their number is swelling with passage of time.


Operation Zarb Azb = 45 Billion: Fighting with terrorist and Taliban comes at a cost. Our existing defence expenses are too low to take on these fanatics (Although we dare to take India with it). Therefore a separate allocation is necessary for fighting in the tribal areas to flush out terrorists and suicide bombers.


Education = 75.5 Billion: Come on, this not really our priority. The amount may sound sweet but in reality it is seldom spend. It is going to be slashed multiple time and is mostly used for other than education purposes.


Forex = 17.8 Billion USD: Our all powerful Finance Minister boosts about this very indicator and is mostly result of IMF blessing and in reality we owe this to expatriates Pakistanis too.


Coalition Support Fund inflow  = 1.5 billion USD: The price for our support to the Americans in their useless war. The 1.5 billion USD may be attractive for some, but the price we have paid for it is really disturbing in the form of thousands of innocent lives and not to mention the peace, harmony and infrastructure loss to the country.

Public Debt  = 16936 billion Pkr (61.8% of GDP): Loans are indispensable for everyone in this country ranging from a poor labor to the very government itself. Afterall the above mentioned expenses and mostly importantly the payment of interest and principle on previous loan warrants getting fresh loans. The terrible cycles continues in this way.


Domestic Debt  = 11932 billion: The domestic interest rate is high, Banks feel safe to lend the government as there is guarantee of profit so this head is swelling as a lightening pace. There are no funds for private sector and general public as our govt is of the largest domestic borrower. 

Foreign Debt  =  5004 billion: We are hooked by IMF under the its Extended Fund Facility Program and has influenced all the policy making in the country at the price of tranche of US$ 500 quarterly disbursement. 

Debt Servicing = 1193 billion Rs ( 44.5% of Revenues): This is where most of the country money is going. To pay our earlier taken debt. A gift of our corrupt leader and rulers of the country. 

Expenditure on Education = 2.1 % of GDP: As said earlier, we are already fully educated and do not need any further education. So this figure is only for fund allocated, actually, we spend much less than this at the end of the year. 

Population Growth Rate = 1.92%: We are going to take over the world by continuing to produce off springs at this pace. 









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