FINANCE Minister Ishaq Dar could have kept the Pakistan Economic Survey 2022-23 unveiling ceremony quite short. ‘We blame everyone and everything but ourselves’, would have neatly summarised the gist of most of what he had to say about his government’s report card for the outgoing fiscal year. It wasn’t difficult to see why he felt a need to be so defensive. The numbers he had to share told a h
FINANCE Minister Ishaq Dar could have kept the Pakistan Economic Survey 2022-23 unveiling ceremony quite short. ‘We blame everyone and everything but ourselves’, would have neatly summarised the gist of most of what he had to say about his government’s report card for the outgoing fiscal year. It wasn’t difficult to see why he felt a need to be so defensive. The numbers he had to share told a h
Amid contraction in big industry production, a large number of direct and indirect workers lost jobs mainly in the textile and auto sectors, but Economic Survey FY23 did not reveal anything about a bleak employment scenario during the outgoing fiscal year. The data, however, presented a rosy picture of the rising employed labour force to 67.25 million in FY21 from 64m in FY19, while data for FY
The investment-to-GDP ratio in the outgoing 2022-23 stood at 13.6 per cent, lowest among the regional countries, according to the economic survey released on Thursday. This ratio stood at 15.6pc in 2021-22. The survey attributed the year-on-year decline to a slowdown in global and domestic economic activity and contractionary macroeconomic policies. The per capita income decreased from $1,76
The economic survey for 2022-23 showed on Thursday the country’s total public debt reached Rs59.24 trillion at the end of March, with domestic debt amounting to Rs35.07tr and external debt clocking in at Rs24.17tr or $85.2 billion. Within domestic debt, the government relied on long-term debt securities, predominantly the floating-rate Pakistan Investment Bonds (PIBs) and Sukuk for the financin