1. Growth and Investment
4.24%
(2014-15)
4.03%
(2013-14)GDP growth
Services sector
20.9%
Agriculture
20.30%
Industry
58.8% GDP
$1866.3
(Jul-Apr 2014)
million
(Jul-Apr 2015)
$2057.3
million
Foreign
investment
$1,666.2
million
China
US
UAE
UK
Italy
}
oil & gas exploration
financial business
power
communications
chemicals
major investment sectors
foreign investors
pk.undp.org
Highlights of the
Pakistan Economic Survey 2014-15
Pakistan's economy has maintained higher and broad based economic
growth in outgoing scal year 2014-15 despite a number of internal and
externalchallenges.Governmentremainedfocusedontheagendaaimed
at reviving of the economy, resolving the energy crisis, improving security
situation,andprovidingampleopportunitiestoallandsundrytoboostup
theirsocio-economiccondition.
11.84%
Public consumption
79.20%
Private consumption
GDP
Total investment 2013-14 2014-15
Fixed 13.52% 13.38%
Private 10.03% 9.66%
Total Rs.3,756 billion Rs.4,140 billionRecorded investment
Total 14.98%% 15.12%
Foreign
Private Investment
(Jul-Apr 2015)
Recorded investment
%of GDP
Agricultural Sector
The sector recorded a growth of 2.9 percent,higher than last years growth
at2.7percent.
Crops
Livestock Fishing
3.2%
2013-14
1.0%
2014-15
1.0%
2013-14 5.8%
2014-15
Forestry
-6.7 %
2013-14
3.2%
2014-15
2.8%
2013-14 4.1%
2014-15
Industrial Sector
Thissectorshowedadecline,fallingfrom4.5percentto3.6percent.
Mining & Quarrying
Electricity Generation &
Distribution & Gas Distt.
Construction
1.7%
2013-14 3.8%
2014-15
7.3%
2013-14
7.1%
2014-15
Manufacturing
4.5%
2013-14
3.2%
2014-15
5.6%
2013-14
1.9%
2014-15
9.25 %
(2014-15)
(2013-14)
$1512
3.83 %
$1386
Per capita income
Services Sector
Thesectorshowedagrowthfrom4.4percentto5.0percent.
Wholesale & Retail Trade Transport, Storage and
Communication Finance & Insurance
Housing Services General Government
Services
Other Private Services
4.0%
2013-14
3.4%
2014-15
4.0%
2013-14
4.0%
2014-15
4.6%
2013-14
4.2%
2014-15
4.2%
2013-14
6.2%
2014-15
2.9%
2013-14
9.4%
2014-15
6.3%
2013-14
5.9%
2014-15
Total consumption expenditures have reached to 91.04 percent of GDP in
outgoing scalyearcomparedto91.46percentoflast scalyear.

2. Agriculture
Wheat production
24,211 tons
(2014-15)
25,286 tons
(2013-14)
1.9%
The agriculture sector has four sub-sectors including: crops, livestock,
sheries and orestry. The agriculture growth stood at 2.9 percent during
July-March, 2014-15 as compared to 2.7 percent during the last year.
pk.undp.org
Cotton
production
12,769,000 bales
(2014-15)
13,983,000 bales
(2013-14)
9.5%
Engineering
Products
Wood
Products
Paper and
Board
78.46% 10.68% 7.26%
Food Beverage
and Tobacco
1.03%
Iron and
Steel Products
Leather
Products
35.63% 9.62%
Non Metallic
mineral products
2.56%
PharmaceuticalsElectronics
8.21% 6.38%
Coke & Petrol-
eum Products
4.73%
0.95%
Chemicals
17.2%5.94%
Fertilizers Automobiles
Development
expenditure
and net lending Rs. 555.8 billion
(2014-15)
Rs. 594.0 billion
(2013-14)
6.9%
Highlights of the
Pakistan Economic Survey 2014-15
Rice production has increased to 7,005 thousand tonnes in 2014-15 as
comparedto6,798thousandtonnesin2013-14showinganincreaseof3.0
percent.
Sugarcaneproductionhasdecreasedto62,652thousandtonnesin2014-
15, as compared to 67,460 thousand tonnes last year, and registered a
decreaseof7.1percent.
Maizeproductionhaddecreasedto4,695thousandtonnes
in 2014-15, as compared to 4,944 thousand tonnes in 2013-
14showingadecreaseof5.0percent.
During July-March 2014-15, the production of Potatoes, Moong,
Onions and Chillies increased by 6.3 percent, 6.2 percent, 1.3
percent and 0.3 percent, respectively. While production of other
pulsesMashandMasoor(Lentil)decreasedby12.7and5.8percent,
respectively.
Manufacturing and Mining
Large Scale Manufacturing (LSM) during July-March 2014-15 registered a
growth of 2.5 percent as compared to 4.6 percent in the same period last
year.
MiningandQuarryingsectorgrewby3.8percentin2014-15asagainst1.6
percent last year. Soap stone, Crude oil, Gypsum, Coal and Lime Stone
posted a positive growth rate of 41.68 percent, 14.03 percent, 8.11
percent,4.12percentand3.73percent.
However, some witnessed negative growth rate during the period under
review such as Phosphate 47.75 percent, Dolomite 46.87 percent, Sulphur
42.06percent,Bauxite25.69percentandMagnesite7.44percent.
During July-March of 2014-15, scal de cit as percent of GDP was
contained at 3.8 percent against 3.9 percent in the same period of
scal year 2013-14.
Fiscal Development
Total Expenditure
current expenditure
Rs. 4, 462.3 billion
Rs. 1, 180.1 billion
Rs. 5, 642.4
billion
development expenditure
and net lending
Total Revenue
(2013-14)
Rs. 2,477.4 billion
(2014-15)
Rs. 2,682.6 billion
8.3%
Tax revenues increased to Rs. 2,063.2 billion against Rs. 1,786.2 billion in
thesameperiodlastyear,thuspostedagrowthof15.5percent.
Money and Credit
During the current scal year, SBP reduced the policy rate by a cumulative
300 bps to 7.0 percent which is the lowest rate in last 42 years re ecting
improved macroeconomic conditions towards the end of scal year 2014-
15.
Broad Money witnessed an increase of 7.33 percent against the
expansionof7.05percentlastyear.
ReserveMoneygrewat11.51percentduringJuly-8thMay,2014-15
against the growth of 9.84 percent in the comparable period last
year.
Rs. 380.6 billion
(2014-15)
Rs. 510.5 billion
(2013-14)
5.45%
NDA
Banking Sector
Inflation
8.7%
(2013-14)
4.8%
(2014-15)
The in ation rae measured by the changes in CPI, averaged
at 4.8 percent during July-April, 2014-15 against 8.7
percent in the comparable period last year.
3.6%
Food in ation
5.7%
Non-food in ation
Loans for commodity operations witnessed an increase in net
retirementofRs.20.8billionagainsttheretirementofRs.65.0billion
lastyear.
Credit to private sector increased to Rs. 161.7 billion against the
expansion of Rs. 292.9 billion last year, thus posted a growth of 4.3
percentascomparedto8.7percentinthecomparableperiodoflast
year.

3. pk.undp.org
Trade and Payments
$34,645
million
(2013-14)
$34,086
million
Imports
Highlights of the
Pakistan Economic Survey 2014-15
Pakistan's overall external account balance posted a surplus of US $ 2.12
billion against US $ 1.95 billion last year due to marked improvement in
thecurrentaccountandsubstantialforeignexchangein ows.
(2014-15)
1.6%
Foreign Exchange
Reserves
$14.2
billion
(2013-14)
$17.8
billion
(2014-15)
Thecurrentaccountde citstoodatUS$1.4billionduringJul-Apr2014-15,
whichwas53.5percentlessthanthede citofUS$2.9billionlastyear.
Services account de cit remained lower and stood at $1,632 million as
comparedto$2,349millionlastyear
Public Debt
Public debt was recorded at Rs.16,936 billion or 61.8 percent of GDP as at
end-March 2015 compared with 62 percent during the same period last
year.
EDL stock was recorded at US$ 62.6 billion as at end March 2015 out of
which external public debt was US$ 49.1 billion. Public external debt
witnessed a decline of US$ 2.3 billion during rst nine months of current
scalyear.
Domestic debt External debt
Rs. 11,932 billion
Rs. 1,012 billion
an increase of
Rs. 5,004 billion
Rs. 72 billion
a decrease of
Rs. 940 billion
rst nine months
(2014-15)Rs. 1,272 billion
rst nine months
(2013-14)
Pakistan also received US$ 2,106 million from the IMF. Importantly, net
in owsfromtheIMFstoodatUS$1,041millionduring rstninemonthsof
current scalyear.
Education
Health & Nutrition
Rs. 114.2 billion
Health budget
Rs. 82.3 billion
current expenditure
Rs. 31.9 billion
development
The number of doctors
has increased to 17,5223,
dentists 15,106, nurses
90,276 and hospital beds
118,041 in the country
during2014-15
5,438
Basic Health Units
1,142
Hospitals
+
5,499
Dispensaries
671
Maternity and
Child health
centre
74%
Urban
49%
Rural
According to the latest Pakistan Social and
Living Standards Measurement (PSLM)
Survey2013-14.
Literacy rate
Punjab
Sindh
Khyber Pakhtunkhwa
Balochistan
61%
56%
53%
43%
Enrolment
41.1 million
(2012-13)
42.1 million
(2013-14)
2.4% 43.4 million
(2014-15)
estimated
Under Prime Minister's short-term skill“HunarmandPakistanProgram”
developmenttraininguptosix-monthdurationcourseswasconductedin
collaboration with public and private sector training institutes. It covers
four priority sectors including: Construction, Agriculture (Dairy &
Livestock), IT & Telecommunication and Skills for Women. So far, 116,776
traineeshavebeentrained.
2.1%
Pakistan Spends
GDP
of GDP on education sector
1.55 million
(2012-13)
1.53 million
(2013-14)
1.2% 1.57 million
(2014-15)
estimated
Teachers
Under Prime Minister's Fee Reimbursement Scheme for less developed
areas, Reimbursement to around 50,000 students of less developed areas
isbeingcarriedoutduring2014-15.
The Government of Pakistan has allocated Rs.
20.021 billion in PSDP 2014-15 for 191
development projects (136 ongoing and 55
new ) of HEC with main focus on Human
Resource Development through merit and
Needbasedscholarships.
Transport and
Communications
inland freight
92%
263,942 Km
Pakistan’s
road network
passenger traffic
96%
Railway
7,791 route kilometers
452 Locomotives
1,732 passenger coaches
15,948 freight wagons
During July-Dec, 2014-15,Telecom sector contributed 73.22 billion to the
national exchequer in terms of taxes etc. Cellular Mobile subscribers
reachedto134.9millionattheendofMarch,2015.
NHA Road Network
12,131 kms
39 national highways, motorways,
expressway and strategic roads

4. Poverty and
Social Safety Nets
pk.undp.org
Pakistan’s Energy Sector
Highlights of the
Pakistan Economic Survey 2014-15
Population, Labour force
and Employment
191.71
million(2015) estimated
Total population
3.2%
(2015)
3.2%
(2014)
Fertility rate
Life expectancy
women
66.9 years
67.3 years
(2014)
(2015)
men
64.9years
65.2years
(2014)
(2015)
1.95%
(2014)
1.92%
(2015)
Population growth rate
Urban population has increased from 72.50 million in 2014 to 75.19
million in 2015 while rural population has increased to 116.5 million from
115.5millionin2015.
CrudeBirthRatehasimprovedfrom26.4perthousandto
26.1 per thousand and Crude Death Rate has decreased
from6.90perthousandto6.80perthousandin2015.
The total labour force has reached at 60.09 million in 2013-14. The total
numberofpeopleemployedduring2013-14was56.52million
6.0%
6.2%
(2013-14)
(2014-15)
Unemployment rate
The share of employment in agriculture sector has decreased to 43.5
percentin2013-14ascomparedto43.7percentin2012-13.
The share of employment in transport sector has increased to 5.4 percent
in2013-14ascomparedto4.98percentin2012-13.
Theshareofemploymentintradesectorhasincreasedto14.58percentin
2013-14from14.39percentin2012-13
The government is fully committed to follow a sustained poverty
reduction strategy and allocate a minimum of 4.5 percent of GDP to social
andpovertyrelatedexpenditures.
Expenditure on pro-poor sectors
2010-11
2011-12
2012-13
2014-15
13.24%
11.55%
13.10%
14.16%
% of the GDP
Rs. 1,934.095
billion
2014-15
The present government increased BISP budgetary allocation to Rs. 97
billion in 2014-15 from Rs. 75 billion in 2013-14. Total expenditure of BISP
during the current scal year is projected to cross Rs. 90 billion. BISP is
expected to enroll 500,000 children in school during the current nancial
year under its Waseela-e-Taleem initiative. The government has
increased the monthly stipend under the Waseela-e-Taleem initiative to
Rs.250permonthperchildfromRs.200.
Today Pakistan is the world leading CNG user country with
morethan3millionNGVs(NaturalGasVehicles)plyingonthe
roads.The choice of conversion is mainly due to the fact that
prices of CNG is signi cantly less than petrol price. Currently
there are more than 3,414 CNG stations in the country
ful llingthefuelneedoftheNGVs.Natural Gas
The installed capacity of PEPCO system was 20,850 MW at
the end of June 2013 which has gone up to 22,104 MW by
the end of June 2014 with hydro and thermal capacities
occupying 7,097 MW and 15,007 MW respectively. Out of
aforementioned thermal capacity, 5,458 MW is owned by
ex-WAPDAGENCOs,650byPAECandrestbyIPPs/Rentals. Electricity
Thar Coal Projects have been enlisted as early harvest
projects by the CPEC (China-Pakistan Economic
Corridor), Sindh Engro Coal Mining Company (SECMS)
andSinoSindhResources(Pvt.)Limited(SSRL)havebeen
prioritized as top priority projects to be nanced by
Chinese institutions. Total power generation anticipated
fromthesethreeprojectsis2400MWby2018
There are almost thirty one (31) wind power IPPs (1810
MW) holding LOIs issued by AEDB are at various stages
of project development , Solar On May 5, 2015, the
Prime Minister inaugurated 100MW solar energy
project which will generate 100 MW electricity. ,
Biomass/Waste-to-Energyprojects.
Electricity
Coal
Energy
During July-March FY 2015, primary energy supplied increased to 50.9
millionTOEcomparedto48.8millionTOEshowingagrowthof4.4percent
whileenergyconsumptionincreasedto25.1millionTOEcomparedto24.6
millionTOEinsameperiodlastyearshowingagrowthof2.0percent
$15.5 billionworth of coal, wind, solar and hydro energy
projects by 2017 and when mature will add
10,400 megawatts
to Pakistan's national grid.
Jamshoro Power
Generation Project
which on completion in 2018, will add
1,300 megawatts
to Pakistan's electricity grid.
Reliability of the power distribution network is also being enhanced
throughtheinvestmentof$167.2milliontoupgrade284gridstations.
The World Bank also approved a nancing package from the
International Development Association (IDA) to help expand hydro-
electricity generation in Pakistan through the development of the
Dasu Hydropower Stage-I Project (DHP-I). The package consists of an
IDA Credit of $588.4 million and an IDA Partial Credit Guarantee (PCG)
of $460 million to help mobilize commercial nancing for the project.
DHP-I would have 2,160 megawatt (MW) hydropower plant on the
main Indus River, which can be expanded to 4,320 MW in future with
lessadditionalcost.