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Economic Survey will be launched on Thursday

ISLAMABAD (APP): The Economic Survey of Pakistan for the outgoing fiscal year 2015-16 is scheduled to be launched here on Thursday (June 02).

Federal Minister for Finance, Senator Muhammad Ishaq Dar would launch the pre-budget document, highlighting the overall performance of the government in economic sector during the outgoing fiscal year, providing a realistic feedback and basis for planning.

The survey will cover the development of all the important sectors of economy, including growth and investment, agriculture, manufacturing, mining, fiscal development, money & credit, capital markets, inflation, debt and liabilities.

The surveu will also highlight the performance of agriculture, education, health and nutrition, besides showing the overall population, labour force and employment, poverty, transport and communication and per capita income.

It will also highlihgt issues of environment, contingent liabilities, tax expenditure as well as economic and social indicators.

An official in the Ministry of Finance told APP that all arrangements have been finalized to launch the Economic Survey for 2015-16 on Thursday afternoon.

Meanwhile, the National Economic Council (NEC) chaired by Prime Minister Muhammad Nawaz Sharif through video link from London on May, 30 had already approved the Gross Domestic Product (GDP) growth target at 5.7 percent for the financial year 2016-17 while the government has achieved a GDP growth rate of 4.7 percent in the oputgong fiscal year.

The NEC also approved Rs 1,675 billion development outlay including Rs 800 billion as Federal Public Sector Development Programme (PSDP) and Rs 875 billion as provincial Annual Development Programme (ADP).

The Prime Minister had also directed that funds for projects being funded by the federal government should be allocated properly to priority projects in coordination with the provincial governments to ensure utilization of funds and to reduce chances of duplication.

It may be mentioned here that the government had also initiated US $ 46 billion China Pakistan Economic Corridor (CPEC) project with the help of China to further boost national economy, by developing energy and infrastructure projects for the benefit of the people of the entire country.