ISLAMABAD: The Economic Survey of Pakistan for the financial year 2011-12 was launched here Thursday.
Federal Minister for Finance, Dr.Abdul Hafeez Shaikh launched the pre- budget document, highlighting the over all performance of economy during the out-going fiscal year, providing a realistic feedback and basis for planning.
According to the report, The growth for the next fiscal year has been projected at 4.3 percent where as estimated growth rate for the ongoing year was 3.7 percent.
The Consumer Price Index Inflation is expected to be around 11 percent during the year as against 13.7 percent during the previous year.
The survey covers development of all the important sectors of economy, including growth and investment, agriculture, manufacturing, mining, fiscal development, money and credit, capital markets and inflation and debt and liabilities.
The minister outlined the three ways of measuring inflation: consumer price index, wholesale price index and the sensitive price index. “The average consumer price index this year was 10.8% as compared to last year’s 13.8%… The wholesale price index was 21% last year, but this year it was 11.2%. The sensitive price index was also brought down from