Despite challenges, the country's economy has performed well during July to May of outgoing fiscal year (2013-14) as suggested by major economic indicators including growth rate, inflation, foreign remittances, foreign exchange reserves, external trade and industrial growth, the data of the
Data, highlighting one year economic performance of the PML-N government, revealed that in 2013, the present government inherited some major challenges particularly terrorism, lawlessness, power shortage, economic mismanagement, rampant corruption, bad image of the country, unemployment and price hike.
"The foundation of the country had been shaken due to maladministration, rampant corruption in every sphere of life and inefficiency of the last fourteen years that had brought national institutions like PIA, Pakistan Steel, Railways and WAPDA on the verge of virtual collapse", it added.
The PML-N government under the leadership of Prime Minister
Similarly, budget deficit during JulyMay 2013-14 stood at around 4.2 percent (Provisional) as compared to 6.6 percent registered during same period of 2012-13.
The data further revealed that imports during July-April 2013-14 stood at US
The data further said that Consumer Price Index (Average Inflation) during July-May 2013-14 registered 8.66 percent compared to same period of 2012-13. Similarly, incorporation of companies during July-May 201314 were registered at 4,137 as compared to 3,587 registered during the same period of 2012-13 showing a growth of 15.33 percent. Large scale manufacturing (LSM) growth during the period from July to March 2013-14 remained 4.3 percent as compared to that of 3.5 percent during same period of 2012-13.
Likewise credit to private sector during July-May (2013-14) stood at
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