Pakistan Observer - - PAGE 07 -

to 2.79 pc dur­ing July-April FY 2016 com­pared to 4.81pc of the cor­re­spond­ing pe­riod last year.

The in­dus­trial sec­tor dur­ing FY 2016 recorded a re­mark­able growth of 6.8pc against the tar­get of 6.4pc and is all time high in eight years.

The con­struc­tion ac­tiv­i­ties also recorded an im­pres­sive growth of 13.10pc.

The LSM sec­tor which con­trib­ute 80pc in Man­u­fac­tur­ing and 51.8pc in in­dus­trial sec­tor also reg­is­tered an im­pres­sive growth of 4.70pc dur­ing July-March FY 2016 com­pared to 2.81pc of last year

The un­em­ploy­ment rate has seen a de­cline from 6.2pc in FY 2013 to 5.9pc in FY 2015.

The cap­i­tal mar­ket reach­ing his­tor­i­cal lev­els is an­other sign of in­vestor’s in­ter­est in Pak­istan’s econ­omy. Pak­istan stock ex­change is tak­ing a quan­tum leap and its mar­ket fun­da­men­tals are strong and all set to joint MSCI Emerg­ing Mar­ket In­dex in June 2016.

Un­der Crop Loan In­sur­ance Scheme an amount of Rs500m has been al­lo­cated for FY 2016. A num­ber of mea­sures which in­clude, Credit Guar­an­tee Scheme for Small and Marginal­ized farm­ers, Crop Loan in­sur­ance Scheme and Live­stock In­sur­ance Scheme have been taken as per agenda of the gov­ern­ment to pro­tect the farm­ers from va­garies of mar­ket fluc­tu­a­tions, and sup­port them in the face of nat­u­ral calami­ties.

Poverty rate has come down as es­ti­mated on both old and new methodology.

The lit­er­acy rate has also im­proved to 60pc in FY 2016 as com­pared to 58 pc in FY 2014.

Na­tional Health In­sur­ance pro­gramme has been launched where poor fam­i­lies will be pro­vided with free of cost health in­sur­ance to ac­cess se­condary as well as pri­mary diseases treat­ment with­out any fi­nan­cial obli­ga­tion. About 10 mil­lion peo­ple will be ben­e­fited from this in­sur­ance scheme in the first phase which will get free of cost med­i­cal treat­ment.

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