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{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 615}}{\sp{\sn geoBottom}{\sv 915}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;61;(210,476);(210,759);(211,816);(216,848);(233,878);
(270,889);(287,889);(287,915);(0,915);(0,889);(17,889);(57,878);(73,844);(76,814
);(77,759);(77,156);(76,99);(73,67);(55,37);(17,26);(0,26);(0,0);(287,0);(287,26
);(270,26);(231,37);(214,71);(211,99);(210,156);(210,416);(405,416);(405,156);(4
03,99);(400,67);(382,37);(345,26);(327,26);(327,0);(615,0);(615,26);(597,26);(55
7,37);(541,71);(538,99);(537,156);(537,759);(538,816);(541,848);(559,878);(597,8
89);(615,889);(615,915);(327,915);(327,889);(345,889);(383,878);(400,844);(403,8
14);(405,759);(405,476);(210,476)}}
{\sp{\sn pSegmentInfo}{\sv 2;123;16384;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft4066\shptop6046\shpright4354\shpbottom6961\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid11
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 288}}{\sp{\sn geoBottom}{\sv 915}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;30;(288,889);(288,915);(0,915);(0,889);(18,889);(56,8
78);(74,844);(76,814);(78,759);(78,156);(76,99);(74,67);(56,37);(18,26);(0,26);(
0,0);(288,0);(288,26);(270,26);(230,37);(215,71);(211,99);(210,156);(210,759);(2
11,816);(215,848);(232,878);(270,889);(288,889);(288,889)}}
{\sp{\sn pSegmentInfo}{\sv 2;61;16384;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft4407\shptop6023\shpright5010\shpbottom6984\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid12
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 603}}{\sp{\sn geoBottom}{\sv 961}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;64;(540,0);(540,324);(525,324);(490,207);(442,124);(3
85,71);(324,54);(268,68);(220,112);(185,180);(163,274);(146,485);(151,609);(165,
716);(189,802);(225,863);(270,897);(324,908);(364,901);(408,881);(408,691);(406,
646);(403,620);(385,592);(351,579);(336,579);(336,554);(603,554);(603,579);(577,
584);(561,593);(543,627);(541,650);(540,691);(540,881);(486,916);(429,941);(371,

956);(311,961);(240,952);(181,924);(133,884);(90,832);(26,702);(7,604);(0,492);(
5,394);(22,302);(49,219);(86,144);(133,82);(185,37);(243,9);(306,0);(381,12);(40
3,22);(438,42);(469,60);(486,67);(506,54);(516,34);(525,0);(540,0);(540,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;129;16384;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft5037\shptop6046\shpright5652\shpbottom6961\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid13
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 615}}{\sp{\sn geoBottom}{\sv 915}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;62;(210,476);(210,759);(211,816);(214,848);(232,878);
(268,889);(288,889);(288,915);(0,915);(0,889);(18,889);(56,878);(73,844);(76,814
);(78,759);(78,156);(76,99);(73,67);(55,37);(18,26);(0,26);(0,0);(288,0);(288,26
);(268,26);(230,37);(214,71);(211,99);(210,156);(210,416);(405,416);(405,156);(4
03,99);(398,67);(380,37);(345,26);(326,26);(326,0);(615,0);(615,26);(596,26);(55
8,37);(541,71);(536,99);(536,156);(536,759);(536,816);(541,848);(559,878);(596,8
89);(615,889);(615,915);(326,915);(326,889);(345,889);(382,878);(398,844);(403,8
14);(405,759);(405,476);(210,476);(210,476)}}
{\sp{\sn pSegmentInfo}{\sv 2;125;16384;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft5682\shptop6046\shpright6190\shpbottom6961\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid14
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 508}}{\sp{\sn geoBottom}{\sv 915}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;38;(508,594);(487,915);(0,915);(0,889);(18,889);(55,8
78);(71,844);(76,814);(78,759);(78,156);(76,99);(71,67);(53,37);(18,26);(0,26);(
0,0);(293,0);(293,26);(270,26);(229,37);(214,71);(210,99);(210,156);(210,739);(2
10,798);(214,829);(233,858);(250,863);(281,864);(328,864);(368,858);(401,839);(4
28,806);(451,758);(472,689);(492,594);(508,594);(508,594)}}
{\sp{\sn pSegmentInfo}{\sv 2;77;16384;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft6237\shptop6046\shpright6525\shpbottom6961\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid15

{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{


\sn geoRight}{\sv 288}}{\sp{\sn geoBottom}{\sv 915}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;30;(288,889);(288,915);(0,915);(0,889);(18,889);(57,8
78);(73,844);(76,814);(78,759);(78,156);(76,99);(73,67);(55,37);(18,26);(0,26);(
0,0);(288,0);(288,26);(270,26);(230,37);(214,71);(211,99);(210,156);(210,759);(2
11,816);(214,848);(232,878);(270,889);(288,889);(288,889)}}
{\sp{\sn pSegmentInfo}{\sv 2;61;16384;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft6577\shptop6023\shpright7182\shpbottom6984\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid16
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 605}}{\sp{\sn geoBottom}{\sv 961}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;64;(540,0);(540,324);(525,324);(490,207);(443,124);(3
85,71);(324,54);(268,68);(220,112);(186,180);(163,274);(147,485);(152,609);(165,
716);(190,802);(227,863);(272,897);(324,908);(365,901);(408,881);(408,691);(407,
646);(403,620);(385,592);(351,579);(336,579);(336,554);(605,554);(605,579);(579,
584);(563,593);(545,627);(542,650);(540,691);(540,881);(486,916);(430,941);(372,
956);(310,961);(240,952);(182,924);(133,884);(90,832);(28,702);(8,604);(0,492);(
6,394);(23,302);(50,219);(87,144);(133,82);(186,37);(243,9);(306,0);(381,12);(40
5,22);(438,42);(471,60);(486,67);(507,54);(516,34);(525,0);(540,0);(540,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;129;16384;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft7207\shptop6046\shpright7822\shpbottom6961\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid17
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 615}}{\sp{\sn geoBottom}{\sv 915}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;62;(210,476);(210,759);(212,816);(215,848);(233,878);
(270,889);(288,889);(288,915);(0,915);(0,889);(18,889);(57,878);(73,844);(77,814
);(78,759);(78,156);(77,99);(73,67);(55,37);(18,26);(0,26);(0,0);(288,0);(288,26
);(270,26);(231,37);(215,71);(212,99);(210,156);(210,416);(405,416);(405,156);(4
03,99);(400,67);(383,37);(345,26);(327,26);(327,0);(615,0);(615,26);(597,26);(55
8,37);(542,71);(538,99);(537,156);(537,759);(538,816);(542,848);(560,878);(597,8
89);(615,889);(615,915);(327,915);(327,889);(345,889);(383,878);(400,844);(403,8
14);(405,759);(405,476);(210,476);(210,476)}}
{\sp{\sn pSegmentInfo}{\sv 2;125;16384;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume

nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}


}}
{\shp {\*\shpinst\shpleft7865\shptop6046\shpright8360\shpbottom6961\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid18
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 495}}{\sp{\sn geoBottom}{\sv 915}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;34;(495,0);(495,247);(480,247);(467,174);(452,123);(4
32,90);(409,64);(387,56);(355,52);(314,52);(314,759);(315,816);(319,848);(337,87
8);(374,889);(392,889);(392,915);(104,915);(104,889);(122,889);(161,878);(177,84
4);(180,814);(182,759);(182,52);(143,52);(95,61);(60,91);(32,157);(17,247);(0,24
7);(0,0);(495,0);(495,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;69;16384;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45
824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
{\shp {\*\shpinst\shpleft8434\shptop6023\shpright8820\shpbottom6984\shpfhdr0\shp
bxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz819\shplid19
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 386}}{\sp{\sn geoBottom}{\sv 961}}{\sp{\sn shapePath}{\sv 4}}
{\sp{\sn pVerticies}{\sv 8;68;(346,0);(351,307);(335,307);(315,203);(278,122);(2
53,90);(230,69);(177,53);(141,62);(113,89);(93,129);(87,174);(96,229);(133,290);
(165,322);(222,369);(303,447);(353,519);(376,594);(386,680);(372,787);(331,877);
(303,912);(270,939);(234,954);(195,961);(146,952);(88,919);(56,905);(33,919);(13
,961);(0,961);(0,612);(13,612);(41,742);(84,836);(110,871);(136,894);(163,908);(
193,912);(234,902);(266,871);(286,827);(293,776);(283,713);(251,654);(222,623);(
176,584);(113,527);(68,479);(18,383);(5,326);(0,264);(12,164);(50,79);(73,45);(1
03,20);(135,5);(170,0);(222,12);(268,42);(293,59);(308,65);(324,54);(330,35);(33
5,0);(346,0);(346,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;137;16384;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;45824;1;4
5824;1;45824;1;45824;32768}}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn lineWidth}{\sv 12026}
}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocume
nt}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}
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..\tab \up0 \expndtw-3\charscalex100 .. 3\par\pard\li1799\sb0\sl-253\slmult0\par
\pard\li1799\sb1\sl-253\slmult0\fi0\tldot\tx9935 \up0 \expndtw-3\charscalex100 4
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lt0\par\pard\li1799\sb1\sl-253\slmult0\fi0\tldot\tx9881 \up0 \expndtw-3\charscal
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0 . 7\par\pard\li1799\sb253\sl-253\slmult0\fi0\tldot\tx9881 \up0 \expndtw-3\char


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t0\fi0\tldot\tx9881 \up0 \expndtw-3\charscalex100 10.\ul0\nosupersub\cf5\f6\fs22
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8\par\pard\li1799\sb0\sl-253\slmult0\par\pard\li1799\sb1\sl-253\slmult0\fi0\tld
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mult0\par\pard\li1799\sb1\sl-253\slmult0\fi0\tldot\tx9770 \up0 \expndtw-3\charsc
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lt0\par\pard\li1799\sb1\sl-253\slmult0\fi0\tldot\tx9771 \up0 \expndtw-3\charscal
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expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charsc


alex104 \ul0\nosupersub\cf6\f7\fs24 The commodity producing sector has performed
much better in outgoing fiscal year as \line\tab \up0 \expndtw-2\charscalex100
compared to last year; its growth rate is 3.28 percent against 1.47 percent last
year. \par\pard\ql \li1440\sb127\sl-276\slmult0\tx1800 \up0 \expndtw0\charscale
x80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\nosu
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celerating growth of 3.18 percent compared to a negative \line\tab \up0 \expndt
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ton, Sugarcane and Rice \line \tab \up0 \expndtw0\charscalex100 witnessed growth
in production of 18.6 percent, 4.9 percent and 27.7 percent respectively. \line
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f 6.7 percent mainly due to 2.6 percent \line \tab \up0 \expndtw-4\charscalex1
00 decline in area under cultivation, sowing was also delayed because of late re
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sb123\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf
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3.97\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 perc
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l0\nosupersub\cf6\f7\fs24 Fisheries sector witnessed a growth of 1.78 percent ag
ainst the growth of 1.94 percent last\par\pard\li1440\sb0\sl-276\slmult0\fi360 \
up0 \expndtw-1\charscalex100 year.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx18
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tw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Forestry recorded growth at 0.95 p
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l-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 year.\par\pard\li1440\sb120\sl
-276\slmult0\fi0\tx1800\tx4610 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf1
1\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Indus
trial sector contains\tab \up0 \expndtw-1\charscalex100 25.4 percent of GDP
having sub sectors: manufacturing,\par\pard\li1440\sb0\sl-276\slmult0\fi360
\up0 \expndtw-1\charscalex100 construction, mining & quarrying and electricity
and gas distribution.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expn
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\expndtw-3\charscalex100 1.05 percent in July-March 2011-12 as against 0.98 per
cent last year. \par\pard\li1440\sb127\sl-276\slmult0\fi0\tx1800 \up0 \expndtw0\
charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \

ul0\nosupersub\cf6\f7\fs24 Construction Sector has shown 6.46 percent growth as


compared to negative growth of 7.09\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up
0 \expndtw0\charscalex100 percent in last year.\par\pard\li1440\sb120\sl-276\slm
ult0\fi0\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab
\up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Mining and Quarrying\u
l0\nosupersub\cf10\f11\fs24 \ul0\nosupersub\cf6\f7\fs24 sector recorded positiv
e growth of 4.38 percent during the year\par\pard\li1440\sb0\sl-276\slmult0\fi3
60 \up0 \expndtw0\charscalex100 2011-12 against the negative growth of 1.28 perc
ent last year.\par\pard\li1440\sb119\sl-276\slmult0\fi0\tx1800 \up0 \expndtw0\ch
arscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul
0\nosupersub\cf6\f7\fs24 Electricity and gas distribution witnessed a growth of
-1.62 percent against the growth of\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up
0 \expndtw0\charscalex100 -7.25 percent last year.\par\pard\qj \li1440\ri1188\sb
99\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11
\f12\fs24 ` \tab \up0 \expndtw0\charscalex103 \ul0\nosupersub\cf6\f7\fs24 The Se
rvices sector has registered a growth rate of 4.02 percent in 2011-12 against
the \line\tab \up0 \expndtw0\charscalex103 growth of 4.45 percent in the last y
ear. This performance is dominated by Finance and \par\pard\ql \li6060\sb224\sl276\slmult0 \up0 \expndtw-3\charscalex100 1
{\shp {\*\shpinst\shpleft1410\shptop1439\shpright10830\shpbottom1484\shpfhdr0\sh
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{\shp {\*\shpinst\shpleft1410\shptop1939\shpright10830\shpbottom1983\shpfhdr0\sh
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{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 9420}}{\sp{\sn geoBottom}{\sv 44}}
{\sp{\sn pVerticies}{\sv 8;4;(0,44);(9420,44);(9420,0);(0,0)}}
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{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 835571
1}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g4}{\bkmkend Pg4}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\sb0
\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\charsca
lex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey 20
11-12 \par\pard\qj \li1800\ri1248\sb189\sl-270\slmult0 \up0 \expndtw0\charscalex
100 Insurance at 6.53 percent, Social and Community Services 6.77 percent and Wh
olesale and \up0 \expndtw0\charscalex105 Retail Trade 3.58 percent. The contrib
ution of transport, storage and communication is \up0 \expndtw-3\charscalex100 e
stimated at 1.25 percent. \par\pard\ql \li1440\sb126\sl-276\slmult0\tx1800\tx706
1 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw
-4\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Private consumption expenditure
has increased to \tab \up0 \expndtw-3\charscalex100 75 percent of GDP; whe
reas public \par\pard\qj \li1800\ri1246\sb1\sl-280\slmult0 \up0 \expndtw0\chars
calex103 consumption expenditures is 13 percent of GDP. Total consumption has r
eached 88.35 \up0 \expndtw-2\charscalex100 percent of GDP in fiscal year 2011-1
2 as compared to 83 percent in the last fiscal year. \par\pard\qj \li1440\ri1188
\sb101\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\
cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Re

al private consumption grew at 11.6 percent in 2011-12 as compared to 3.7 percen


t last \line\tab \up0 \expndtw-3\charscalex100 year. Whereas, real government co
nsumption grew at 8.2 percent in 2011-12 as compared to \par\pard\ql \li1800\sb4
\sl-276\slmult0 \up0 \expndtw-3\charscalex100 5.2 percent last year. \par\pard\l
i1440\sb128\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-2\charscalex100 \ul0\nosuper
sub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs2
4 Per capita real income grew at 2.33 percent in 2011-12 as compared to 1.33 per
cent growth\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex1
00 in last year. In dollar term it increased from $ 1258 to $ 1372 in 2011-12.\p
ar\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-2\charscalex100 \ul
0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\c
f6\f7\fs24 Total investment has declined from 13.1 percent of GDP to 12.5 percen
t of GDP in 2011-12\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-2\cha
rscalex100 as compared to last year.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx
1800 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \exp
ndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Fixed investment has declined t
o 10.9 percent of GDP in 2011-12 from 11.5 percent of GDP\par\pard\li1440\sb0\sl
-276\slmult0\fi360 \up0 \expndtw-2\charscalex100 as compared to last year.\par\p
ard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-2\charscalex100 \ul0\no
supersub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf6\f
7\fs24 Private investment witnessed a contraction of 7.9 percent of GDP in 201112 as compared to\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-2\chars
calex100 8.6 percent of GDP last year.\par\pard\li1440\sb120\sl-276\slmult0\fi0\
tx1800 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \e
xpndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Public investment as a percen
t of GDP increased to 3.0 percent in 2011-12 against the 2.9\par\pard\li1440\sb0
\sl-276\slmult0\fi360 \up0 \expndtw-2\charscalex100 percent last year.\par\pard\
li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-2\charscalex100 \ul0\nosupe
rsub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs
24 National Savings are 10.7 percent of GDP in 2011-12 as compared to 13.2 pe
rcent in\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-2\charscalex100
2010-11.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-2\charsca
lex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\no
supersub\cf6\f7\fs24 Foreign Direct Investment in Pakistan stood at $ 666.8 mill
ion during July-April 2011-12 as\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \
expndtw-2\charscalex100 against $ 1292.9 million last year.\par\pard\qj \li1440\
ri1189\sb109\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosup
ersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex103 \ul0\nosupersub\cf6\f7\f
s24 Worker\u8217?s Remittances has increased to $ 10,876.99 million in July-Apri
l of 2011-12, as \line\tab \up0 \expndtw-2\charscalex100 against $ 9,046.61 mill
ion in the comparable period of last year, posted a positive growth of \par\pard
\ql \li1800\sb4\sl-276\slmult0 \up0 \expndtw-5\charscalex100 20.23 percent. \par
\pard\ql \li1440\sb0\sl-276\slmult0 \par\pard\ql\li1440\sb108\sl-276\slmult0 \up
0 \expndtw-3\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Agriculture \par\pard\q
j \li1440\ri1247\sb141\sl-280\slmult0\tx1800 \up0 \expndtw0\charscalex103 \ul0\n
osupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs2
4 The agriculture growth this year stood at 3.1 percent as compared to 2.4 per
cent during \line\tab \up0 \expndtw-5\charscalex100 2010-11. \par\pard\qj \li144
0\ri1247\sb101\sl-280\slmult0\tx1800 \up0 \expndtw-3\charscalex100 \ul0\nosupers
ub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Cot
ton production has increased to 13,595 thousand bales in 2011-12 from 11,460 tho
usand \line\tab \up0 \expndtw-4\charscalex100 bales in 2010-11 showing an increa
se of 18.6 percent. \par\pard\qj \li1440\ri1246\sb121\sl-280\slmult0\tx1800 \up0
\expndtw-2\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\
fs24 \ul0\nosupersub\cf6\f7\fs24 Wheat production has decreased to 23,517 tho
usand tons in 2011-12 from 25,214 thousand \line\tab \up0 \expndtw-3\charscalex1
00 tons in 2010-11 showing a decrease of 6.7 percent. \par\pard\qj \li1440\ri121
1\sb137\sl-260\slmult0\tx1800 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf11
\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Rice produ
ction has increased to 6,160 thousand tons in 2011-12 from 4,823 thousand tons i

n \line\tab \up0 \expndtw-5\charscalex100 2010-11 showing an increase of 27.7 pe


rcent. \par\pard\qj \li1440\ri1248\sb124\sl-280\slmult0\tx1800 \up0 \expndtw-4\c
harscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\no
supersub\cf6\f7\fs24 Sugarcane production has increased by 4.9 percent to 58.0
million tons in 2011-12 from 55.3 \line\tab \up0 \expndtw-5\charscalex100 milli
on tons last year. \par\pard\ql \li6060\sb0\sl-276\slmult0 \par\pard\ql\li6060\s
b0\sl-276\slmult0 \par\pard\ql\li6060\sb152\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 2
{\shp {\*\shpinst\shpleft1410\shptop1292\shpright10830\shpbottom1312\shpfhdr0\sh
pbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz16\shplid0
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
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{\sp{\sn pVerticies}{\sv 8;4;(0,20);(9420,20);(9420,0);(0,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;10;16384;45824;1;45824;1;45824;1;45824;24577;32768}
}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 0}}{\s
p{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\s
p{\sn fBehindDocument}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g5}{\bkmkend Pg5}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\sb0
\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\charsca
lex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey 20
11-12 \par\pard\li1440\sb184\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-3\charscale
x100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-2\charscalex100 \ul0\nosu
persub\cf6\f7\fs24 Gram production has decreased to 291 thousand tons in 2011-12
, from 496 thousand tons in\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expnd
tw-3\charscalex100 2010-11 showing a decrease of 41.3 percent.\par\pard\li1440\s
b120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf1
1\f12\fs24 `\tab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Maize
production has increased to 4,271 thousand tons in 2011-12 from 3,707 thousand
tons\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-3\charscalex100 in 2
010-11, showing an increase of 15.2 percent.\par\pard\qj \li1440\ri1188\sb113\sl
-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\
fs24 ` \tab \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf6\f7\fs24 In minor cr
ops, the production of mung and potatoes increased by 22.0 percent and 17.5 \lin
e\tab \up0 \expndtw0\charscalex102 percent, respectively. However, the productio
n of chillies, onion and masoor decreased by \par\pard\ql \li1800\sb1\sl-255\slm
ult0 \up0 \expndtw-3\charscalex100 78.3 percent, 15.4 percent and 12.8 percent,
respectively. \par\pard\ql \li1440\sb128\sl-276\slmult0\tx1800 \up0 \expndtw0\ch
arscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\charscalex100 \u
l0\nosupersub\cf6\f7\fs24 Agriculture credit disbursement of Rs. 197.4 billion d
uring July-March 2011-12 is higher by \par\pard\ql \li1800\sb4\sl-276\slmult0 \u
p0 \expndtw-2\charscalex100 17.0 percent, as compared to Rs. 168.7 billion over
the same period last year. \par\pard\qj \li1440\ri1189\sb121\sl-280\slmult0\tx18
00\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0
\expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The total availability of ur
ea during Rabi 2011-12 was 3,526 thousand tonnes comprising of \line\tab \up0 \e
xpndtw-1\charscalex100 domestic production \up0 \expndtw-1\charscalex100 2,160
thousand tonnes and imported supplies of \up0 \expndtw-1\charscalex100 1,2
02 thousand \par\pard\qj \li1800\ri1247\sb0\sl-276\slmult0 \up0 \expndtw-2\char
scalex100 tonnes.The total offtake was 2,710 thousand tonnes, leaving a stock of
800 thousand tonnes \up0 \expndtw-1\charscalex100 for next season. Likewise the
total estimated availability of urea during Kharif 2012 will be \up0 \expndtw0\
charscalex102 around 3487 thousand tonnes comprising 800 thousand tonnes of o
pening stock, 2280 \up0 \expndtw-1\charscalex100 thousand tonnes of domestic pr
oduction and 407 thousand tonnes of imported supplies.The \up0 \expndtw0\charsca
lex100 total offtake is estimated around 3200 thousand tonnes during Kharif 2012
leaving a stock \up0 \expndtw-5\charscalex100 around 287 thousand tonnes. \par\
pard\ql \li1440\ri1188\sb108\sl-277\slmult0\tx1800\tx1800\tx1800\tx1800\tx1800\t

x1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\


fs24 ` \tab \up0 \expndtw0\charscalex103 \ul0\nosupersub\cf6\f7\fs24 The Rabi 20
11-12 started with 224 thousand tonnes of DAP as opening stock. The total \line\
tab \up0 \expndtw0\charscalex100 availability of DAP was 758 thousand tonnes inc
luding 271 thousand tonnes of imported \line \tab \up0 \expndtw-1\charscalex100
supplies and 263 thousand tonnes of domestic production. The offtake of DAP duri
ng Rabi \line \tab \up0 \expndtw0\charscalex102 2011-12 was about 572 thousand t
onnes leaving behind 177 thousand tonnes of opening \line \tab \up0 \expndtw0\ch
arscalex103 stock for Kharif 2012.Likewise estimated DAP availability during Kh
arif 2012 will be \line \tab \up0 \expndtw-3\charscalex100 around 838 thousand
tonnes comprising 177 thousand tonnes of opening stock, 361 thousand \line \tab
\up0 \expndtw-2\charscalex100 tonnes of domestic production and 300 thousand ton
nes of imported supplies. The estimated \line \tab \up0 \expndtw0\charscalex102
demand is around 620 thousand tonnes during Kharif 2012, which reflects comfor
table \line \tab \up0 \expndtw-5\charscalex100 situation. \par\pard\ql \li1440\s
b0\sl-276\slmult0 \par\pard\ql\li1440\sb108\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf10\f11\fs24 Large Scale Manufacturing \par\pard\ql \l
i1440\ri1247\sb269\sl-270\slmult0\tx1800\tx1800 \up0 \expndtw-2\charscalex100 \u
l0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7
\fs24 During the first nine months of the current fiscal year 2011-12, Large S
cale Manufacturing \line\tab \up0 \expndtw0\charscalex100 (LSM) posted a growth
of 1.05 percent as compared to growth of 0.98\ul0\nosupersub\cf10\f11\fs24 \ul0
\nosupersub\cf6\f7\fs24 percent during the \line \tab \up0 \expndtw-3\charscalex
100 same period last year. \par\pard\ql \li1440\ri1247\sb122\sl-280\slmult0\tx18
00\tx1800\tx1800 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\u
l0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The groups wise showing
increase included: Pharmaceutical (10.9 percent), Paper and Board \line\tab \up
0 \expndtw-3\charscalex100 (8.4 percent), Wood Product (7.4 percent), Food Bever
ages and Tobacco (6.5 percent), Non-\line \tab \up0 \expndtw0\charscalex102 meta
llic mineral Products (2.9 percent), Leather Product (1.8 percent) and Textile
(0.8 \line \tab \up0 \expndtw-5\charscalex100 percent). \par\pard\qj \li1440\r
i1248\sb101\sl-280\slmult0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\
cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Items
wise contribution in Large Scale Manufacturing indicates growth in Generating Se
ts \line\tab \up0 \expndtw-2\charscalex100 (143.9 percent), Blankets \up0 \exp
ndtw-2\charscalex100 (109.9 percent), Electric Transformer \up0 \expndtw-2\ch
arscalex100 (31.2 percent), Heavy \par\pard\qj \li1800\ri1247\sb6\sl-273\slmul
t0 \up0 \expndtw0\charscalex102 Machinery & equipments (21.0 percent), Sugarcane
Machine (19.2 percent), Sugar (15.3 \up0 \expndtw-1\charscalex100 percent), Liq
uids/Syrups (14.1 percent), Tea blended (13.3 percent), Tablets (10.7 percent),
\up0 \expndtw-3\charscalex100 Jeeps & Cars (8.8 percent), Footwear (6.2 percent)
, LPG (3.4 percent), Cement (2.9 percent) \up0 \expndtw-4\charscalex100 and Suga
r (15.3 percent). \par\pard\ql \li6060\sb0\sl-276\slmult0 \par\pard\ql\li6060\sb
0\sl-276\slmult0 \par\pard\ql\li6060\sb53\sl-276\slmult0 \up0 \expndtw-3\charsca
lex100 3
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\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\charsca
lex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey 20

11-12 \par\pard\qj \li1440\ri1248\sb198\sl-260\slmult0\tx1800 \up0 \expndtw-4\ch


arscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nos
upersub\cf6\f7\fs24 Automotive Industry such as Buses, Cars, LCVs and two/thre
e wheelers managed significant \line\tab \up0 \expndtw-4\charscalex100 growth at
23 percent, 9.1 percent, 5.7 percent and 3.1 percent respectively as compared t
o -\par\pard\ql \li1800\sb7\sl-276\slmult0 \up0 \expndtw-2\charscalex100 24.7 pe
rcent, 16.4 percent, 23.3 percent and 12.6 percent during the same period last y
ear. \par\pard\ql \li1440\ri1247\sb121\sl-280\slmult0\tx1800\tx1800 \up0 \expndt
w0\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul
0\nosupersub\cf6\f7\fs24 Mining and quarrying sector 4.4 percent in 2011-12 as
against -1.3 percent last year. The \line\tab \up0 \expndtw-3\charscalex100 mai
n contribution to this modest performance came from Chromite, Flourite, Bauxite,
Chalk \line \tab \up0 \expndtw-4\charscalex100 and Natural gas which posted a p
ositive growth of 591.5 percent, 111.3 percent, 82.2 percent, \par\pard\ql \li18
00\sb1\sl-255\slmult0 \up0 \expndtw-4\charscalex100 82.2 percent and 4.0 percent
respectively during the current financial year. \par\pard\ql \li1440\sb0\sl-276
\slmult0 \par\pard\ql\li1440\sb132\sl-276\slmult0 \up0 \expndtw-5\charscalex100
\ul0\nosupersub\cf10\f11\fs24 Fiscal Development \par\pard\qj \li1440\ri1247\sb1
58\sl-260\slmult0\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f12\f
s24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Fiscal deficit i
s recorded at 5.0 percent during July-March 2011-12 as compared to 5.5 \line\
tab \up0 \expndtw-5\charscalex100 percent last year. \par\pard\ql \li1440\ri1247
\sb124\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw-1\charscalex100 \ul0\no
supersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24
The government is focused on prudent expenditure management and bett
er resource \line\tab \up0 \expndtw0\charscalex100 mobilization to create fisca
l space for providing support to growth. Additional efforts are \line \tab \up0
\expndtw-2\charscalex100 being made to manage the fiscal deficit within
the acceptable level through austerity \line \tab \up0 \expndtw-5\charscalex
100 measures and reforms in public sector enterprises. \par\pard\ql \li1440\ri12
46\sb101\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw-3\charscalex100 \ul0\
nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs
24 The government has also announced various tax policy measures thro
ugh Presidential \line\tab \up0 \expndtw-3\charscalex100 Ordinance to generate
additional revenues. Through a combination of Presidential Ordinance \line \tab
\up0 \expndtw-3\charscalex100 and withdrawal of SRO base exemptions, amendments
have been made in the Sales Tax Act \line \tab \up0 \expndtw-5\charscalex100 199
0, Income Tax Ordinance 2001 and Federal Excise Act 2005. \par\pard\ql \li1440\s
b0\sl-276\slmult0 \par\pard\ql\li1440\sb108\sl-276\slmult0 \up0 \expndtw-5\chars
calex100 The following tax measures have been taken through these amendments:-\p
ar\pard\li2030\sb0\sl-276\slmult0\par\pard\li2030\sb23\sl-276\slmult0\fi65\tx252
0 \up0 \expndtw-1\charscalex100 i.\tab \up0 \expndtw-1\charscalex100 Levy of 15
percent surcharge on income and advance taxes\par\pard\li2030\sb119\sl-276\slmul
t0\fi32\tx2520 \up0 \expndtw-1\charscalex100 ii.\tab \up0 \expndtw0\charscalex10
0 Increase the rate of special excise duty from 1 percent to 2.5 percent, howeve
r Special\par\pard\li2030\sb0\sl-276\slmult0\fi489 \up0 \expndtw-1\charscalex100
excise duty was abolished in 2011-12.\par\pard\li2030\sb120\sl-276\slmult0\fi0\
tx2520 \up0 \expndtw-1\charscalex100 iii.\tab \up0 \expndtw0\charscalex100 Withd
rawal of special regime of assessable price for levy of GST at 8 percent on\par\
pard\li2030\sb0\sl-276\slmult0\fi489 \up0 \expndtw-1\charscalex100 actual value
of sugar.\par\pard\qj \li2036\ri1247\sb103\sl-280\slmult0\tx2520 \up0 \expndtw-3
\charscalex100 iv.\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Rem
oval of SRO based exemptions from fertilizer, pesticides, tractor and eliminatio
n \line\tab \up0 \expndtw-5\charscalex100 of zero rating from plants, machinery
and equipment. \par\pard\qj \li2070\ri1247\sb121\sl-280\slmult0\tx2520 \up0 \exp
ndtw0\charscalex100 v.\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24
Restriction of zero rating to registered person for export of textile, leather,
carpets, \line\tab \up0 \expndtw-5\charscalex100 sports goods and surgical good
s. \par\pard\ql \li2036\ri1248\sb101\sl-280\slmult0\tx2520\tx2520 \up0 \expndtw0
\charscalex102 vi.\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The

withdrawal of exemptions and the left over amount of 15 percent flood relief \l
ine\tab \up0 \expndtw0\charscalex103 surcharge contributed an additional amount
of around Rs 50 billion during July-\line \tab \up0 \expndtw-5\charscalex100 Ma
rch, 2011-12. \par\pard\qj \li1440\sb0\sl-260\slmult0 \par\pard\qj\li1440\ri1188
\sb157\sl-260\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\
cf11\f12\fs24 ` \tab \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf6\f7\fs24 T
ax collection by the FBR was targeted at Rs 1952.3 billion for fiscal year 201112. Revenue \line\tab \up0 \expndtw-4\charscalex100 collections of FBR stood at
Rs 1426.0 billion during July-April 2011-12, thereby reflecting \par\pard\qj \li
1800\ri1247\sb4\sl-280\slmult0 \up0 \expndtw0\charscalex100 24.0 percent growth
over Rs 1149.8 billion collected during the corresponding period last \up0 \expn
dtw0\charscalex100 year. Among the four federal taxes, the highest growth 33.7 p
ercent has been recorded in \up0 \expndtw-2\charscalex100 sales tax receipts, fo
llowed by customs 17.7 percent, and direct tax 22.6 percent. It does not \up0 \e
xpndtw-5\charscalex100 include Rs. 19 billion collected by Sindh province on GST
on Services. \par\pard\ql \li6060\sb0\sl-276\slmult0 \par\pard\ql\li6060\sb68\s
l-276\slmult0 \up0 \expndtw-3\charscalex100 4
{\shp {\*\shpinst\shpleft1410\shptop1292\shpright10830\shpbottom1312\shpfhdr0\sh
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{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 9420}}{\sp{\sn geoBottom}{\sv 20}}
{\sp{\sn pVerticies}{\sv 8;4;(0,20);(9420,20);(9420,0);(0,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;10;16384;45824;1;45824;1;45824;1;45824;24577;32768}
}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 0}}{\s
p{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\s
p{\sn fBehindDocument}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g7}{\bkmkend Pg7}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\sb0
\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\charsca
lex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey 20
11-12 \par\pard\qj \li1440\ri1248\sb198\sl-260\slmult0\tx1800 \up0 \expndtw0\cha
rscalex100 \ul0\nosupersub\cf12\f13\fs22 `\ul0\nosupersub\cf5\f6\fs22 \ul0\nosu
persub\cf6\f7\fs24 For July-April, 2012, direct taxes have been a major source
of FBR tax revenue collection, \line\tab \up0 \expndtw-2\charscalex100 contribu
ting 37.0 percent of total receipts. Net collection was estimated at \ul0\nosupe
rsub\cf3\f4\fs22 Rs. 528.9 billion. \par\pard\qj \li1440\ri1248\sb124\sl-280\slm
ult0\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nos
upersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Indirect taxes grew by 24.9 p
ercent during July-April, 2012 and accounted for 62.9 percent \line\tab \up0 \ex
pndtw-2\charscalex100 of the total FBR tax revenue. Net collection was estimated
at Rs.897.2 billion. \par\pard\ql \li1440\ri1244\sb129\sl-270\slmult0\tx1800\tx
1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub
\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Total expenditure of Rs. 3721.2 bill
ion was estimated for the full year, comprising of Rs. \line\tab \up0 \expndtw0\
charscalex100 2976.3 billion of current expenditure (80% of total), and Rs. 744.
9 billion of development \line \tab \up0 \expndtw-3\charscalex100 expenditure an
d net lending (20 % of total). \par\pard\ql \li1440\ri1247\sb122\sl-280\slmult0\
tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f12\fs24
`\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 During July-March, 2
011-12 total expenditures amounted to Rs 2641.9 billion against Rs \line\tab \up
0 \expndtw-1\charscalex100 2262.6 billion in the same period last year. Current
expenditures stood at Rs 2154.1 billion \line \tab \up0 \expndtw-3\charscalex100
and development expenditures and net lending recorded at Rs 428 billion during
July-March, \line \tab \up0 \expndtw-4\charscalex100 2011-12. \par\pard\ql \li14
40\ri1248\sb101\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw-2\charscalex10
0 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf
6\f7\fs24 Total revenues reached to Rs 1747.0 billion during July-March, 201112 against Rs 1495.3 \line\tab \up0 \expndtw0\charscalex102 billion in the same

period of last year. Within Revenues tax revenues stood at Rs 1379.2 \line \tab
\up0 \expndtw-2\charscalex100 billion including Rs. 1,321.5 billion of Federal a
nd Rs 57.6 billion of provinces, and non tax \line \tab \up0 \expndtw-4\charscal
ex100 revenues remained at Rs. 367.9 billion during the same period of fiscal ye
ar 2011-12. \par\pard\ql \li1440\sb0\sl-276\slmult0 \par\pard\ql\li1440\sb108\sl
-276\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Money a
nd Credit \par\pard\qj \li1440\ri1187\sb141\sl-280\slmult0\tx1800\tx1800 \up0 \e
xpndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-3\charsc
alex100 \ul0\nosupersub\cf6\f7\fs24 SBP lowered the discount rate by cumulative
200 bps points to 12 percent during first half of \line\tab \up0 \expndtw-3\char
scalex100 fiscal year 2011-12, to assist in boosting the private sector credit a
nd investment. \par\pard\qj \li1440\ri1188\sb137\sl-260\slmult0\tx1800\tx1800 \u
p0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-4\c
harscalex100 \ul0\nosupersub\cf6\f7\fs24 Broad Money (M2) witnessed an expansion
of 9.09 percent during July-11\ul0\super\cf13\f14\fs23 th \ul0\nosupersub\cf6\f
7\fs24 May, 2011-12 as \line\tab \up0 \expndtw-5\charscalex100 compared to 11.47
percent during the same period in 2010-11. \par\pard\ql \li1440\ri1188\sb124\sl
-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf
11\f12\fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Net
Domestic Assets (NDA) during July-11\ul0\super\cf13\f14\fs23 th\ul0\nosupersub\
cf6\f7\fs24 May, 2012 stood at Rs 880.9 billion against Rs \line\tab \up0 \expnd
tw-4\charscalex100 481.6 billion during the same period last year, reflecting an
increase of 14.89 percent over the \line \tab \up0 \expndtw-5\charscalex100 las
t year. \par\pard\ql \li1440\ri1188\sb129\sl-270\slmult0\tx1800\tx1800\tx1800 \u
p0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\c
harscalex100 \ul0\nosupersub\cf6\f7\fs24 On the other hand Net Foreign Assets (N
FA) of the banking system during the period under \line\tab \up0 \expndtw0\chars
calex102 review declined to Rs 272.2 billion as compared to an increase of Rs 18
1.1 billion in the \line \tab \up0 \expndtw-3\charscalex100 same period of 201011. \par\pard\li1440\sb135\sl-276\slmult0\fi0\tx1800\tx8217 \up0 \expndtw0\chars
calex102 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex102 \ul0\n
osupersub\cf6\f7\fs24 The credit to private sector witnessed a net increase of R
s.\tab \up0 \expndtw0\charscalex102 234.8 billion during July\par\pard\li1440\s
b0\sl-276\slmult0\fi360 \up0 \expndtw0\charscalex103 2011-11\ul0\super\cf13\f14\
fs23 th\ul0\nosupersub\cf6\f7\fs24 May, 2012 as compared to Rs 107.8 billion in
the same period last year.\par\pard\ql \li1440\sb119\sl-276\slmult0\tx1800 \up0
\expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 The weighted average lending rate (includin
g zero mark-up) on outstanding loans stood at \par\pard\qj \li1800\ri1249\sb0\sl
-280\slmult0 \up0 \expndtw-3\charscalex100 12.80 percent while the weighted aver
age deposit rate (including zero mark-up) stood at 6.98 \up0 \expndtw-4\charscal
ex100 percent in March 2012. \par\pard\ql \li1440\ri1187\sb106\sl-275\slmult0\tx
1800\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf1
1\f12\fs24 ` \tab \up0 \expndtw0\charscalex103 \ul0\nosupersub\cf6\f7\fs24 Gover
nment borrowing from the banking system for budgetary support and commodity \lin
e\tab \up0 \expndtw0\charscalex103 operations stood at Rs 1,003.3 billion during
July-11\ul0\super\cf13\f14\fs23 th\ul0\nosupersub\cf6\f7\fs24 May, 2011-12 as c
ompared to Rs. \line \tab \up0 \expndtw-1\charscalex100 506.5 billion in the com
parable period of the last year. Government has borrowed Rs.442.3 \line \tab \up
0 \expndtw-3\charscalex100 billion from the State Bank of Pakistan, while Rs 642
.1 billion borrowed from the scheduled \line \tab \up0 \expndtw-5\charscalex100
banks. \par\pard\ql \li1440\ri1186\sb121\sl-280\slmult0\tx1800\tx1800\tx1800 \up
0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\ch
arscalex100 \ul0\nosupersub\cf6\f7\fs24 During July 2011-11\ul0\super\cf13\f14\f
s23 th \ul0\nosupersub\cf6\f7\fs24 May, 2012 loans for commodity finance registe
red a net retirement of \line\tab \up0 \expndtw0\charscalex100 Rs 81.6 billion a
gainst the retirement of Rs 101.1 billion in the same period of fiscal year \lin
e \tab \up0 \expndtw0\charscalex100 2010-11. The retirement was primarily concen
trated in the second quarter of fiscal year \par\pard\ql \li6060\sb0\sl-276\slmu
lt0 \par\pard\ql\li6060\sb228\sl-276\slmult0 \up0 \expndtw-3\charscalex100 5

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pbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz16\shplid0
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 9420}}{\sp{\sn geoBottom}{\sv 20}}
{\sp{\sn pVerticies}{\sv 8;4;(0,20);(9420,20);(9420,0);(0,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;10;16384;45824;1;45824;1;45824;1;45824;24577;32768}
}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 0}}{\s
p{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\s
p{\sn fBehindDocument}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g8}{\bkmkend Pg8}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\sb0
\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\charsca
lex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey 20
11-12 \par\pard\qj \li1800\ri1250\sb198\sl-260\slmult0 \up0 \expndtw-1\charscale
x100 2011-12 as the government released Rs 78 billion to procurement agencies fo
r the settlement \up0 \expndtw-2\charscalex100 of accumulated subsidies. \par\pa
rd\qj \li1440\ri1249\sb124\sl-280\slmult0\tx1800 \up0 \expndtw-2\charscalex100 \
ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f
7\fs24 During July 2011-11\ul0\super\cf13\f14\fs23 th\ul0\nosupersub\cf6\f7\fs
24 May, 2012 credit to public sector enterprises registered a sharp decline \lin
e\tab \up0 \expndtw-3\charscalex100 from Rs 10.6 billion in 2010-11 to Rs 142.6
billion. \par\pard\ql \li1440\sb0\sl-276\slmult0 \par\pard\ql\li1440\sb128\sl-27
6\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Capital Ma
rkets \par\pard\ql \li1440\ri1189\sb121\sl-280\slmult0\tx1800\tx1800\tx1800 \up0
\expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\char
scalex103 \ul0\nosupersub\cf6\f7\fs24 The Pakistan Stock Markets remained range
bound during first half with predominately \line\tab \up0 \expndtw-2\charscalex1
00 declining trend (9.2 percent). However, the KSE -100 index resumed momentum d
uring the \line \tab \up0 \expndtw-5\charscalex100 3\ul0\nosupersub\cf13\f14\fs1
6 rd\ul0\nosupersub\cf6\f7\fs24 and 4\ul0\super\cf13\f14\fs23 th\ul0\nosupersub
\cf6\f7\fs24 quarters of the FY 12. \par\pard\ql \li1440\ri1187\sb125\sl-275\sl
mult0\tx1800\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupe
rsub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs
24 The robust performance of Pakistani stock markets during 2\ul0\super\cf13\f14
\fs23 nd\ul0\nosupersub\cf6\f7\fs24 half of 2011-12 was due to \line\tab \up0 \
expndtw-3\charscalex100 certain encouraging measures like considerable reduction
in discount rate by the central bank \line \tab \up0 \expndtw0\charscalex106 du
ring later period of the first half of CFY and increase in foreign exchange rese
rves. \line \tab \up0 \expndtw0\charscalex103 Further, the market sentiment was
boosted by the promulgation of the Capital Gain Tax \line \tab \up0 \expndtw-5\c
harscalex100 Ordinance. \par\pard\li1440\sb127\sl-276\slmult0\fi0\tx1800 \up0 \e
xpndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charsc
alex100 \ul0\nosupersub\cf6\f7\fs24 Under the CGT Ordinance the National Clearin
g Company of Pakistan Limited (NCCPL) has\par\pard\li1440\sb0\sl-276\slmult0\fi3
60 \up0 \expndtw0\charscalex100 been appointed as an intermediary entity to comp
ute, determine, collect and deposit the CGT\par\pard\li1440\sb0\sl-276\slmult0\f
i360 \up0 \expndtw0\charscalex100 on listed securities. In addition, no question
relating to the source/nature of money will be\par\pard\li1440\sb0\sl-276\slmul
t0\fi360 \up0 \expndtw0\charscalex100 asked by the tax authorities if the money
remain invested in the stock market for a period of\par\pard\li1440\sb0\sl-276\s
lmult0\fi360\tx3813\tx4250\tx7565\tx8001 \up0 \expndtw-1\charscalex100 45 days
(till June\tab \up0 \expndtw-1\charscalex100 30,\tab \up0 \expndtw-1\charscale
x100 2012) and 120 days (till June\tab \up0 \expndtw-1\charscalex100 30,\ta
b \up0 \expndtw-1\charscalex100 2014) before and after the\par\pard\li1440\s
b0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 promulgation of CGT Ordina
nce.\par\pard\ql \li1440\ri1187\sb99\sl-280\slmult0\tx1800\tx1800\tx1800\tx1800
\up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-3
\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The investment by foreign investors i

n the capital markets during the period from July, 2011 \line\tab \up0 \expndtw0
\charscalex102 to March, 2012 depicted a net outflow of US$ 176.303 million. Thi
s reflects that present \line \tab \up0 \expndtw-1\charscalex100 bullish sentime
nts in the equity markets are due to restoration of the confidence of the local
\line \tab \up0 \expndtw-2\charscalex100 investors. \par\pard\ql \li1440\ri1188\
sb126\sl-273\slmult0\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul
0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\
cf6\f7\fs24 The Pakistani Stock markets performed well during the current fiscal
year as compared with \line\tab \up0 \expndtw-3\charscalex100 the other world i
ndices. This was mainly due to the steps taken by the current government to \lin
e \tab \up0 \expndtw0\charscalex100 boost the confidence of the equity market in
vestors which includes reforms in the Capital \line \tab \up0 \expndtw-5\charsca
lex100 gains tax, etc. \par\pard\ql \li1440\ri1188\sb130\sl-270\slmult0\tx1800\t
x1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \u
p0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The\ul0\nosupersub\cf10\f
11\fs24 \ul0\nosupersub\cf6\f7\fs24 Stock Exchanges (Corporatization, Demutual
ization and Integration) Act, 2012, was \line\tab \up0 \expndtw0\charscalex100
promulgated with the signing of the bill by the President of Pakistan on May 7,
2012. The \line \tab \up0 \expndtw-4\charscalex100 demutualization bill was appr
oved on March 27, 2012, in a joint session of the Parliament. \par\pard\ql \li14
40\ri1187\sb122\sl-280\slmult0\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charsc
alex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\n
osupersub\cf6\f7\fs24 The demutualization law provides a framework for the corpo
ratization, demutualization and \line\tab \up0 \expndtw-3\charscalex100 integrat
ion of the stock exchanges. The law requires the stock exchanges to be demutuali
zed \line \tab \up0 \expndtw-5\charscalex100 within \up0 \expndtw0\charscalex100
119 days of its promulgation in line with pre-defined timelines speci
fied for \line \tab \up0 \expndtw-2\charscalex100 completion of various milesto
nes involved in the demutualization exercise. \par\pard\qj \li1440\ri1190\sb101\
sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f1
2\fs24 ` \tab \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf6\f7\fs24 The gover
nment conducted seven auctions of Pakistan Investment Bonds (PIBs) during \line
\tab \up0 \expndtw-5\charscalex100 2011-12 (Jul-Mar) raising Rs. 159.246 billion
. \par\pard\ql \li1440\ri1188\sb121\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \ex
pndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscal
ex105 \ul0\nosupersub\cf6\f7\fs24 During the period July - March, 2012 a total o
f six debt securities were issued through \line\tab \up0 \expndtw0\charscalex100
private placement including two Sukuk Issues of Rs.108.393 billion by Pakistan
Domestic \line \tab \up0 \expndtw-3\charscalex100 Sukuk Company Limited. \par\pa
rd\ql \li6060\sb0\sl-276\slmult0 \par\pard\ql\li6060\sb0\sl-276\slmult0 \par\par
d\ql\li6060\sb192\sl-276\slmult0 \up0 \expndtw-3\charscalex100 6
{\shp {\*\shpinst\shpleft1410\shptop1292\shpright10830\shpbottom1312\shpfhdr0\sh
pbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz16\shplid0
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
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{\sp{\sn pVerticies}{\sv 8;4;(0,20);(9420,20);(9420,0);(0,0)}}
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{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 0}}{\s
p{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\s
p{\sn fBehindDocument}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g9}{\bkmkend Pg9}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\sb0
\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\charsca
lex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey 20
11-12 \par\pard\ql \li1440\ri1299\sb187\sl-273\slmult0\tx1800\tx1800\tx1800 \up0
\expndtw-3\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\
fs24 \ul0\nosupersub\cf6\f7\fs24 In one of the major moves towards the develo
pment of a vibrant debt market in Pakistan, the \line\tab \up0 \expndtw-2\charsc

alex100 Securities and Exchange Commission of Pakistan has recently approved not
ification of the \line \tab \up0 \expndtw-2\charscalex100 Debt Securities Truste
e Regulations (DST Regulations). The main objective of the DST \line \tab \up0 \
expndtw-3\charscalex100 Regulations is to protect the interests of debenture hol
ders. \par\pard\ql \li1440\sb0\sl-276\slmult0 \par\pard\ql\li1440\sb129\sl-276\s
lmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Inflation \pa
r\pard\ql \li1440\ri1247\sb241\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw-2\char
scalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosup
ersub\cf6\f7\fs24 The inflation rate as measured by the changes in Consumer Pr
ice Index (CPI) stood at 10.8 \line\tab \up0 \expndtw0\charscalex100 percent dur
ing (July-April) during current fiscal year 2011-12, against 13.8 percent in the
\line \tab \up0 \expndtw-3\charscalex100 comparable period of last year. \par\p
ard\qj \li1440\ri1246\sb137\sl-260\slmult0\tx1800 \up0 \expndtw-2\charscalex100
\ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\
f7\fs24 The food inflation on average basis is estimated at 11.1 percent and n
on-food 10.7 percent, \line\tab \up0 \expndtw-2\charscalex100 against 18.8 perce
nt and 10.8 percent in the corresponding period of last year. \par\pard\qj \li14
40\ri1248\sb124\sl-280\slmult0\tx1800 \up0 \expndtw0\charscalex104 \ul0\nosupers
ub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The
rise in non-food inflation has resulted from the upward adjustment in energy, g
as, \line\tab \up0 \expndtw-5\charscalex100 electricity and fuel prices. \par\pa
rd\ql \li1440\sb124\sl-276\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupersub
\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Core
inflation is estimated at 10.4 percent during July-April 2011-12. \par\pard\qj \
li1440\ri1247\sb138\sl-260\slmult0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\nos
upersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24
The Wholesale Price Index (WPI) during July-April, 2011-12 on annual average b
asis has \line\tab \up0 \expndtw-3\charscalex100 recorded at 11.2 percent agains
t 21.0 percent last year. \par\pard\qj \li1440\ri1247\sb124\sl-280\slmult0\tx180
0 \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf
7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The Sensitive Price Indicator (SPI) re
corded at 8.5 percent during July-April, 2011-12 \line\tab \up0 \expndtw-3\cha
rscalex100 against 18.1 percent of last year. \par\pard\qj \li1440\ri1248\sb121\
sl-280\slmult0\tx1800 \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf11\f12\fs24
`\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The increase in ove
rall inflation has driven by rise in world commodity and fuel prices, \line\tab
\up0 \expndtw-3\charscalex100 disruption in domestic supply chain by the floods.
\par\pard\ql \li1440\ri1233\sb101\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw-2\
charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\n
osupersub\cf6\f7\fs24 However, inflation has been contained during current fis
cal year as compared to last year due \line\tab \up0 \expndtw0\charscalex100 to
tight monetary policy, better supply management and regular monitoring of prices
and \line \tab \up0 \expndtw-3\charscalex100 supply chain by the Cabinet and Na
tional Price Monitoring Committee. \par\pard\ql \li1440\sb0\sl-276\slmult0 \par\
pard\ql\li1440\sb248\sl-276\slmult0 \up0 \expndtw-5\charscalex100 \ul0\nosupersu
b\cf10\f11\fs24 Trade and Payments \par\pard\ql \li1440\ri1248\sb241\sl-280\slmu
lt0\tx1800\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\u
l0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 In absolute terms, expo
rts have increased from $20460 million in July-April 2010-11 to $ \line\tab \up0
\expndtw0\charscalex100 20474 million in the period thereby witnessing a growth
of 0.1 percent during the first ten \line \tab \up0 \expndtw-5\charscalex100 mo
nths (July-April) of the fiscal year 2011-12. \par\pard\qj \li1440\ri1249\sb137\
sl-260\slmult0\tx1800 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf11\f12\fs2
4 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Imports during the
first ten months (July-April) of the fiscal year 2011-12 increased by 14.5 \lin
e\tab \up0 \expndtw-4\charscalex100 percent compared with the same period of las
t year, reaching to $33.15 billion. \par\pard\qj \li1440\ri1248\sb124\sl-280\slm
ult0\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nos
upersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Worker\u8217?s Remittances re
ached to $ 10877 million during July-April 2011-12 as against $ \line\tab \up0 \

expndtw-4\charscalex100 9046 million in the comparable period of last year, depi


cting an increase of 20.2 percent. \par\pard\ql \li1440\sb124\sl-276\slmult0 \up
0 \expndtw-3\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8
\fs24 \ul0\nosupersub\cf6\f7\fs24 Current Account Deficit stood to $ 3394 mil
lion in July-April 2011-12. \par\pard\qj \li1440\ri1212\sb138\sl-260\slmult0\tx1
800 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub
\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Services account deficit reached to
$ 2,347 million during July-April 2011-12 as compared to \line\tab \up0 \expndtw
-3\charscalex100 $ 1,225 million during the same period last year. \par\pard\qj
\li1440\ri1248\sb124\sl-280\slmult0\tx1800 \up0 \expndtw-4\charscalex100 \ul0\no
supersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24
Financial Account surplus during July-April 2011-12 stood at $ 1200 million a
s compared to \line\tab \up0 \expndtw-5\charscalex100 $ 690 million in correspon
ding period last year. \par\pard\ql \li1440\sb124\sl-276\slmult0 \up0 \expndtw-3
\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\
nosupersub\cf6\f7\fs24 Exchange rate of Pak Rupee depreciated by 3.4 percent d
uring July-April 2011-12. \par\pard\ql \li6060\sb204\sl-276\slmult0 \up0 \expndt
w-3\charscalex100 7
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g10}{\bkmkend Pg10}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\ql \li1440\ri1247\sb189\sl-270\slmult0\tx1800\tx1800 \up0 \exp
ndtw0\charscalex105 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24
\ul0\nosupersub\cf6\f7\fs24 Foreign Exchange Reserves stood at $ 16.5 billion
at the end of April, 2012. Of which, \line\tab \up0 \expndtw0\charscalex103 rese
rves held with the State Bank of Pakistan stood at $ 12.04 billion and by banks
$ 4.45 \line \tab \up0 \expndtw-3\charscalex100 billion. \par\pard\ql \li1440\sb
0\sl-276\slmult0 \par\pard\ql\li1440\sb130\sl-276\slmult0 \up0 \expndtw-3\charsc
alex100 \ul0\nosupersub\cf10\f11\fs24 Public Debt \par\pard\qj \li1440\ri1188\sb
121\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf1
1\f12\fs24 ` \tab \up0 \expndtw0\charscalex105 \ul0\nosupersub\cf6\f7\fs24 Durin
g first nine months of current fiscal year (2011-12), total public debt register
ed an \line\tab \up0 \expndtw-3\charscalex100 increase of Rs.1,315 billion and s
tood at Rs.12,024 billion. \par\pard\ql \li1440\sb124\sl-276\slmult0\tx1800 \up0
\expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\char
scalex103 \ul0\nosupersub\cf6\f7\fs24 Public debt as a percent of GDP stood at 5
8.2 percent by end-March 2012 as compared to \par\pard\ql \li1800\sb4\sl-276\slm
ult0 \up0 \expndtw-3\charscalex100 55.5 percent of GDP during the same period la
st year. \par\pard\qj \li1440\ri1188\sb138\sl-260\slmult0\tx1800\tx1800 \up0 \ex
pndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\charsca
lex100 \ul0\nosupersub\cf6\f7\fs24 The bulk of the increase in public debt in th
e first nine months of 2011-12 has been recorded \line\tab \up0 \expndtw-2\chars
calex100 under domestic debt that accounted for 91 percent of the total increase
. \par\pard\qj \li1440\ri1188\sb124\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\
charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \
ul0\nosupersub\cf6\f7\fs24 The total domestic debt is posted at Rs 7,206.9 billi
on at the end-March 2012; representing \line\tab \up0 \expndtw-2\charscalex100 a
n increase of Rs.1,190.5 billion in the first nine months of the current fiscal

year. \par\pard\ql \li1440\ri1187\sb129\sl-270\slmult0\tx1800\tx1800\tx1800 \up0


\expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\cha
rscalex100 \ul0\nosupersub\cf6\f7\fs24 The domestic debt grew by 19.8 percent in
first nine months of current fiscal year. The focus \line\tab \up0 \expndtw0\ch
arscalex102 on deficit financing through internal sources owing to lower externa
l receipts has been the \line \tab \up0 \expndtw-3\charscalex100 major cause. \p
ar\pard\li1440\sb140\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-2\charscalex100 \ul
0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\c
f6\f7\fs24 As at the end of March 2012, servicing of the public debt stood at Rs
.719 billion against the\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw2\charscalex100 budget amount of Rs.1034.2 billion.\par\pard\ql \li1440\sb114\sl
-276\slmult0\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 `
\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Domestic debt comp
rises permanent debt, floating debt and unfunded debt having shares of \par\pard
\ql \li1800\sb4\sl-276\slmult0 \up0 \expndtw-2\charscalex100 21.6 percent, 54.5
percent and 23.9 percent respectively in total domestic debt. \par\pard\qj \li14
40\ri1188\sb101\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\no
supersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf6\
f7\fs24 Pakistan External Debt and Liabilities (EDL) stock was recorded at $60.3
billion as of March \line\tab \up0 \expndtw-3\charscalex100 2012. During July-M
arch 2012, $179 million was added to the EDL stock. \par\pard\ql \li1440\ri1188\
sb121\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosup
ersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf6\f7\f
s24 As a percentage of GDP in dollar terms, the EDL was down by 200 basis points
in July-\line\tab \up0 \expndtw0\charscalex102 March, 2012 compared to fiscal
year 2010-11 (28.5 percent) and approximately to 26.5 \line \tab \up0 \expndt
w-3\charscalex100 percent. \par\pard\ql \li1440\sb244\sl-276\slmult0 \up0 \expnd
tw-3\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Education \par\pard\ql \li1440\
ri1218\sb244\sl-276\slmult0\tx1800\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw-2\c
harscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\no
supersub\cf6\f7\fs24 According to the Pakistan Social and Living Standard Meas
urement (PSLM) Survey 2010-11 \line\tab \up0 \expndtw0\charscalex105 and last PS
LM 2008-09, the literacy rate for the population (10 years and above) is 58 \
line \tab \up0 \expndtw0\charscalex105 percent during 2010-11, as compared to 57
percent in 2008-09 . Literacy remains much \line \tab \up0 \expndtw0\charscalex
100 higher in urban areas than in rural areas and much higher for men than for w
omen. Province \line \tab \up0 \expndtw0\charscalex105 wise data suggest that Pu
njab leads with 60 percent literacy followed by Sindh with 59 \line \tab \up0 \
expndtw-2\charscalex100 percent, Khyber Pakhtunkhwa with 50 percent and Balochis
tan with 41 percent. \par\pard\ql \li1440\ri1246\sb124\sl-276\slmult0\tx1800\tx1
800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf12\f13\f
s22 `\ul0\nosupersub\cf5\f6\fs22 \ul0\nosupersub\cf6\f7\fs24 The Gross Enrolm
ent Rates (GER) at the primary level excluding katchi (prep) for the age \line\t
ab \up0 \expndtw0\charscalex100 group 5-9 years at National level during 2010-11
increased slightly to 92 percent from 91 \line \tab \up0 \expndtw0\charscal
ex104 percent in 2008-09. Amongst the provinces, Punjab shows a marginal increa
se from 97 \line \tab \up0 \expndtw-1\charscalex100 percent in 2008-09 to 98 pe
rcent in 2010-11. Sindh remained stable with 84 percent, Khyber \line \tab \up0
\expndtw-2\charscalex100 Pakhtunkhwa improved from 87 percent to 89 percent and
Balochistan declined slightly from \line \tab \up0 \expndtw-3\charscalex100 75 p
ercent to 74 percent in 2010-11 \par\pard\ql \li6060\sb0\sl-276\slmult0 \par\par
d\ql\li6060\sb0\sl-276\slmult0 \par\pard\ql\li6060\sb252\sl-276\slmult0 \up0 \ex
pndtw-3\charscalex100 8
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{\shp {\*\shpinst\shpleft1410\shptop13486\shpright10830\shpbottom13762\shpfhdr0\
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g11}{\bkmkend Pg11}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\ql \li1440\ri1187\sb184\sl-276\slmult0\tx1800\tx1800\tx1800\tx
1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf12\f13\fs22 ` \
tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The Net primary lev
el enrolment rates at the National/Provincial (excluding katchi abadies) \line\t
ab \up0 \expndtw0\charscalex104 level for the age group 5-9 years. The NER at th
e National level during 2010-11 slightly \line \tab \up0 \expndtw0\charscalex104
decreased
to 56 percent from 57 percent in 2008-09. Punjab shows a decrease
from 62 \line \tab \up0 \expndtw0\charscalex100 percent in 2008-09 to 61 percen
t in 2010-11. Sindh also shows decrease from 54 percent to \line \tab \up0 \expn
dtw-1\charscalex100 53 percent in 2010-2011, Khyber Pakhtunkhwa witnessed a decr
ease from 52
percent to 51 \line \tab \up0 \expndtw-1\charscalex100 percent a
nd Balochistan improved from 44 percent in 2008-9 to 47 percent in 2010-11 \par\
pard\ql \li1440\ri1187\sb104\sl-277\slmult0\tx1800\tx1800\tx1800\tx1800\tx1800\t
x1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf12\f13\fs22 `
\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The overall number
of enrolments during 2010-11 were 39900.3 thousands as compared to \line\tab \u
p0 \expndtw-1\charscalex100 38202.0 thousands during the same period last year.
This shows an increase of 4.4 percent. It \line \tab \up0 \expndtw-1\charscalex1
00 is estimated to increase to 41596.5 thousands during 2011-12. The number of i
nstitutes stood \line \tab \up0 \expndtw0\charscalex103 at 227.8 thousand during
2010-11 as compared to 228.4 thousand during the same period \line \tab \up0 \e
xpndtw0\charscalex102 2009-10. However, the number is estimated to increase to 2
28.3 thousand during 2011-12. \line \tab \up0 \expndtw0\charscalex105 The number
of teachers during 2010-11 were 1409.4 thousand as compared to 1386.1 \line
\tab \up0 \expndtw-1\charscalex100 thousand during the same period 2009-10 showi
ng an increase of 1.7 percent. This number is \line \tab \up0 \expndtw-1\charsca
lex100 estimated to increase further to 1445.0 thousand during the year 2011-12.
\par\pard\qj \li1440\ri1188\sb121\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\c

harscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex102 \u


l0\nosupersub\cf6\f7\fs24 A total of 134,118 youth received vocational and techn
ical training under the President\u8217?s \line\tab \up0 \expndtw-2\charscalex10
0 Funni Maharat Programme and Prime Minister\u8217?s Hunermand Pakistan Programm
e. \par\pard\ql \li1440\ri1188\sb101\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \e
xpndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charsca
lex103 \ul0\nosupersub\cf6\f7\fs24 HEC is also playing its role in running diffe
rent scholarship programmes to enhance the \line\tab \up0 \expndtw-1\charscalex1
00 academic qualification at various levels on merit basis in line with requirem
ent. During the \line \tab \up0 \expndtw-5\charscalex100 period \up0 \expndtw-2\
charscalex100 2008-12 a number of \up0 \expndtw-2\charscalex100 3996 schola
rships were awarded under different \par\pard\qj \li1800\ri1249\sb1\sl-280\s
lmult0 \up0 \expndtw-4\charscalex100 programmes,3572 scholars proceeded to avail
these programmes on merit basis and a number \up0 \expndtw-5\charscalex100 of 1
650 scholars completed their studies. \par\pard\ql \li1440\sb0\sl-276\slmult0 \p
ar\pard\ql\li1440\sb108\sl-276\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupe
rsub\cf10\f11\fs24 Health and Nutrition \par\pard\qj \li1440\ri1248\sb261\sl-280
\slmult0\tx1800 \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf11\f12\fs24 `\ul0
\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 At present, there are 972
hospitals, 4,842 dispensaries, 5,374 basic health units and 909 \line\tab \up0
\expndtw-5\charscalex100 maternity and child health centres in Pakistan. \par\pa
rd\ql \li1440\ri1248\sb101\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw0\ch
arscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nos
upersub\cf6\f7\fs24 With availability of 149,201 doctors, 10,958 dentists, 76,
244 nurses and 108,137 hospital \line\tab \up0 \expndtw0\charscalex100 beds in t
he country during 2011-12 compared to 144,901 doctors, 10,508 dentists, 73,244 \
line \tab \up0 \expndtw-1\charscalex100 nurses and 104,137 hospital beds last ye
ar, the population and health facilities ratio worked \line \tab \up0 \expndtw-4
\charscalex100 out 1,206 persons per doctors, 16,426 persons per dentist and 1,6
65 persons per hospital bed. \par\pard\qj \li1440\ri1239\sb137\sl-260\slmult0\tx
1800 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersu
b\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 During 2011-12, 30 basic health uni
ts and 7 rural health centres have been constructed, while \line\tab \up0 \expnd
tw-5\charscalex100 15 rural health centres and 35 basic health units have been u
pgraded. \par\pard\li1440\sb140\sl-276\slmult0\fi0\tx1860\tx3431\tx4849 \up0 \ex
pndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charsc
alex100 \ul0\nosupersub\cf6\f7\fs24 4,300 doctors,\tab \up0 \expndtw-1\charscal
ex100 450 dentists,\tab \up0 \expndtw-1\charscalex100 3,000 nurses and 4,500
paramedics have completed their\par\pard\li1440\sb0\sl-276\slmult0\fi360 \u
p0 \expndtw-1\charscalex100 academic courses and 4,000 new beds have been added
in the hospitals.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx1860 \up0 \expndtw1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100
\ul0\nosupersub\cf6\f7\fs24 9,500 Lady Health Workers (LHWs) have been trained
and deployed mostly in the rural\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \
expndtw0\charscalex100 areas. Moreover, some 7 million children have been immuni
zed and 20 million packets of\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \exp
ndtw-1\charscalex100 ORS has been distributed.\par\pard\ql \li1440\ri1248\sb104\
sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f
12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 In addition
to ongoing various health programmes such as cancer treatment, AIDS \
line\tab \up0 \expndtw-3\charscalex100 prevention, Malaria Control Programme, th
is year special focus was given by Federal as well \line \tab \up0 \expndtw-4\ch
arscalex100 as Provincial Government to \u8220?Dengu Epidemic Control Programme\
u8221?. \par\pard\ql \li6060\sb0\sl-276\slmult0 \par\pard\ql\li6060\sb0\sl-276\s
lmult0 \par\pard\ql\li6060\sb0\sl-276\slmult0 \par\pard\ql\li6060\sb196\sl-276\s
lmult0 \up0 \expndtw-3\charscalex100 9
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{\shp {\*\shpinst\shpleft1410\shptop6492\shpright10830\shpbottom6768\shpfhdr0\sh
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{\shp {\*\shpinst\shpleft1410\shptop6768\shpright10830\shpbottom7044\shpfhdr0\sh
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{\shp {\*\shpinst\shpleft1410\shptop7044\shpright10830\shpbottom7320\shpfhdr0\sh
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{\shp {\*\shpinst\shpleft1410\shptop7320\shpright10830\shpbottom7596\shpfhdr0\sh
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15}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g12}{\bkmkend Pg12}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\ql \li1440\ri1247\sb189\sl-270\slmult0\tx1800\tx1800 \up0 \exp
ndtw0\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24
\ul0\nosupersub\cf6\f7\fs24 The total outlay of health sector is budgeted Rs.5
5.1 billion which included Rs.26.2 billion \line\tab \up0 \expndtw0\charscalex10
5 for development and Rs. 28.9 billion for current expenditure which is equivale
nt to 0.27 \line \tab \up0 \expndtw-3\charscalex100 percent of GDP during 2011-1
2 as compared to 0.23 percent in 2010-11. \par\pard\ql \li1440\sb0\sl-276\slmult
0 \par\pard\ql\li1440\sb130\sl-276\slmult0 \up0 \expndtw-5\charscalex100 \ul0\no
supersub\cf10\f11\fs24 Population, Labour Force and Employment \par\pard\qj \li1
440\ri1189\sb241\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\n
osupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf6\
f7\fs24 Population of Pakistan is estimated 180.71 million during the year 201
1-12. Population \line\tab \up0 \expndtw-4\charscalex100 Growth Rate is 2.03 per
cent in 2011-12 while it was 2.05 percent in 2010-11 \par\pard\qj \li1440\ri1187
\sb121\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\
cf11\f12\fs24 ` \tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs24 U
rban population has increased to 67.55 million from 65.3 million in 2010-11 wh
ile rural \line\tab \up0 \expndtw-4\charscalex100 population has increased to 11
3.16 million from 111.82 million in 2010-11 \par\pard\li1440\sb126\sl-276\slmult
0\fi0\tx1860 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \
up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Total Fertility Rate (TF
R) reported 3.4 children per women in 2011-12 as compared to 3.5 in\par\pard\li1
440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 2010-11.\par\pard\li1
440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\nosupersu
b\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 C
ontraceptive Prevalence Rate has decreased from 30 percent to 27 percent in 2011
.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-1\charscalex100
\ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub
\cf6\f7\fs24 Life Expectancy rate has increased from 65.8 years to 66.1 years
for female and 63.9 years\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw
-1\charscalex100 to 64.3 years for male in 2011-12\par\pard\li1440\sb120\sl-276\
slmult0\fi0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `
\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Crude Birth Rate h
as improved from 27.5 per thousand to 27.2 per thousand and Crude\par\pard\li144
0\sb0\sl-276\slmult0\fi360 \up0 \expndtw0\charscalex100 Death Rate has decreased
from 7.3 per thousand to 7.20 per thousand in 2011-12.\par\pard\li1440\sb120\sl
-276\slmult0\fi0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\f

s24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Infant Mortal


ity Rate decreased to 69.0 per thousand in 2011-12 from 70.5 per thousand in\par
\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 2010-11.\par
\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\
nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\
f7\fs24 The total labour force has increased from 56.33 million in 2009-10 to 57
.24 million in 2010-\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\ch
arscalex100 11.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-1\
charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \
ul0\nosupersub\cf6\f7\fs24 The minimum wage of labour has been increased to Rs.
8,000 from Rs. 7,000 as announced\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0
\expndtw-1\charscalex100 by the Prime Minister of Pakistan on 1\ul0\super\cf13\f
14\fs23 st\ul0\nosupersub\cf6\f7\fs24 May, 2012.\par\pard\li1440\sb120\sl-276\s
lmult0\fi0\tx1800 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\
tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The total number of
people employed during 2010-11 was 53.84 million, 0.63 million more\par\pard\li
1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 than the preceding y
ear.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw-1\charscalex1
00 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosuper
sub\cf6\f7\fs24 Total unemployment rate has increased from 5.6 percent in 2009-1
0 to 6.0 percent in 2010-\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw
-1\charscalex100 11.\par\pard\li1440\sb119\sl-276\slmult0\fi0\tx1800 \up0 \expnd
tw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex
100 \ul0\nosupersub\cf6\f7\fs24 The number of unemployed people increased from 1
.94 million to 2.1 million in Punjab, in\par\pard\li1440\sb0\sl-276\slmult0\fi36
0 \up0 \expndtw0\charscalex100 Sindh from 0.57 million to 0.70 million in 2010-1
1. In KPK the situation is different the\par\pard\li1440\sb0\sl-276\slmult0\fi36
0\tx5651\tx7411 \up0 \expndtw-1\charscalex100 unemployed people decreased fro
m\tab \up0 \expndtw-1\charscalex100 0.55 million to\tab \up0 \expndtw-1\charsc
alex100 0.53 million and in Baluchistan\par\pard\li1440\sb0\sl-276\slmult0\f
i360\tx6105\tx7836\tx9569 \up0 \expndtw-1\charscalex100 unemployed people also
increased from\tab \up0 \expndtw-1\charscalex100 0.06 million to\tab \up0 \
expndtw-1\charscalex100 0.07 million in\tab \up0 \expndtw-1\charscalex100 2010
-11.The\par\pard\qj \li1800\ri1248\sb0\sl-280\slmult0 \up0 \expndtw-1\charscalex
100 unemployment rate is high in Punjab as compared to other provinces
while in KPK \up0 \expndtw-5\charscalex100 unemployment decreased. \par\pard
\ql \li1440\ri1187\sb105\sl-275\slmult0\tx1800\tx1800\tx1800\tx1800\tx1800 \up0
\expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\char
scalex100 \ul0\nosupersub\cf6\f7\fs24 Agriculture sector is the largest provider
of employment to 45 percent of total labour force. \line\tab \up0 \expndtw-2\ch
arscalex100 The employment share by manufacturing sector has increased from 13.2
percent in 2009-10 \line \tab \up0 \expndtw-1\charscalex100 to 13.7 percent in
2010-11. The share of wholesale and retail trade has decreased from16.3 \line \t
ab \up0 \expndtw0\charscalex102 percent to 16.2 percent while, the share of comm
unity/social and personal service sector \line \tab \up0 \expndtw-5\charscalex10
0 decreased from 11.2 percent to10.8 percent in 2010-11. \par\pard\ql \li6000\sb
0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\
sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb1\sl
-276\slmult0 \up0 \expndtw-3\charscalex100 10
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calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\ql \li1440\ri1248\sb189\sl-270\slmult0\tx1800\tx1800 \up0 \exp
ndtw0\charscalex102 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24
\ul0\nosupersub\cf6\f7\fs24 Informal sector employs 73.8 percent of total labo
ur force in 2010-11as compared to 73.3 \line\tab \up0 \expndtw0\charscalex100 pe
rcent in 2009-10.The employment ratio in rural informal sector is (76.5 percent)
is higher \line \tab \up0 \expndtw-3\charscalex100 as compared to that in the u
rban sector (71.2 percent) in 2010-11. \par\pard\ql \li1440\ri1247\sb128\sl-273\
slmult0\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f
12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The Governme
nt of Pakistan is making sincere efforts to boost overseas employment. The \line
\tab \up0 \expndtw0\charscalex102 number of emigrant was 0.36 million in 2010 wh
ich has increased to 0.45 million in 2011 \line \tab \up0 \expndtw-1\charscalex1
00 which include 0.20 million unskilled, 0.17 million skilled, 0.073 million sem
i skilled, 0.0030 \line \tab \up0 \expndtw-2\charscalex100 million highly skille
d and 0.0069 million highly qualified workers. \par\pard\ql \li1440\sb0\sl-276\s
lmult0 \par\pard\ql\li1440\sb129\sl-276\slmult0 \up0 \expndtw-3\charscalex100 \u
l0\nosupersub\cf10\f11\fs24 Transport and Communications \par\pard\qj \li1627\sb
0\sl-260\slmult0 \par\pard\qj\li1627\ri1188\sb18\sl-260\slmult0\tx1987\tx1987 \u
p0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\c
harscalex100 \ul0\nosupersub\cf6\f7\fs24 The roads in Pakistan carry over 96 per
cent of inland freight and 92 percent of passenger \line\tab \up0 \expndtw-3\cha
rscalex100 traffic and undoubtedly the backbone of Pakistan\u8217?s economy. \pa
r\pard\li1627\sb141\sl-276\slmult0\fi0\tx1987 \up0 \expndtw0\charscalex102 \ul0\
nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex103 \ul0\nosupersub\cf6\
f7\fs24 Pakistan\u8217?s current road network is about 260,000 km which caters
services to eleven\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw0\chars
calex102 million vehicles of all type.\par\pard\qj \li1627\ri1187\sb111\sl-280\s
lmult0\tx1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 `
\tab \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf6\f7\fs24 NHA road network
is around 12,000 km, which is merely 4 percent of the overall road \line\tab \up
0 \expndtw-3\charscalex100 network but takes 80 percent of Pakistan\u8217?s comm
ercial traffic. \par\pard\qj \li1627\ri1189\sb101\sl-280\slmult0\tx1987\tx1987 \
up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\c
harscalex100 \ul0\nosupersub\cf6\f7\fs24 NHA has completed 12 projects of flyove
rs, bridges, interchanges and road up gradation \line\tab \up0 \expndtw-5\charsc
alex100 during the last one year at a cost of Rs 19.6 billion. \par\pard\ql \li1
627\ri1187\sb121\sl-280\slmult0\tx1987\tx1987\tx1987 \up0 \expndtw0\charscalex80
\ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosupers
ub\cf6\f7\fs24 At present, 46 development projects having length of 2,985 km are
ongoing at a cost Rs \line\tab \up0 \expndtw0\charscalex100 245 billion in diff
erent sections/packages. These projects include construction of roads, \line \ta
b \up0 \expndtw-3\charscalex100 river bridges, tunnels, flyovers, interchanges.
\par\pard\ql \li1627\ri1187\sb101\sl-280\slmult0\tx1987\tx1987\tx1987\tx1987\tx1
987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expnd
tw0\charscalex104 \ul0\nosupersub\cf6\f7\fs24 During the current financial year,
NHA has launched/ awarded 16 new development \line\tab \up0 \expndtw-2\charsca
lex100 projects covering a length of above 500 km inclusive construction of a nu
mber of bridges, \line \tab \up0 \expndtw-3\charscalex100 flyovers and interchan
ges costing Rs. 70,951 million. NHA is simultaneously constructing \line \tab \u
p0 \expndtw-4\charscalex100 12 Bridges across the rivers. These are; on river Ch
enab 4, on rivers Sutlej 2, on river Swan \line \tab \up0 \expndtw-5\charscalex1
00 1 and 5 on river Indus. \par\pard\li1627\sb122\sl-276\slmult0\fi0\tx1987 \up0
\expndtw-4\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-3\ch
arscalex100 \ul0\nosupersub\cf6\f7\fs24 Heavy rains and floods severely damaged
the Transport and Communication system during\par\pard\li1627\sb0\sl-275\slmult0
\fi360 \up0 \expndtw-4\charscalex100 last two years\par\pard\qj \li1627\ri1188\s

b108\sl-280\slmult0\tx1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf


11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Prel
iminary estimates indicate that road network approximately 8,385 km and 190 km
\line\tab \up0 \expndtw-3\charscalex100 railway lines were damaged including br
idges and allied structures. \par\pard\qj \li1627\ri1186\sb137\sl-260\slmult0\tx
1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up
0 \expndtw-3\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The telecommunication inf
rastructure includes damages to cellular sites, exchange centres, \line\tab \up0
\expndtw-4\charscalex100 equipment, power system and supporting civil works is
amounting to $1.9 million. \par\pard\li1627\sb140\sl-276\slmult0\fi0\tx1987\tx64
93 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expnd
tw-3\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Ministry of Railways has also
adopted a\tab \up0 \expndtw-3\charscalex100 \u8220?Track Access Policy\u822
1? for private sector\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw2\charscalex100 participation to operate freight and passenger trains on Pakista
n Railways infrastructure.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0
\expndtw-3\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-2\cha
rscalex100 \ul0\nosupersub\cf6\f7\fs24 Ministry of Railways has created a \u8220
?Real Estate Development and Marketing Company\u8221? as\par\pard\li1627\sb0\sl276\slmult0\fi360 \up0 \expndtw-3\charscalex100 subsidiary of Ministry of Railwa
ys.\par\pard\ql \li1627\ri1188\sb100\sl-280\slmult0\tx1987\tx1987\tx1987 \up0 \e
xpndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-4\charsc
alex100 \ul0\nosupersub\cf6\f7\fs24 Six factories including Locomotive Factory R
isalpur, Carriage Factory Islamabad, and four \line\tab \up0 \expndtw-2\charscal
ex100 Concrete Sleeper Factories in Kohat, Khanewal, Sukkur and Kotri, are being
corporatized \line \tab \up0 \expndtw-5\charscalex100 for eventual privatizatio
n subject to approval of the government. \par\pard\ql \li6000\sb0\sl-276\slmult0
\par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb272\sl-276\slmult0
\up0 \expndtw-3\charscalex100 11
{\shp {\*\shpinst\shpleft1410\shptop1292\shpright10830\shpbottom1312\shpfhdr0\sh
pbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz16\shplid0
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 9420}}{\sp{\sn geoBottom}{\sv 20}}
{\sp{\sn pVerticies}{\sv 8;4;(0,20);(9420,20);(9420,0);(0,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;10;16384;45824;1;45824;1;45824;1;45824;24577;32768}
}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 0}}{\s
p{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\s
p{\sn fBehindDocument}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}
}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g14}{\bkmkend Pg14}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\li1627\sb184\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-1\charsca
lex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nos
upersub\cf6\f7\fs24 Cabinet Committee of Restructuring has approved a restructur
ing framework for Pakistan\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndt
w-1\charscalex100 Railways.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0
\expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\cha
rscalex100 \ul0\nosupersub\cf6\f7\fs24 During the last financial year, 16 kms of
track was rehabilitated on Pakistan Railways\par\pard\li1627\sb0\sl-276\slmult0
\fi360 \up0 \expndtw-1\charscalex100 network besides doubling more than 15 kms o
f track.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-1\charsca
lex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nos
upersub\cf6\f7\fs24 Renovation of Khudian Khas, Usmanwala, Raiwind and Kanganpur
railway stations was\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw0\ch
arscalex100 carried out at a cost of Rs. 24.0 million to improve facilities for
the passengers.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-1\
charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \

ul0\nosupersub\cf6\f7\fs24 52 new design passenger coaches were imported from Ch


ina at a cost of Rs. 4.1 billion.\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0
\expndtw0\charscalex100 Remaining 150 passenger coaches will be manufactured at
Pakistan Railway Carriage\par\pard\li1627\sb0\sl-276\slmult0\fi360\tx4943\tx538
3\tx7389 \up0 \expndtw-1\charscalex100 Factory Islamabad by June\tab \up0 \ex
pndtw-1\charscalex100 30,\tab \up0 \expndtw-1\charscalex100 2013. In addition,
\tab \up0 \expndtw-1\charscalex100 22 passenger coaches have been\par\pard\l
i1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw0\charscalex100 rehabilitated at Pak
istan Railway Carriage Factory Islamabad during last year.\par\pard\qj \li1627\r
i1188\sb134\sl-260\slmult0\tx1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupe
rsub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf6\f7\fs
24 A new dry port was set up at Prem Nagar near Raiwind industrial area, Lahore
through \line\tab \up0 \expndtw-3\charscalex100 Public Private Partnership at a
cost of Rs. 494.0 million. \par\pard\ql \li1627\ri1188\sb124\sl-280\slmult0\tx19
87\tx1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \ta
b \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf6\f7\fs24 Pakistan Internationa
l Airlines Corporation earned increased revenue amounting to Rs. \line\tab \up0
\expndtw-2\charscalex100 116.02 billion in year 2011 as compared to 107.0 billio
n last year. A purchase agreement of \line \tab \up0 \expndtw-3\charscalex100 fi
ve Boeings 777 has been signed. \par\pard\li1627\sb124\sl-276\slmult0\fi0\tx1987
\up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf14\f15\fs24 `\tab \up0 \expndtw
0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Two new destinations have been intro
duced during the year 2011: Karachi - Madina and\par\pard\li1627\sb0\sl-276\slmu
lt0\fi360 \up0 \expndtw-1\charscalex100 Quetta - Zahedan\par\pard\li1627\sb120\s
l-276\slmult0\fi0\tx1987 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\
fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Three new ro
utes were introduced during the year 2011: Peshawar - Kuala Lumpur,\par\pard\l
i1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 Sialkot-Riyadh and
Sialkot-Dammam.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-1\
charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \
ul0\nosupersub\cf6\f7\fs24 Karachi Port Trust handled cargo 27.8 million tones d
uring the first 9 months of the current\par\pard\li1627\sb0\sl-276\slmult0\fi360
\up0 \expndtw-1\charscalex100 fiscal year.\par\pard\li1627\sb120\sl-276\slmult0
\fi0\tx1987 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \u
p0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The consolidated revenues
of PNSC group during July-March 2011-12 were Rs. 6,640\par\pard\li1627\sb0\sl-2
76\slmult0\fi360 \up0 \expndtw-1\charscalex100 million as compared to Rs. 6772 m
illion last year.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0 \expndtw1\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100
\ul0\nosupersub\cf6\f7\fs24 The Corporation intends to acquire four vessels thr
ough commercial loan / joint venture-\par\pard\li1627\sb0\sl-276\slmult0\fi360 \
up0 \expndtw0\charscalex100 basis. Acquisition of two vessels is in process, whi
le two more vessels will be acquired in\par\pard\li1627\sb0\sl-276\slmult0\fi360
\up0 \expndtw-1\charscalex100 next financial year.\par\pard\li1627\sb119\sl-276
\slmult0\fi0\tx1987 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\f12\fs24
`\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Total cargo handl
ed on Gawadar port up till now is 4.1 million tones while Gwadar Port\par\pard\l
i1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw0\charscalex100 earned total revenue
since its start of operation amounting to Rs. 53.4 million.\par\pard\li1627\sb1
20\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf11\
f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Port Qas
im Authority handled a cargo volume 19.7 million tones during July-March 2011-\p
ar\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw-1\charscalex100 12.\par\pa
rd\qj \li1627\ri1189\sb98\sl-280\slmult0\tx1987\tx1987 \up0 \expndtw0\charscalex
80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosupe
rsub\cf6\f7\fs24 The volume of import cargo during July-March 2011-12 stood at 1
4.7 million tones, and \line\tab \up0 \expndtw-5\charscalex100 exports handled 4
.9 million tones during July-March 2011-12. \par\pard\ql \li1627\ri1188\sb124\sl
-276\slmult0\tx1987\tx1987\tx1987\tx1987\tx1987\tx1987 \up0 \expndtw0\charscalex
80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\nosup

ersub\cf6\f7\fs24 Ministry of Communications has prepared a draft National Trans


port Policy which covers \line\tab \up0 \expndtw0\charscalex100 all modes of tra
nsport sectors i.e. (i) Roads, (ii) Railways, (iii) Ports & Shipping and (iv) \l
ine \tab \up0 \expndtw-3\charscalex100 Aviation. This policy also includes the N
ational Transport Corridor Improvement Program \line \tab \up0 \expndtw-3\charsc
alex100 (NTCIP). This programme has been launched in the country to revamp the w
hole transport \line \tab \up0 \expndtw-1\charscalex100 sector including ports,
roads, railway, aviation etc. and provides a frame work to develop \line \tab \u
p0 \expndtw-5\charscalex100 and improve the North South corridor. \par\pard\li16
27\sb131\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-3\charscalex100 \ul0\nosupersub
\cf11\f12\fs24 `\tab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf6\f7\fs24 T
eledensity of the country has increased by 68.3percent in April 2012, showing 6.
7percent\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw-3\charscalex100
growth as compared to the previous year.\par\pard\ql \li6000\sb0\sl-276\slmult0
\par\pard\ql\li6000\sb5\sl-276\slmult0 \up0 \expndtw-3\charscalex100 12
{\shp {\*\shpinst\shpleft1410\shptop1292\shpright10830\shpbottom1312\shpfhdr0\sh
pbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz16\shplid0
{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{
\sn geoRight}{\sv 9420}}{\sp{\sn geoBottom}{\sv 20}}
{\sp{\sn pVerticies}{\sv 8;4;(0,20);(9420,20);(9420,0);(0,0)}}
{\sp{\sn pSegmentInfo}{\sv 2;10;16384;45824;1;45824;1;45824;1;45824;24577;32768}
}
{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 0}}{\s
p{\sn fLine}{\sv 0}}{\sp{\sn lineType}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\s
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g15}{\bkmkend Pg15}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\qj \li1627\ri1189\sb198\sl-260\slmult0\tx1987\tx1987 \up0 \exp
ndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscale
x102 \ul0\nosupersub\cf6\f7\fs24 Mobile penetration rose 64.9percent in 2011-1
2 against 60.4percent in 2010-11 which \line\tab \up0 \expndtw-3\charscalex100
shows an improvement of 4.3 percentage points in total teledensity. \par\pard\q
j \li1627\ri1187\sb124\sl-280\slmult0\tx1987\tx1987 \up0 \expndtw0\charscalex80
\ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\charscalex100 \ul0\nosupers
ub\cf6\f7\fs24 Due to mobile substitution, Fixed Local Loop teledensity has been
declining over the years \line\tab \up0 \expndtw-1\charscalex100 and it stands
now at 1.93 percent compared to 2.1 percent last year showing a decrease of \par
\pard\ql \li1987\sb4\sl-276\slmult0 \up0 \expndtw-3\charscalex100 0.17 percent.
\par\pard\li1627\sb124\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-2\charscalex100 \
ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub
\cf6\f7\fs24 Total mobile subscribers reached 118.3 million by the end of March
2012 as compared to\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw-2\cha
rscalex100 108.9 million last year.\par\pard\qj \li1627\ri1188\sb105\sl-280\slmu
lt0\tx1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \t
ab \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf6\f7\fs24 Subscribers of Local
Loop (FLL + WLL) reached at 5.93 million, out of which 3.10 \line\tab \up0
\expndtw-3\charscalex100 million belong to FLL and 2.83 million belong to WLL. \
par\pard\li1627\sb128\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-3\charscalex100 \u
l0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-3\charscalex100 \ul0\nosupersub\
cf6\f7\fs24 Broadband subscribers reached 1.9 million at the end of February 201
2.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-3\charscalex100
\ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-2\charscalex100 \ul0\nosupers
ub\cf6\f7\fs24 Revenues of the telecom sector during the 2011-12, standing at Rs
. 363 billion compared to\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw
-3\charscalex100 the last year 344.2 billion show an increase of 5.4 percent.\pa
r\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-3\charscalex100 \ul0
\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf

6\f7\fs24 In 2011, telecom sector invested US$ 495.8 million with cellular mobil
e sector being the\par\pard\li1627\sb0\sl-276\slmult0\fi360 \up0 \expndtw-3\char
scalex100 major contributor.\par\pard\ql \li1627\ri1185\sb121\sl-270\slmult0\tx1
987\tx1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \t
ab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf6\f7\fs24 In 2011, telecom se
ctor attracted over US$ 79 million Foreign Direct Investment (FDI) in \line\tab
\up0 \expndtw-4\charscalex100 the country which is about 5 percent of the total
FDI landed in Pakistan in 2011. Auction of \line \tab \up0 \expndtw-5\charscalex
100 3G licenses is expected which will bring more FDI in the country. \par\pard\
ql \li1627\ri1188\sb122\sl-280\slmult0\tx1987\tx1987\tx1987 \up0 \expndtw0\chars
calex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\charscalex100 \ul0\
nosupersub\cf6\f7\fs24 The Pakistan Telecommunication Authority and the State Ba
nk of Pakistan have signed a \line\tab \up0 \expndtw-2\charscalex100 Memorandum
of Understanding (MoU) both the institutions have shown their interest and \line
\tab \up0 \expndtw-3\charscalex100 commitment in stimulating mobile banking ser
vices in the country. \par\pard\ql \li1627\ri1186\sb124\sl-276\slmult0\tx1987\tx
1987\tx1987\tx1987\tx1987\tx1987 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf1
1\f12\fs24 ` \tab \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Ther
e has been a cumulative investment of approximately US $ 2.5 billion in the elec
tronic \line\tab \up0 \expndtw-3\charscalex100 media industry in Pakistan. New j
obs to more than 200,000 people of diversified skills and \line \tab \up0 \expnd
tw-1\charscalex100 qualifications have been provided. In addition, over se
ven million people have been \line \tab \up0 \expndtw0\charscalex100 accommod
ated through indirect employment. With the current growth rate of more than \lin
e \tab \up0 \expndtw0\charscalex100 seven percent per annum, it is estimated tha
t the cumulative investment in the electronic \line \tab \up0 \expndtw-4\charsca
lex100 media industry will reach above $ 3.0 billion by the end of the current f
inancial year. \par\pard\qj \li1627\ri1189\sb101\sl-280\slmult0\tx1987\tx1987 \u
p0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\ch
arscalex102 \ul0\nosupersub\cf6\f7\fs24 PBC External Services, broadcast program
mes for 08 hrs daily in 11 foreign languages \line\tab \up0 \expndtw-4\charscale
x100 covering Afghanistan, Iran, China, India, Bangladesh, Nepal and Sri Lanka.
\par\pard\ql \li1627\sb124\sl-276\slmult0\tx1987\tx4694 \up0 \expndtw0\charscale
x80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-3\charscalex100 \ul0\nosu
persub\cf6\f7\fs24 Central Production Units \tab \up0 \expndtw-3\charscalex100
(CPU) produce music, drama, features, documentaries and \par\pard\qj \li1
987\ri1247\sb18\sl-260\slmult0 \up0 \expndtw-1\charscalex100 programmes for sp
ecial occasions. CPU has over 2 million minutes recording in its \up0 \e
xpndtw-5\charscalex100 archives which are being digitized. \par\pard\ql \li1627\
ri1188\sb124\sl-280\slmult0\tx1987\tx1987\tx1987\tx1987 \up0 \expndtw0\charscale
x80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosup
ersub\cf6\f7\fs24 PBC News is putting on air 117 News bulletins daily. These inc
lude National, Regional, \line\tab \up0 \expndtw-3\charscalex100 External and Lo
cal News bulletins besides resume of National Assembly and Senate. PBC \line \ta
b \up0 \expndtw0\charscalex100 news launched broadcast FATA News, special news b
ulletins from PBC Hyderabad on \line \tab \up0 \expndtw-4\charscalex100 rain/ fl
ood situation and ongoing rescue and relief activities in Urdu and Sindhi langua
ges. \par\pard\qj \li1627\ri1189\sb101\sl-280\slmult0\tx1987\tx1987 \up0 \expndt
w0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-4\charscalex1
00 \ul0\nosupersub\cf6\f7\fs24 Pakistan Post provides services through a network
of 12,035 (1,797 urban and 10,238 rural) \line\tab \up0 \expndtw-5\charscalex10
0 post offices across the country. \par\pard\li1627\sb135\sl-276\slmult0\fi0\tx1
987 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expn
dtw-2\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Money Orders of Benazir Income S
upport Programme amounting to Rs.16,642.0 million\par\pard\li1627\sb0\sl-276\slm
ult0\fi360 \up0 \expndtw-3\charscalex100 have been paid within prescribed period
of time.\par\pard\li1627\sb120\sl-276\slmult0\fi0\tx1987 \up0 \expndtw-3\charsc
alex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw-2\charscalex100 \ul0\n
osupersub\cf6\f7\fs24 55 Small and Smart Express Centres have been set up in the
urban areas.\par\pard\ql \li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb5\sl-

276\slmult0 \up0 \expndtw-3\charscalex100 13


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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g16}{\bkmkend Pg16}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\ql \li1627\ri1249\sb189\sl-270\slmult0\tx1987\tx1987 \up0 \exp
ndtw0\charscalex104 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24
\ul0\nosupersub\cf6\f7\fs24 During the period July-March 2011-12 an amount of
Rs. 160,266.9 million has been \line\tab \up0 \expndtw0\charscalex104 collecte
d through National Savings Schemes and earned commission amounting to Rs. \line
\tab \up0 \expndtw-3\charscalex100 801.3 million during this period. \par\pard\q
l \li1440\sb0\sl-276\slmult0 \par\pard\ql\li1440\sb130\sl-276\slmult0 \up0 \expn
dtw-3\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Energy \par\pard\ql \li1440\ri
1187\sb241\sl-280\slmult0\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex8
0 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosuper
sub\cf6\f7\fs24 Primary energy supply during current year is 64.52 million TOE c
ompared to 63.09 million \line\tab \up0 \expndtw0\charscalex100 TOE last year th
us showing an increase of 2.3 percent. The availability of energy per capita \li
ne \tab \up0 \expndtw0\charscalex100 in 2011 remained 0.372 Tone Oil Equivalent
TOE compared to 0.371 Tone Oil Equivalent \line \tab \up0 \expndtw-3\charscalex1
00 (TOE) in 2010 posting a positive growth rate of 0.16 percent. \par\pard\ql \l
i1440\ri1189\sb129\sl-270\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex
80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\nosup
ersub\cf6\f7\fs24 The average crude oil production during July-March 2011-12 rem
ained 66032 barrels per day \line\tab \up0 \expndtw0\charscalex103 as against 65
997 barrels per day during the corresponding period of last year, showing an \li
ne \tab \up0 \expndtw-3\charscalex100 increase of 0.05 percent. \par\pard\qj \li
1440\ri1188\sb122\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\
nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6
\f7\fs24 The industrial sector had shown positive growth of 24.2 percent in the
consumption of \line\tab \up0 \expndtw-2\charscalex100 petroleum products durin
g July-March 2011-12 when compared with last year,. \par\pard\ql \li1440\sb124\s
l-276\slmult0\tx1800\tx8837 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12
\fs24 ` \tab \up0 \expndtw0\charscalex103 \ul0\nosupersub\cf6\f7\fs24 Transport
sector surprisingly showed a relative small growth of \tab \up0 \expndtw
0\charscalex103 3.5 percent in the \par\pard\qj \li1800\ri1247\sb0\sl-280\slm
ult0 \up0 \expndtw0\charscalex100 consumption of petroleum products as consumpti
on of petroleum product in transport sector \up0 \expndtw0\charscalex102 remaine
d 6,832.9 million tones during July-March 2011-12 compared to 6,599.1 million
\up0 \expndtw-3\charscalex100 tones during corresponding period last year. \par
\pard\ql \li1440\ri1187\sb110\sl-270\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw0
\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100
\ul0\nosupersub\cf6\f7\fs24 The consumption of petroleum products in the
power sector was 8,139 million tones \line\tab \up0 \expndtw0\charscalex104
compared to 8,814 million tones last year which hampered the growth in this sec
tor, thus \line \tab \up0 \expndtw-3\charscalex100 posting negative growth of 5.
2 percent in this sector. \par\pard\ql \li1440\ri1187\sb122\sl-280\slmult0\tx180
0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab
\up0 \expndtw0\charscalex107 \ul0\nosupersub\cf6\f7\fs24 The gas sector supply

increased by 4.9 percent in July-March 2011-12 as the average \line\tab \up0 \


expndtw-1\charscalex100 production of natural gas was 4236.06 million cubic feet
per day (mmcfd) during this period \line \tab \up0 \expndtw-2\charscalex100 whi
le it was 4,050.83 million cubic feet per day (mmcfd) in corresponding period la
st year. \par\pard\li1440\sb126\sl-276\slmult0\fi0\tx1800 \up0 \expndtw0\charsca
lex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nos
upersub\cf6\f7\fs24 Natural gas in the form of CNG posted a positive growth 10.8
percent during July-March\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndt
w0\charscalex100 2011-12.\par\pard\ql \li1440\ri1185\sb106\sl-276\slmult0\tx1800
\tx1800\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\
cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf6\f7\fs24 Th
e contribution of Hydel in electricity generation increased to 33.6 percent in 2
010-11. \line\tab \up0 \expndtw0\charscalex105 Water and Power Development Autho
rity (WAPDA) remained the main contributor to \line \tab \up0 \expndtw0\charsca
lex100 electricity generation with 48.7 percent coming from this source. Karachi
Electricity Supply \line \tab \up0 \expndtw-3\charscalex100 Corporation \up0 \e
xpndtw0\charscalex100 (KESC), Pakistan Atomic Energy Commission (PAEC), Ko
t Addu Power \line \tab \up0 \expndtw0\charscalex105 Company (KAPCO) and the H
ub Power Company (HUBCO) have 8.3, 3.6, 6.2 and 9.1 \line \tab \up0 \expndtw-2\c
harscalex100 percent, respectively. Independent Power Producers \up0 \expndt
w-1\charscalex100 (IPPs) have contributed almost \up0 \expndtw-3\charscalex10
0 25 \par\pard\ql \li1800\sb4\sl-276\slmult0 \up0 \expndtw-3\charscalex100 perce
nt. \par\pard\ql \li1440\ri1188\sb127\sl-273\slmult0\tx1800\tx1800\tx1800\tx1800
\up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw1\charscalex100 \ul0\nosupersub\cf6\f7\fs24 WAPDA is executing, on priority basi
s, the projects such as 969 MW-Neelum Jhelum, 1410 \line\tab \up0 \expndtw0\char
scalex102 MW-Tarbela 4\ul0\super\cf13\f14\fs23 th\ul0\nosupersub\cf6\f7\fs24 Ex
tension, 7100 MW-Bunji, 4320 MW-Dasu, 740-MW Munda Dam and \line \tab \up0 \expn
dtw0\charscalex105 most mentionable 4500 MW-Diamer Bhasha Dam projects, to cope
with the increasing \line \tab \up0 \expndtw-3\charscalex100 demand of power. \
par\pard\qj \li1440\ri1188\sb122\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\cha
rscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0
\nosupersub\cf6\f7\fs24 Almost 96 percent work on the main dam at Mangla, spillw
ay and allied facilities had been \line\tab \up0 \expndtw0\charscalex100 complet
ed and resettlement work is in progress. Likewise 99.7 percent work on Satpara a
nd \par\pard\ql \li1800\sb4\sl-276\slmult0 \up0 \expndtw-3\charscalex100 72.1 pe
rcent on Gomal Zam dam has been completed. \par\pard\ql \li6000\sb0\sl-276\slmul
t0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb72\sl-276\slmult
0 \up0 \expndtw-3\charscalex100 14
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g17}{\bkmkend Pg17}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\qj \li1440\ri1187\sb198\sl-260\slmult0\tx1800\tx1800 \up0 \exp
ndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscale
x100 \ul0\nosupersub\cf6\f7\fs24 Pakistan is one of the beneficiaries of Tetra-p
artner power import project under the head of \line\tab \up0 \expndtw-3\charscal
ex100 Central Asia-South Asia (CASA-1000) electricity trade. \par\pard\ql \li144
0\ri1186\sb124\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \

ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex104 \ul0\nosupersub


\cf6\f7\fs24 The household sector consumed 44 percent of the total electricity g
enerated followed by \line\tab \up0 \expndtw-2\charscalex100 industrial (26 perc
ent), government (12.3 percent), agriculture (10.4 percent) and commercial \line
\tab \up0 \expndtw-3\charscalex100 (6.8 percent) during July-March 2011-12. \pa
r\pard\ql \li1440\ri1188\sb126\sl-273\slmult0\tx1800\tx1800\tx1800\tx1800 \up0 \
expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-2\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 The major users of coal are the cement sect
or and brick kilns; about 60 percent of total coal is \line\tab \up0 \expndtw0\c
harscalex100 consumed by cement while 39 percent is consumed by the brick kiln i
ndustry during current \line \tab \up0 \expndtw0\charscalex103 year as compared
to 62 percent consumption of coal in cement industry and 37 percent in \line \ta
b \up0 \expndtw-3\charscalex100 brick kiln industry last year. \par\pard\ql \li1
800\sb125\sl-276\slmult0 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf10\f11\
fs24 Alternative Sources of Energy \par\pard\ql \li2160\ri1247\sb121\sl-280\slmu
lt0\tx2520\tx2520\tx2520 \up0 \expndtw-3\charscalex100 \ul0\nosupersub\cf6\f7\fs
24 \u8226? \tab \up0 \expndtw-3\charscalex100 National Grid Code for wind power
projects has been amended. Grid Integration Plan \line\tab \up0 \expndtw0\charsc
alex103 2010 -2015 for wind power projects is developed by AEDB to support Nati
onal \line \tab \up0 \expndtw-3\charscalex100 Transmission and Dispatch Company
(NTDC). \par\pard\ql \li2160\ri1248\sb149\sl-270\slmult0\tx2520\tx2520\tx2520 \u
p0 \expndtw-3\charscalex100 \u8226? \tab \up0 \expndtw-3\charscalex100 Productiv
e Use of Renewable Energy (PURE) Project is being implemented to install \line\t
ab \up0 \expndtw0\charscalex100 103 hydro power plants in Khyber Pakhtunkhwa (KP
K) and Gilgit Baltistan (GB), \line \tab \up0 \expndtw-5\charscalex100 with the
total cost of US$ 19.5 million. \par\pard\qj \li2160\ri1247\sb142\sl-280\slmult0
\tx2520\tx2520 \up0 \expndtw-3\charscalex100 \u8226? \tab \up0 \expndtw0\charsca
lex105 AEDB has initiated a program with the assistance of Deutsche Gesellschaft
fr \line\tab \up0 \expndtw-4\charscalex100 Internationale Zusammenarbeit \up0 \
expndtw0\charscalex100 (GIZ) to assist the provinces to solicit private \
par\pard\qj \li2520\ri1248\sb9\sl-270\slmult0 \up0 \expndtw0\charscalex102 inves
tments in small hydro sector; under this program pre-feasibility study for 25 \l
ine \up0 \expndtw-1\charscalex100 hydro sites in AJK, Sindh, Punjab and K
PK with the cumulative capacity of \line \up0 \expndtw-1\charscalex100 284.
14MW has been completed. Public sector Hydro power projects are initiated in \pa
r\pard\qj \li2520\ri1248\sb2\sl-280\slmult0 \up0 \expndtw-1\charscalex100 (a) KP
K (worth U$ 150.99 Million, of 17.0MW, 36.6MW and 2.6 MW), (b) Punjab \up0 \expn
dtw-2\charscalex100 (worth U$ 138.74 Million, of 5.38MW, 4.04MW, 2.82MW, 4.16 MW
and 7.64MW) \up0 \expndtw-3\charscalex100 and (c) Gilgit Baltistan (worth U$ 71
.12 Million, of 26MW and 4MW. \par\pard\ql \li2160\ri1247\sb124\sl-276\slmult0\t
x2520\tx2520\tx2520\tx2520\tx2520\tx2520 \up0 \expndtw-3\charscalex100 \u8226? \
tab \up0 \expndtw-4\charscalex100 AEDB has issued a LoI to set up a 12MW Biomass
to Energy power project in Sindh, \line\tab \up0 \expndtw-3\charscalex100 based
exclusively on Biogas / Agricultural Waste. The project is jointly sponsored by
\line \tab \up0 \expndtw0\charscalex100 investors from US and local entrepreneu
rs, the SSJD Bio Energy. Another LoI has \line \tab \up0 \expndtw-1\charscalex10
0 been issued to M/s Lumen Energia Pvt Ltd. to set up a 12MW power plant at Jhan
g \line \tab \up0 \expndtw-4\charscalex100 based on agricultural waste like cott
on stalk, rice husk, sugarcane trash, biogas, wheat \line \tab \up0 \expndtw-5\c
harscalex100 chaff and other crops as multi-fuel sources \par\pard\ql \li2160\ri
1248\sb149\sl-270\slmult0\tx2520\tx2520\tx2520 \up0 \expndtw-3\charscalex100 \u8
226? \tab \up0 \expndtw0\charscalex102 Three thousand Solar Home Systems have be
en installed in 49 villages of district \line\tab \up0 \expndtw-3\charscalex100
Tharparkar, Sindh. Another 51 villages in Sindh and 300 villages in Balochistan
have \line \tab \up0 \expndtw-3\charscalex100 been approved for electrification
using solar energy and will be implemented. \par\pard\ql \li1440\sb0\sl-276\slmu
lt0 \par\pard\ql\li1440\sb130\sl-276\slmult0 \up0 \expndtw-5\charscalex100 \ul0\
nosupersub\cf10\f11\fs24 Social Safety Nets \par\pard\qj \li1440\ri1248\sb158\sl
-260\slmult0\tx1800 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf11\f12\fs24
`\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Sanitation situation

at household level has registered an improvement, in terms of 66 percent \line\


tab \up0 \expndtw-5\charscalex100 of population using flush toilets compared to
63 percent in 2008-09. \par\pard\ql \li1440\ri1248\sb124\sl-280\slmult0\tx1800\t
x1800\tx1800 \up0 \expndtw-4\charscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\n
osupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 Benazir Income Support Prog
ramme launched by the government with the primary objective \line\tab \up0 \expn
dtw-1\charscalex100 of providing immediate relief to poor. It has made remarkabl
e progress by providing much \line \tab \up0 \expndtw0\charscalex103 needed reli
ef to over 4 million recipients including Internally Displaced Persons, flood \
line \tab \up0 \expndtw-5\charscalex100 affectees and bomb blast victims all ove
r Pakistan. \par\pard\ql \li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb108\sl
-276\slmult0 \up0 \expndtw-3\charscalex100 15
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g18}{\bkmkend Pg18}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\qj \li1440\ri1189\sb198\sl-260\slmult0\tx1800\tx1800 \up0 \exp
ndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscale
x106 \ul0\nosupersub\cf6\f7\fs24 Rs 122 billion up to March, 2012 have been disb
ursed to its beneficiaries. BISP has an \line\tab \up0 \expndtw-3\charscalex100
allocation of Rs 50.00 billion for the fiscal year 2011-12. \par\pard\li1440\sb1
39\sl-276\slmult0\fi0\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf11\f
12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 BISP reci
pients are expected to be increased to 7 million once the on-going processing of
\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw0\charscalex100 data coll
ection during the \u8220?nation-wide poverty scorecard targeting survey\u8221? i
s completed.\par\pard\li1440\sb120\sl-276\slmult0\fi0\tx1800 \up0 \expndtw0\char
scalex100 \ul0\nosupersub\cf11\f12\fs24 `\tab \up0 \expndtw0\charscalex100 \ul0\
nosupersub\cf6\f7\fs24 BISP has launched a number of programms of society safety
including (i) Payment to\par\pard\li1440\sb0\sl-276\slmult0\fi360\tx3020\tx585
5\tx8049\tx10523 \up0 \expndtw0\charscalex100 Recipients,\tab \up0 \expndtw0\cha
rscalex100 (ii) Graduation Initiatives,\tab \up0 \expndtw0\charscalex100 (iii)
Waseela-e-Haq,\tab \up0 \expndtw0\charscalex100 (iv) Waseela-e-Rozgar,\tab \u
p0 \expndtw0\charscalex100 (v)\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \ex
pndtw0\charscalex100 Waseela-e-Sehat and (vi) Waseela-e-Taleem.\par\pard\ql \li1
440\ri1187\sb105\sl-280\slmult0\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\chars
calex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex102 \ul0\n
osupersub\cf6\f7\fs24 Pakistan Poverty Alleviation Fund is dedicated for micro c
redit, enterprise development, \line\tab \up0 \expndtw-3\charscalex100 community
based infrastructure and energy projects, livelihood enhancement and protection
, \line \tab \up0 \expndtw0\charscalex100 social mobilization, and capacity buil
ding. The overall disbursements for core operations \line \tab \up0 \expndtw-3\c
harscalex100 during the period of July- December 2012 are Rs. 8,490 million. \pa
r\pard\ql \li1440\ri1188\sb101\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw
0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\charscalex10
0 \ul0\nosupersub\cf6\f7\fs24 Pakistan Bait-ul-Mal is making a significant contr
ibution in poverty reduction by providing \line\tab \up0 \expndtw0\charscalex103
assistance to destitute, Widows, Orphans, and other needy. Rs. 1777.5 million
has been \line \tab \up0 \expndtw-3\charscalex100 utilised upto February 2012 on

various schemes. \par\pard\ql \li1440\ri1188\sb129\sl-270\slmult0\tx1800\tx1800


\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \e
xpndtw-2\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Zakat funds have been utilize
d for assistance to the needy, indigent, poor, orphans, widows, \line\tab \up0 \
expndtw-3\charscalex100 handicapped and disabled. Up to March, 2012 Rs. 7800.268
million have been distributed in \line \tab \up0 \expndtw-5\charscalex100 bulk
amongst the provinces. \par\pard\ql \li1440\ri1188\sb126\sl-275\slmult0\tx1800\t
x1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\
fs24 ` \tab \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Peoples Wo
rks programme (PWP) I & II are providing electricity, gas, farm to market roads
\line\tab \up0 \expndtw-2\charscalex100 and other services to the rural poor. PW
P-I & II incurred expenditures of Rs. 5.0 billion and \line \tab \up0 \expndtw0\
charscalex100 Rs 21.3 billion during 2010-11 respectively where as Rs 2.2 billio
n expenditure have been \line \tab \up0 \expndtw0\charscalex100 incurred between
July-December 2011-12 on PWP-I and Rs 2.9 billion expenditures on \line \tab
\up0 \expndtw-5\charscalex100 PWP-II. \par\pard\ql \li1440\ri1187\sb121\sl-280\s
lmult0\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12
\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Employees
Old Age Benefits Institution provided benefits to the old age workers through \l
ine\tab \up0 \expndtw-3\charscalex100 Old Age Pension, Invalidity Pension, Survi
vors Pension and Old Age Grants and Rs. 7961.2 \line \tab \up0 \expndtw-5\charsc
alex100 million has been utilized during July- March 2011-12. \par\pard\qj \li14
40\ri1188\sb137\sl-260\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\no
supersub\cf11\f12\fs24 ` \tab \up0 \expndtw0\charscalex100 \ul0\nosupersub\cf6\f
7\fs24 Workers Welfare Fund utilised Rs. 2539 millions during July-March 2011-12
for housing \line\tab \up0 \expndtw-4\charscalex100 facilities and Marriage Gra
nt, Death Grant and Scholarships etc. for the industrial workers. \par\pard\qj
\li1440\ri1188\sb124\sl-280\slmult0\tx1800\tx1800 \up0 \expndtw0\charscalex80 \u
l0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw-1\charscalex100 \ul0\nosupersub
\cf6\f7\fs24 Government has also taken various micro-finance initiatives
in collaboration with all \line\tab \up0 \expndtw-4\charscalex100 stakeholder
s to generate employment opportunities and to eliminate poverty. \par\pard\ql \l
i1440\sb0\sl-276\slmult0 \par\pard\ql\li1440\sb128\sl-276\slmult0 \up0 \expndtw5\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Environment \par\pard\ql \li1440\r
i1244\sb121\sl-280\slmult0\tx1800\tx1800\tx1800 \up0 \expndtw-1\charscalex100 \u
l0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7
\fs24 A number of projects have been funded by the government to de
al with increasing \line\tab \up0 \expndtw-4\charscalex100 environmental degra
dation. In addition, there are number of projects funded by the donors in \line
\tab \up0 \expndtw-4\charscalex100 which the government is a partner. These are
being currently implemented to improve overall \line \tab \up0 \expndtw-5\chars
calex100 environment in the country. \par\pard\ql \li1440\ri1247\sb104\sl-276\sl
mult0\tx1800\tx1800\tx1800\tx1800\tx1800 \up0 \expndtw0\charscalex100 \ul0\nosup
ersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24
Climate change is an area that has become increasingly important in recent years
. In this \line\tab \up0 \expndtw-3\charscalex100 regard, the National Clima
te Change Policy 2011 provides a framework for addressing the \line \tab \up0 \e
xpndtw-2\charscalex100 issues that Pakistan faces or will face in future due to
the changing climate. The goal of the \line \tab \up0 \expndtw0\charscalex102
policy is to ensure that climate change is mainstreamed in the economically and
socially \line \tab \up0 \expndtw0\charscalex103 vulnerable sectors of the e
conomy and to steer Pakistan towards climate resilient \line \tab \up0 \e
xpndtw-5\charscalex100 development. \par\pard\ql \li6000\sb0\sl-276\slmult0 \par
\pard\ql\li6000\sb88\sl-276\slmult0 \up0 \expndtw-3\charscalex100 16
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}}\par\pard\sect\sectd\fs24\paperw12240\paperh15840\pard\sb0\sl-240{\bkmkstart P
g19}{\bkmkend Pg19}\par\pard\ql \li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\s
b0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up0 \expndtw-3\chars
calex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakistan Economic Survey
2011-12 \par\pard\ql \li1440\ri1188\sb187\sl-273\slmult0\tx1800\tx1800\tx1800\tx
1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expn
dtw0\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Urban air pollution remains one o
f the most significant environmental problems, facing the \line\tab \up0 \expndt
w0\charscalex103 cities. A substantial body of research demonstrates that high c
oncentrations of suspended \line \tab \up0 \expndtw-2\charscalex100 particulate
matter adversely affect human health; prolong a wide range of respiratory diseas
es \line \tab \up0 \expndtw-3\charscalex100 and increased the probability of hea
rt ailments. \par\pard\ql \li1440\ri1187\sb126\sl-275\slmult0\tx1800\tx1800\tx18
00\tx1800\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \ta
b \up0 \expndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs24 The higher concentra
tion of suspended particulate matter (SPM) in the air is a major issue in \line\
tab \up0 \expndtw0\charscalex100 Pakistan. The main sources of SPM are vehicular
emission, industrial emissions, burning of \line \tab \up0 \expndtw0\charscalex
102 Solid waste, pollens, brick kilns and natural dust. Motorcycles and rickshaw
s, due to their \line \tab \up0 \expndtw-1\charscalex100 two stroke (2-strokes)
engines, are the most inefficient in burning fuel and contribute most to \line \
tab \up0 \expndtw-2\charscalex100 emissions. \par\pard\qj \li1440\ri1188\sb121\s
l-280\slmult0\tx1860\tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12
\fs24 ` \tab \up0 \expndtw0\charscalex106 \ul0\nosupersub\cf6\f7\fs24 The situat
ion of access to drinking water is quite impressive in Pakistan. According to \l
ine\tab \up0 \expndtw0\charscalex106 Pakistan Bureau of Statistics report \u
p0 \expndtw0\charscalex106 (PBS) Pakistan Social and Living Standards \par\
pard\qj \li1800\ri1246\sb0\sl-280\slmult0\tx3259 \up0 \expndtw-3\charscalex100 M
easurement \tab \up0 \expndtw0\charscalex103 (PSLM) Survey 2010-11, access t
o drinking water to urban and rural \line\up0 \expndtw0\charscalex105 popu
lation of Pakistan is 94 and 84 percent, with an average of 87 percent in 201
1. In \line \up0 \expndtw-1\charscalex100 Pakistan sanitation facilities are imp
roving. However, much improvement is needed for rural \line \up0 \expndtw-2\char
scalex100 areas sanitation facilities. According to PSLM Survey \up0 \expn
dtw-2\charscalex100 2007-08,the garbage collection \par\pard\qj \li1800\ri1247
\sb0\sl-260\slmult0 \up0 \expndtw-2\charscalex100 facilities to the population
is only 14 percent done through municipalities, 7 percent through \up0 \expndtw
-3\charscalex100 privately managed and remaining 79 percent have no system. \par
\pard\ql \li1440\ri1187\sb125\sl-276\slmult0\tx1800\tx1800\tx1800\tx1800\tx1800\
tx1800 \up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \ex
pndtw-1\charscalex100 \ul0\nosupersub\cf6\f7\fs24 According to a report released
by the WHO/UNICEF Joint Monitoring Program (JMP) 2012, \line\tab \up0 \expndtw0
\charscalex102 92 percent people had gained access to drinking water in Pakistan
by 2010 while this ratio \line \tab \up0 \expndtw0\charscalex100 was 85 percent
and 89 percent in 1990 and 2000 respectively. The MDG target is to achieve \lin
e \tab \up0 \expndtw0\charscalex105 the ratio of 93 percent by 2015. Moreover, 4
8 percent people have been using improved \line \tab \up0 \expndtw0\charscalex10
3 sanitation by \up0 \expndtw0\charscalex106 2010 while this ratio was 27 perc
ent and 37 percent in 1990 and 2000 \line \tab \up0 \expndtw-2\charscalex100
respectively. The MDG target for access to sanitation is 90 percent by 2015. \pa
r\pard\ql \li1440\ri1186\sb125\sl-275\slmult0\tx1800\tx1800\tx1800\tx1800\tx1800
\up0 \expndtw0\charscalex80 \ul0\nosupersub\cf11\f12\fs24 ` \tab \up0 \expndtw0
\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Damage and Need Assessment Report joi
ntly prepared by the Asian Development Bank and \line\tab \up0 \expndtw-2\charsc
alex100 the World Bank regarding floods 2011, it has been pointed out that in ad

dition to causing loss \line \tab \up0 \expndtw0\charscalex103 of life, displace


ment of millions, and huge losses to the economy, the floods in 2011 have \line
\tab \up0 \expndtw0\charscalex100 also resulted in environmental damages, height
ened environmental health risks and affected \line \tab \up0 \expndtw-3\charscal
ex100 forests, wetlands and other natural systems. \par\pard\li1440\sb132\sl-276
\slmult0\fi0\tx1800\tx10140 \up0 \expndtw0\charscalex102 \ul0\nosupersub\cf11\f1
2\fs24 `\tab \up0 \expndtw0\charscalex103 \ul0\nosupersub\cf6\f7\fs24 The Envir
onmental damage caused by floods has been estimated at Rs.\tab \up0 \ex
pndtw0\charscalex102 2762.7\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expnd
tw0\charscalex103 million (US $ 31.8 million) and Environmental recovery/reco
nstruction needs has been\par\pard\li1440\sb0\sl-276\slmult0\fi360 \up0 \expndtw
0\charscalex102 estimated
at Rs. 2873.6 million (US $ 33.02 million).\par\par
d\ql \li1440\sb0\sl-276\slmult0 \par\pard\ql\li1440\sb109\sl-276\slmult0 \up0 \e
xpndtw-3\charscalex100 \ul0\nosupersub\cf10\f11\fs24 Flood Impact Assessment \pa
r\pard\ql \li1440\ri1248\sb149\sl-270\slmult0\tx1800\tx1800 \up0 \expndtw-1\char
scalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosup
ersub\cf6\f7\fs24 Severe monsoon rains triggered floods in Southern Pakistan a
t an unprecedented scale, both \line\tab \up0 \expndtw0\charscalex100 in terms o
f volume and intensity, engulfing all 23 districts of Sindh Province and adjoini
ng \line \tab \up0 \expndtw-3\charscalex100 areas of northern Balochistan Provin
ce. \par\pard\qj \li1440\ri1249\sb122\sl-280\slmult0\tx1800 \up0 \expndtw0\chars
calex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupe
rsub\cf6\f7\fs24 Approximately, 9.6 million people were affected in Sindh and
Balochistan as a result of the \line\tab \up0 \expndtw-3\charscalex100 floods; 5
20 people died and more than 1180 people were injured. \par\pard\qj \li1440\ri12
47\sb121\sl-280\slmult0\tx1800 \up0 \expndtw-2\charscalex100 \ul0\nosupersub\cf1
1\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 According
to World Bank and Asian Development Bank report, 27,000 sq.Km area damaged \lin
e\tab \up0 \expndtw-3\charscalex100 in Sindh province out of the total 27,370 sq
. Km. \par\pard\qj \li1440\ri1248\sb101\sl-280\slmult0\tx1800 \up0 \expndtw-2\ch
arscalex100 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nos
upersub\cf6\f7\fs24 The flood caused total or partial damages to an estimated
998,376 housing units in Sindh and \line\tab \up0 \expndtw-3\charscalex100 Baloc
histan. \par\pard\ql \li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb48\sl-276\
slmult0 \up0 \expndtw-3\charscalex100 17
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00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145
00145145001451450014514500145145001451450014514500145145001451450014514500145145

00145145001451450014514500145145001451450014514500145145007fffd9}}}}}\pard\sb0\s
l-240{\bkmkstart Pg20}{\bkmkend Pg20}\par\pard\ql \li3553\sb0\sl-276\slmult0 \pa
r\pard\ql\li3553\sb0\sl-276\slmult0 \par\pard\ql\li3553\sb200\sl-276\slmult0 \up
0 \expndtw-3\charscalex100 \ul0\nosupersub\cf6\f7\fs24 Highlights of the Pakista
n Economic Survey 2011-12 \par\pard\qj \li1440\ri1246\sb198\sl-260\slmult0\tx180
0 \up0 \expndtw0\charscalex104 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf
7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The highest damage occurred in the agri
culture, livestock and fisheries sector, has been \line\tab \up0 \expndtw-3\char
scalex100 estimated at Rs.160 billion (US$ 1.84 billion). \par\pard\qj \li1440\r
i1246\sb124\sl-280\slmult0\tx1800 \up0 \expndtw0\charscalex102 \ul0\nosupersub\c
f11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24 \ul0\nosupersub\cf6\f7\fs24 The tot
al damage caused by 2011 floods has been estimated [direct damage and indirect \
line\tab \up0 \expndtw-3\charscalex100 losses] amounting to Rs.324.5 billion (US
$ 3.7 billion). \par\pard\qj \li1440\ri1247\sb121\sl-280\slmult0\tx1800 \up0 \ex
pndtw0\charscalex102 \ul0\nosupersub\cf11\f12\fs24 `\ul0\nosupersub\cf7\f8\fs24
\ul0\nosupersub\cf6\f7\fs24 The total cost of recovery and reconstruction nee
ds has been estimated at Rs.239 billion \line\tab \up0 \expndtw-3\charscalex100
(US$ 2.7 billion). \par\pard\ql \li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\s
b0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0
\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\s
l-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-27
6\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\
slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\sl
mult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmu
lt0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult
0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0
\par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \p
ar\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par
\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\p
ard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\par
d\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\
ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql
\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\l
i6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6
000\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li600
0\sb0\sl-276\slmult0 \par\pard\ql\li6000\sb0\sl-276\slmult0 \par\pard\ql\li6000\
sb184\sl-276\slmult0 \up0 \expndtw-3\charscalex100 18 \par\pard\sect\sectd\fs24}

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