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    Economic Survey of Pakistan

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    Afia Iqbal
    The document provides an overview of Pakistan's economic survey for 2020-21, with a focus on developments in the agriculture sector. Some key points include: - The GDP growth rate for 2020-21 is estimated at 3.94%, higher than the target of 2.1% but lower than the previous year. - The agriculture sector grew by 2.77% compared to the target of 2.8%. Wheat production increased by 8.1% while cotton production declined by 22.8%. - Various measures were taken to support agriculture, including a national agriculture emergency program worth Rs. 277 billion and increasing the minimum wheat support price. - Livestock accounts for 60.07% of agriculture value addition and 11

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    Economic Survey of Pakistan

    Uploaded by

    Afia Iqbal
    28 views13 pages
    The document provides an overview of Pakistan's economic survey for 2020-21, with a focus on developments in the agriculture sector. Some key points include: - The GDP growth rate for 2020-21 is estimated at 3.94%, higher than the target of 2.1% but lower than the previous year. - The agriculture sector grew by 2.77% compared to the target of 2.8%. Wheat production increased by 8.1% while cotton production declined by 22.8%. - Various measures were taken to support agriculture, including a national agriculture emergency program worth Rs. 277 billion and increasing the minimum wheat support price. - Livestock accounts for 60.07% of agriculture value addition and 11

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    Economic survey of Pakistan

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    The document provides an overview of Pakistan's economic survey for 2020-21, with a focus on developments in the agriculture sector. Some key points include: - The GDP growth rate for 2020-21 is estimated at 3.94%, higher than the target of 2.1% but lower than the previous year. - The agriculture sector grew by 2.77% compared to the target of 2.8%. Wheat production increased by 8.1% while cotton production declined by 22.8%. - Various measures were taken to support agriculture, including a national agriculture emergency program worth Rs. 277 billion and increasing the minimum wheat support price. - Livestock accounts for 60.07% of agriculture value addition and 11

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    28 views13 pages

    Economic Survey of Pakistan

    Uploaded by

    Afia Iqbal
    The document provides an overview of Pakistan's economic survey for 2020-21, with a focus on developments in the agriculture sector. Some key points include: - The GDP growth rate for 2020-21 is estimated at 3.94%, higher than the target of 2.1% but lower than the previous year. - The agriculture sector grew by 2.77% compared to the target of 2.8%. Wheat production increased by 8.1% while cotton production declined by 22.8%. - Various measures were taken to support agriculture, including a national agriculture emergency program worth Rs. 277 billion and increasing the minimum wheat support price. - Livestock accounts for 60.07% of agriculture value addition and 11

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    Economic Survey of Pakistan

    (2020-21)
    Junaid Hafeez,
    Administrator, School of Agriculture
    • Important for Agriculture Officer Test, Current Affairs/GK
    And Interviews.
    Overview of the Economy:
    • NCOC (National command and operating Centre) as a single
    organization for key decisions.
    • Prior to Covid 19, the working population was 55.740M
    • This number declined to 35.040M
    • Due to prudent decisions, Working population reached to
    52.560M till October, 2020.
    • Manufacturing: first 9 months of FY-2021, highest period wise
    growth of 8.99% since FY2007.
    Overview of the Economy:
    • Current account: Posted a surplus of $0.8 billion, during July-April ,
    FY2021 for the first time in 17 years.
    • Home Remittances: Posted historically high growth of 29% and reached
    to $24.2 Billion (Roshan digital Account inflows crossed 1Billion $
    mark).
    • SBP’s foreign exchange reserves rose to $16 Billion.
    • Pakistan has been added into Amazon’s seller list.
    • Pakistan stock exchange earned the title of being the best Asian Stock
    market and fourth best performing market across the world in 2020.
    Agriculture:
    • GDP (Gross Domestic Product) growth rate is estimated as 3.94%.
    (higher than the targeted growth of 2.1%) (-0.47% FY-2020):
    • Growth in Agriculture: 2.77 % (Target 2.8%)
    • Growth in Industrial Sector: 3.57%
    • Growth in Services Sector: 4.43%
    • NAEP (National Agriculture Emergency Programme with a cost of
    Rs. 277 billion rupee is already underway (13 Mega projects).
    • Rabi Package of Rs. 5.4 billion to reduce input cost.
    Agriculture:
    • The minimum support price of wheat further has been further
    enhanced from Rs. 1400 to Rs. 1800 per 40 KG.
    • The Agriculture Credit disbursement target for the current fiscal
    year has been set as Rs. 1500 Billion.
    • Agriculture Sector Contributes 19.2 % to the GDP.
    • Agriculture Sector Provides employment to around 38.5% of the
    labour force.
    • More than 65-70 % of the population depends on agriculture for
    its livelihood.
    Agriculture:
    • Agriculture transformation Plan:
    • Ministry of National Food Security and Research
    • Kharif Season(The first sowing Season):
    Starts from April to June & is harvested from October to December.
    e.g. rice, sugarcane, cotton, maize, moong, mash, Bajra and Jowar.
    • Rabi Season (The second season):
    Sowing begins October to December & is harvested from april to
    May. e.g. Wheat, gram, lentil (masoor). Tobacco, rapeseed, barley
    and mustard.
    Agriculture:
    • The overall crop sector having a share of 35.81% in agriculture value
    addition & 6.87 % in GDP.
    • Growth of Important crops (Wheat, rice, sugarcane, maize and cotton)
    was 4.65%, contributes 22.49 % to value addition in agriculture &
    4.32% in GDP:
    • Major Kharif crops:
    • Production of sugarcane increased by 22% to 81.009m tonnes.
    • Rice by 13.6% to 8.419 m tonnes.
    • Maize by 7.4 % to 8.465 million tonnes.
    • The cotton production reduced by 22.8 %, to 7.064 million bales from
    9.148 million bales last year.
    Agriculture:
    • Wheat, the most important Rabi Crop, growth of 8.1 % and reaches to
    27.293 million tonnes production.
    • Wheat area increased to 9.178 million hectares.
    • Other crops having a share of 11.69 % in agriculture value addition and
    2.24 % in GDP, showed growth of 1.41%
    • Cotton ginning declined by 15.58%.
    • Livestock Having a share of 60.07 % in agriculture and 11.53 % in GDP.
    • The fishing share 0.39 % share in GDP and Forestry sector having 0.40
    % in GDP.
    Agriculture:
    • Water availability during Kharif 2020 remained at 65.1 million acre
    feet (MAF) (65.2 MAF of kharif 2019).
    • Rabi season 2020-21 received 31.2 MAF.
    • Pakistan a major producer of cotton (5th in ICAC).
    • Rice is second main staple food crop after wheat and the second
    major exportable commodity after cotton.
    • During FY2021, 2.917 million tonnes of edible oil value Rs.
    574.199 billion (US $ 3.419billion) was imported.
    Agriculture:
    • Operational Tractors in the country is around 612000, resulting in
    availability of around 0.09 HP per acre against the required power of
    1.4HP per acre.
    • Total tractor production (Jul-Mar 2021) was 36653.
    • During the monsoon (July-Sept) rainfall received at 198.9mm. (average
    rainfall 140.9mm)
    • During post monsoon season (October-December)2020, rainfall was
    recorded at 22.2mm (Average rainfall 26.44mm).
    • During winter season (January-March) 2021, rainfall recorded was
    40.3mm (average rainfall 74.3mm)
    Agriculture:
    • Canal head withdrawls decreased during kharif (April-September)
    2020 to 65.11MAF.
    • During Rabi (October-March) 2020-21 it increases to 31.21MAF.
    • Pakistan declared in top 10 countries in world, most effected by
    climate Change.
    Thanks!

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