Economic Survey of Pakistan 2019-20
No hits, many misses!
On June 11, Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh launched Economic Survey of Pakistan 2019-20, according to which the country missed all major economic targets due to the coronavirus outbreak, which resulted in a negative 0.4 percent economic growth rate for the outgoing year. This negative growth happened mainly as a result of dismal performance of industrial and services sectors. However, agriculture and small industries both largely in the informal sector posted positive growth. The only mentionable achievement the Survey reported this year is reduction in the current account balance by 71 percent.
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