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Essay specific features
Written by:
Jerry S
Date added:
May 18, 2017
Level:
University
Grade:
A
No of pages / words:
71 / 19636
Was viewed:
4179 times
Rating of current essay:
Essay content:
The year has posted several
multiyear “firsts”. Pakistan’s real GDP growth of 8.4 percent in 2004-05 is the fastest pace in two decades; the fifth
time in the country’s history that it exceeded 8 percent growth mark; Pakistan positioned itself as the second fastest
growing economy after China in 2004-05; its per capita income crossed $ 700 mark; Pakistan achieved highest ever
production of cotton (14...
displayed 300 characters
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Since 2002-03, the economy has mounted a strong recovery with a
sustained improvement in prospects. During the fiscal year 2004-05, many of its macroeconomic indicators show
marked improvement over last year. The most important achievements of the year include: the fastest pace in real
GDP growth, powered by stellar growth in large-scale manufacturing, a sharp pick up in agriculture, a continuing
robust performance in services, and an extra-ordinary strengthening of consumer demand; a double-digit growth in
per capita income in dollar term, reaching $ 736; investment upturn gaining a stronger footing, particularly private
sector investment which remained buoyant owing to a rare confluence of various positive developments; an
unprecedented increase in credit to private sector for second year in a row; sharp increases in the consumption of oil,
gas, electricity and coal reflecting rising level of economic activity; fiscal deficit remaining on target despite Rs...
displayed 300 characters
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