Nadeem Malik

Tuesday, May 27, 2008

News Guru on Budget Matrix

Budget Matrix



Growth rate decelerates to 5.8 pct in FY08

Investments as a percentage of GDP fall to 21.6 pct

Savings show massive decline to 13.9 in FY08

Workers’ remittances may fetch $6.5 bln during FY08

GDP growth for FY09 projected to 6.5 pct

Agriculture sector likely to show 4 pct growth during FY09

GDP projections for FY09 show manufacturing growth at 8.5 pct and services at 6.7 pct

Government expects surge in National Savings from 13.9 pct in FY08 to 15.9 pct in FY09

Current account deficit for FY09 expected to remain at 6.5 pct of GDP

CPI inflation projected at 8 pct for FY09

Exports during FY09 projected to grow by 15 pct to $21.6 bln

Imports to grow by 12 pct in FY09 to $37.6 bln

Higher imports of food items, POL, edible oil expected during FY09

Current account deficit to total $13 bln during FY09

Planning Commission proposes PKR 437-490 bln PSDP for FY09

Inflation to remain above 11 pct during FY08

Rupee depreciates by 14.9 pct against dollar

Food inflation at 25.2 pct in April

Y-o-Y CPI inflation at 17.2 pct in April

Non-Performing Loans (NPLs) increase to PKR 239.7 bln

External debt at $45.8 bln till end-March 2008

Domestic debt rises by PKR 411 bln during Jul-Mar FY08

Budget deficit increases to 6.5 pct of GDP during FY08

Banks to pay a minimum profit rate of 5 pct on Saving/PLS saving products

Stock of government borrowing reaches PKR 950 bln

Inflation at highest level since 1970s

Failure to trim food and fuel subsidies widen fiscal gap

SBP imposes 35 pct LC margins on all imports except oil and food

Current account deficit widens sharply to $11.59 bln

Moody's, Standard & Poor's downgrade Pakistan to five notches below investment grade

Current account deficit to range between 7.3-7.8 pct of GDP during FY08

Drawdown of reserves since Oct-2007 total $4.6 bln

Savings rate to go up soon- Naveed Qamar

Government to issue new debt instruments in the market

Regulatory duty on import of luxury goods likely

Government plans cash transfers to vulnerable segments of society- Naveed Qamar

Budget FY09 expected on June 7

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