The Economic Survey of Pakistan is the most relevant budgeting document of finance ministry as it

presents the overall sate of countrys economy. The government unveiled the Economic Survey 2015-16
on Thursday June 2, 2016 to highlight its achievements in the past year.
The government, for the third year in a row, has missed the most critical target of annual growth rate,
including the GDP growth rate that stood at 4.71 percent against a conceived target of 5.5 percent during
the fiscal year 2015-16.
GDP Growth
The Gross Domestic Product (GDP) measure of increase in monetary value of all goods and services
produced in one year have grown at a rate of 4.7 percent against the target of 5.5 percent.
Agriculture Sector
For the first time in decades, the output in agriculture sector, the backbone of the economy contracted in
2015-16. The agricultural sector witnessed a negative growth of 0.19 percent against a projection of 3.9
percent. The government is of the point of view that due to poor performance of agriculture sector and 28
percent decline in cotton crop, the overall GDP growth suffered a decline of 0.5 percent.
Industrial Sector
Industrial sector recorded growth at 6.8 percent. The target for the industrial sector was set at 6.4 percent.
Services Sector
The Services sector has witnessed a growth rate of 5.7 percent as compared to 4.37 percent
last year.
Exports
Exports went down to USD18.18 billion. The exports target was set at USD25.5 billion for
2015-16.
Imports
Imports at USD32.70 billion.
Remittances
Remittances amounted to USD16.03 billion this year

Investment
Total investment has reached to the level of Rs 4502 billion
Electricity Generation
Electricity generation and distribution and gas distribution register growth at 12.18 percent.
Reserves
Countrys foreign exchange reserves achieved new record of 21.6 billion dollars.
Tax Collection
The government had planned to push Tax-to-GDP ratio to 12.5pc to collect Rs 3.4 trillion, but
it actually achieved 8.4 percent. Government was able to collect Rs 2.3 trillion in 2015-16.
Public Debt
Public debt was recorded at Rs.19,168 billion at end March 2016,registering an increase of
Rs.1,787 billion from the previous year.
Inflation
The inflation remained 2.8 percent against the target of 6 percent.
Unemployment
The unemployment rate has seen a decline from 6.2 percent in FY 2013 to 5.9 percent in FY
2015.
Literacy Rate
The literacy rate has improved to 60 percent.
Poverty Rate
29.5 percent of the population is estimated to live below poverty line