Pakistan’s economy contracts by $33.4 billion: PBS

MG News | May 26, 2023 at 01:02 PM GMT+05:00
May 26, 2023 (MLN): The total volume of Pakistan's economy has decreased by $33.4 billion or 8.91%, from $375bn in FY22 to $341.6bn in FY23, according to the data released by the Pakistan Bureau of Statistics (PBS).
Meanwhile, per capita income stood at $1,568 in 2023 as compared to $1,766 in the previous year depicting a decrease of 11.38% YoY, PBS data further revealed.
The current fiscal year marks a decrease of $198 per capita income for Pakistan.
This was the third lowest per capita income in a decade, with the lowest in the decade being $1458 achieved in FY20 due to covid, whereas the highest achieved was $1768 in FY18
On the other hand. in the fiscal year 2021, the per capita income achieved was $1,677.
Health sector improved to 8.49% against the target of 3.8%.
The education sector also improved by 10.44% against the target of 4.9%.
While the performance of the Information and Communication sector exceeded the target of 6% with a growth rate of 6.9%, as stated in the report.
Copyright Mettis Link News
Related News
Name | Price/Vol | %Chg/NChg |
---|---|---|
KSE100 | 137,324.65 41.35M |
0.69% 944.68 |
ALLSHR | 85,057.04 66.04M |
0.48% 408.68 |
KSE30 | 41,863.91 7.49M |
0.76% 317.68 |
KMI30 | 193,133.42 7.22M |
0.74% 1413.66 |
KMIALLSHR | 56,066.82 46.79M |
0.43% 239.08 |
BKTi | 37,923.49 0.38M |
0.25% 95.88 |
OGTi | 27,679.55 0.30M |
0.03% 8.87 |
Symbol | Bid/Ask | High/Low |
---|
Name | Last | High/Low | Chg/%Chg |
---|---|---|---|
BITCOIN FUTURES | 118,650.00 | 119,915.00 118,035.00 |
-980.00 -0.82% |
BRENT CRUDE | 68.79 | 69.01 68.74 |
0.27 0.39% |
RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 |
1.80 1.90% |
ROTTERDAM COAL MONTHLY | 104.50 | 0.00 0.00 |
-1.05 -0.99% |
USD RBD PALM OLEIN | 998.50 | 998.50 998.50 |
0.00 0.00% |
CRUDE OIL - WTI | 66.74 | 66.99 66.58 |
0.36 0.54% |
SUGAR #11 WORLD | 16.55 | 16.67 16.40 |
-0.01 -0.06% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
Name | Last | Chg/%Chg |
---|
Name | Last | Chg/%Chg |
---|