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None of the economic targets set by the government have been achieved by the government, a private TV channel reported on Tuesday, citing Pakistan Economic Survey 2011-12.
According to Geo News, Finance Minister Dr Abdul Hafeez Shaikh would officially release the survey on May 31, and present a copy to Prime Minister Yousaf Raza Gilani on Thursday before its release.
The channel, claiming to have acquired a copy of the survey, said the report mentions that all the growth targets of agriculture, industry and services sectors have been missed. The economic growth remained at 3.7 percent despite a set target of 4.2 percent. The overall deficit stood at Rs 8.94 trillion which was Rs 7.71 trillion in FY 2011-12. Rs 47 billion were spent on external debt financing this year as compared to Rs 33 billion during July-March last year.
The trade deficit of the country surged exponentially, the survey said. It said imports had escalated to $37 billion against the total exports of $19 billion.
The budget for FY 2012-13 would be presented on June 1 before the National Assembly.