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Article

Description

Most media reports, editorials, commentators and talk show experts vehemently assert that growth in Pakistanis consumption led and fuelled by bank credit. If they are right then the latest data available is indeed very intriguing. Gross fixed capital formation during 2005-06 was Rs.1.42 trillion – an increase of 30.7 % over last year. This was over and above an increase of 28.6 % recorded in 2004-05. In constant price terms (after adjusting for inflation) this translated into real growth rates of 10.3 % and 9.3 % respectively. Consequently, Investment – GDP ratio rose to 20 %. This trend is confirmed by other collateral indicators – imports of machinery and equipment, exports of engineering goods, sale of cement and steel etc.

Publication Source

Dawn

Publication Date

6-2006

Pages

1-5

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