{"id":86562,"date":"2022-06-10T17:15:22","date_gmt":"2022-06-10T12:15:22","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=86562"},"modified":"2022-06-10T17:36:48","modified_gmt":"2022-06-10T12:36:48","slug":"govt-pakistan-economic-survey-pes-fy22","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-pakistan-economic-survey-pes-fy22.html","title":{"rendered":"Govt releases Pakistan Economic Survey (PES) FY22"},"content":{"rendered":"\n<p>Islamabad: The government of Pakistan on Thursday (June 9) released the annual Pakistan Economic Survey (PES) report for the fiscal year 2021-22, news sources reported. The report indicates the economy grew at a rate of 6% in FY22 against the set target of 4.8%.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/businesses-optimistic-regarding-countrys-economic-performance-survey.html\" data-type=\"post\" data-id=\"61263\" target=\"_blank\" rel=\"noreferrer noopener\">Businesses optimistic regarding country\u2019s economic performance: survey<\/a>&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p>The report was unveiled in Islamabad by Finance Minister Miftah Ismail and other federal officials. The minister stated that the government met all major growth targets in FY22, with a 4.40% increase in agriculture, a 7.19% increase in industries, and a 6.19% increase in services\u2014meaning that all three major sectors exceeded their respective targets of 3.5%, 6.5%, and 4.7%. Similarly, the report also indicated that goods\u2019 exports increased by 26.6% from July to March of FY22, totalling USD 23.7 billion, while <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/exports-crosses-2-bn-mark-for-7th-consecutive-month.html\" data-type=\"post\" data-id=\"75960\" target=\"_blank\">services exports <\/a>increased by 17.1%, totalling USD 5.1 billion.<\/p>\n\n\n\n<p>&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-file\"><a href=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/06\/Economic-Survey-2021-22.pdf\">Economic-Survey-2021-22<\/a><a href=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2022\/06\/Economic-Survey-2021-22.pdf\" class=\"wp-block-file__button\" download>Download<\/a><\/div>\n\n\n\n<p>On the taxation side, the report reveals that there was a 28.5% increase in FBR tax collection during the July-March FY22. The amount collected during this period stood at PKR 4.85 trillion, compared to PKR 3.77 trillion last year.&nbsp; However, the report also indicates an increase in the fiscal deficit during the July to March FY22 period to 3.8% of the GDP compared to 3% during the same time last year, according to the survey.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/gop-to-sell-770-acres-of-state-land-to-pay-foreign-debt.html\" data-type=\"post\" data-id=\"51195\" target=\"_blank\" rel=\"noreferrer noopener\">GoP to sell state land, mechanism to determine market rate approved<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p>Some of the other key indicators in the FY22 report are:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The performance of large-scale manufacturing was tremendous with 10.4% growth during July-March FY2022 as compared to growth of 4.2% in the same period last year.<\/li><li>The total <a href=\"https:\/\/www.zameen.com\/news\/lesco-electricity-illegal-housing-schemes.html\" data-type=\"post\" data-id=\"82804\" target=\"_blank\" rel=\"noreferrer noopener\">electricity generation capacity <\/a>during July-April 2022 has increased by 11.5% and reached 41,557MW, up from 37261MW during the same period last fiscal year.<\/li><li>The import bill of oil increased by 95.9% to USD 17.03 billion during July-April FY2022 compared to USD 8.69 billion during the same period last year.<\/li><li><a href=\"https:\/\/www.zameen.com\/news\/pm-announces-tax-break-for-it-exports-till-2025.html\" data-type=\"post\" data-id=\"38093\" target=\"_blank\" rel=\"noreferrer noopener\">IT exports during <\/a>(July-March FY2022) surged to USD1.948 billion at a growth rate of 29.26% in comparison to USD1.5 billion during July-March FY2021.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The government of Pakistan on Thursday (June 9) released the annual Pakistan Economic Survey (PES) report for the fiscal year 2021-22, news sources reported. The report indicates the economy grew at a rate of 6% in FY22 against the set target of 4.8%. Read: Businesses optimistic regarding country\u2019s economic performance: survey&nbsp;&nbsp;&nbsp; The report was unveiled in Islamabad by Finance Minister Miftah Ismail and other federal officials. The minister stated that the government met all major growth targets in FY22, with a 4.40% increase in agriculture, a 7.19% increase in industries, and a 6.19% increase in services\u2014meaning that all three major sectors exceeded their respective targets of 3.5%, 6.5%, and 4.7%. Similarly, the report also indicated that goods\u2019 exports increased by 26.6% from July to March of FY22, totalling USD 23.7 billion, while services exports increased by 17.1%, totalling USD 5.1 billion. &nbsp; On the taxation side, the report reveals that there was a 28.5% increase in FBR tax collection during the July-March FY22. The amount collected during this period stood at PKR 4.85 trillion, compared to PKR 3.77 trillion last year.&nbsp; However, the report also indicates an increase in the fiscal deficit during the July to March FY22 period&hellip;<\/p>\n","protected":false},"author":84,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[52679,52678,52676,52677],"persona":[],"class_list":{"0":"post-86562","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-budget-2023","9":"tag-fy22-23","10":"tag-govt-released-pakistan-economic-survey-pes-fy22","11":"tag-pakistan-economic-survey","12":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt releases Pakistan Economic Survey (PES) FY22 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The government of Pakistan on Thursday (June 9) released the annual Pakistan Economic Survey (PES) report for the fiscal year 2021-22, news\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/govt-pakistan-economic-survey-pes-fy22.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt releases Pakistan Economic Survey (PES) FY22 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The government of Pakistan on Thursday (June 9) released the annual Pakistan Economic Survey (PES) report for the fiscal year 2021-22, news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-pakistan-economic-survey-pes-fy22.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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