Keenjhar Lake Resort Project - Sindh Board Of Investment ...

The informal sector contributed more than seven-tenth (73%) of employment in main jobs
outside agriculture, while formal sector activities were concentrated more in the urban areas.
Nearly 44.6 percent of the labor force was employed in agriculture, indicating an increase
from the previous year’s figures.
GDP Overview
With international and domestic economic pressures, GDP growth has been estimated at
3.3% for the year 2009-10; with agriculture sector growth estimated at 3.8%, manufacturing at
1.8% and services sector at 3.9%.
The Nine Points Economic Agenda of the Government forms the strategic thrust for the
economy. Major elements of the strategy are:
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Ensure economic recovery consistent with stabilization.
Maintain momentum of agriculture growth together with support policies for revival of
industries;
Address critical infrastructure gaps in water, power and transport for enhancing
competitiveness;
Achieve Millennium Development Goals and reduce poverty through a comprehensive
social protection system with an exit strategy;
Facilitate balanced development in the country by reducing regional disparities; and
Rehabilitation and reconstruction of conflict affected areas.
Agricultural Sector
Agriculture has grown at an average rate of 4.1% per annum since 2002-03 to 2008-09 and
grown by 4.7% in 2008-09 against a target of 3.5%, primarily on account of record production
of wheat (23.42 million tons), rice (6.9 million tons) and maize (4 million tons).
Manufacturing Sector
Large scale manufacturing registered a negative growth of 7.7% from July 2008 to March
2009 as against 4.8% positive growth in the comparable period last year.
Services Sector
In FY2009, the services sector grew by 3.6 percent against the target of 6.1 percent and
actual outcome of 6.6 percent. A slowdown in economic activities, worsened by the energy
crises, has impacted the performance of this sector too. In relation to domestic economic
slowdown the decline in foreign inflows of funds impeded growth prospects in this sector.
Other indicators
Workers’ remittances totalled US$ 6.3b during the period July-April 2009 as against US$ 5.3b
in the comparable period of last year, depicting an increase of 19.5%. Major remittances were
from US (22.6%) and UAE (21.5%).
Pakistan’s current account deficit expanded by 23.5% to US$ 8.547 billion during July-April 09
as against US$ 11.173 billion in the corresponding period of last year.
FDI showed a decrease of 13.8% during July to April 2009, amounting to US$ 3205 million as
against US$ 3719 m during the comparable period last year.
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Keenjhar Lake Resort Project - Project Information Memorandum