- Government's Economic Advisor Abdul Hafeez Sheikh presents Economic Survey 2019-20
- According to the survey, for the first time in 68 years, Pakistan's economy has reduced in size.
Jun 12, 2020, 04:01 PM IST
Islamabad For the first time in 68 years, Pakistan's GDP has declined. GDP growth in 2019-20 was (-) 0.38%. Economic advisor to the government Abdul Hafeez Sheikh gave this information on Thursday in Economic Survey 2019-20. It said that the country's economic situation was already very weak, the epidemic made the situation worse.
According to the survey, in the case of cattle, the condition of the country improved. One lakh donkeys grew in this financial year. The total number increased to 55 lakhs. There is an agreement between Pakistan and China. According to this, Pakistan will export 80 thousand donkeys to China every year for three years. The number of buffaloes was also recorded.
Epidemic broke back
According to the Economic Survey 2019-20, GDP was down by 0.38 percent. A partial lockdown in March shattered almost all sectors. However, the agriculture sector recorded a growth of 2.7 per cent. There was negative growth in the industrial and service sectors. This is the reason that the size of GDP decreased by 0.38 percent instead of increasing. Hafeez said – Most countries had a lockdown. This is why our exports were closed. The IMF had already warned about this.
But, the donkey grew uncountable
Most sectors of Pakistan's economy have recorded a decline. However, this is not the case with cattle (livestock sector). Their number grew significantly earlier. It has been given information in Economic Survey. The number of donkeys in the country has now increased from 54 to 55 lakhs. Last year a million donkeys grew. About 12 lakh buffalo also grew. Now their number has gone up to 40 million. At the same time, three lakh goats grew. Their number has gone up to 7 crores. There was no increase in the number of camels.
Export of donkeys to China
Pakistan exports most of its donkeys to China. Their skin is used to make beauty products there. It is a pleasure to increase the number of donkeys for both Pakistan and China. Last year, a report published in Gulf News said that China has invested $ 30 million to increase the number of donkeys in Pakistan. There was also an agreement between the two countries. According to this, Pakistan will give 80 thousand donkeys to China every year. The agreement is for three years.