State Bank Annual Report 2010-11

  • December 24, 2019
Pakistan’s economy managed to grow by 2.4 percent in FY11, despite devastating floods in the early part of the fiscal year. One-fifth of the country’s agricultural heartland was inundated, which interrupted production processes and disrupted the subsequent supply of both labor and capital. It is estimated that 6.6 million of Pakistan’s labor force was out of work for 2 to 3 months, and capital stock worth US$ 2.6 billion (1.2 percent of GDP) was lost.
 
State Bank of Pakistan highlighted while the international response to the devastation was below expectations, it is commendable that the government was able to address these challenges despite severe fiscal constraints.

The Report is attached herewith for your information.


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