UN Survey Reports Improving Pakistan Economy

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The UN Economic and Social Survey of Asia and the Pacific said that the country’s GDP growth of 8.4 percent in 2005 was the highest in the last two decades due to continuity of economic policies, a robust financial sector and strong domestic demand. A United Nations economic survey released in Islamabad Thursday said that Pakistan was in the midst of a strong economic upturn, recording its third straight year of impressive growth in the fiscal year of 2005. It said that the unemployment and poverty rates in the country had gone down in the recent years and the government took several measures to ease inflationary pressure. In 2005, while exports grew at a healthy rate of 16.9 percent, imports increased almost twice at 32.3 percent.