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Pakistan S National Accounts: 1. Overview
Pakistan S National Accounts: 1. Overview
1. Overview
2. Production, value added, GDP, GNP
3. Investment and consumption
4. Challenges/Difficulties
5. Plan For Implementation SNA1993/2008
1
Framework of Pakistan’s NA
Regular Activities:
GDP/GNP (factor costs) by industrial origin (by “sector”)
Expenditure on GNP (market prices)
GDP implicit deflator – a measure of inflation
Estimates of GFCF (market prices) by industrial origin for
private & public sector and for general government
Composition of general government consumption expenditure
Other Activities:
Input-Output Tables
2
CROPS
Major crops: Rice, Wheat, Cotton, Sugarcane, Gram, Maize,
etc.
Minor crops: Pulses, Vegetables, Fruits, Oil seeds,
Condiments, etc.
4
FISHING
Composition: Fish, Prawn, Shrimps, crabs, etc. from:
•Marine Ocean, Coastal and Offshore water, Fish
•Inland
farms, Rivers, Canals, Lakes, Ponds, and
inundated tracts, etc.
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FORESTRY
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MINING & QUARRYING
Composition: Crude oil, Natural Gas, Coal including other
minerals, e.g. Rock Salt, Lime Stone,
Dolomite, Gypsum, Fire clay, Phosphate,
Marble, and Surface Minerals.
Intermediate
Blasting Material, Fuel and Lubricants, etc.
Consumption:
Benchmark
Estimates of Based on special study and SHMI
Gross Value Surveys.
Added:
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CONSTRUCTION
Composition: All major construction activities including
repairs, additions/alterations, Land
Improvement; Buildings; Roads, Bridges,
Streets; Highways; Runways; Transport &
Railway Tracts; Telephone, Power, Gas, Oil,
Utility lines; Canals; Dams; Harbour & Barrages
etc.
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OWNERSHIP OF DWELLINGS
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PUBLIC ADMN. & DEFENCE
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Private Final Consumption Expenditure
Measured through
Residually
19
Government Final Consumption Expenditure
20
Weaknesses in methods
• Value added of Banks not in line with SNA
• Value added includes holding gains and property
incomes (≠ SNA)
• Construction: no survey
• Extrapolations with doubtful assumptions
• Constant prices: single deflation, only
• No PIM for calculations related to capital stock
• No independent calculation of private
consumption
• Some terms are outdated, especially “GNP”
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Weaknesses in the data base
22
The two main revisions: overview
Revision 1 Revison 2
2012
part 1 part 2 tentatively
(in FY 2006-07 and following) (in FY 2008-09)
24
Price and other indicators used
• CPI, PPI, WPI, Unit Price Index of
Imports/Exports
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Current Base Period
• 1999-2000
• The work on change of base 1999-2000 to 2005-
06 is in progress.
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Rebasing/Linking Practice
• First base of National Accounts was 1959-60
• Second: 1980-81
• Third: 1999-2000
• Fourth: 2005-06 (work in progress)
• The series from 1980-81backward has been
Backward Linked/Revised.
• No Backward Link from 1999-2000 has been
made.
• The series from 2005-06 will be linked/revised
backward and forward.
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Challenges and Difficulties Faced
• Difficulty in Collection of data for compilation of
accounts.
• Some data are given by secondary sources, only.
Government Finance Statistics is with MoF.
• No regular print productions.
• Shortage of resources (Manpower, Financial).
• Public confidence in the data is poor.
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Type of Technical Assistance Required
• Pakistan may be considered in the International
Training Programmes on National Accounts.
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Plans for 93/2008 SNA Implementation
• 1993 SNA is currently followed
• GDP/GNP at current factor cost/ constant factor
cost and market prices are compiled.
• It has been decided to implement the SNA 93
during the current change of base i.e., 2005-06
• SNA 93 will be implemented in phases.
• Adequate data and technical know how are the
two main challenges for the implementation of
SNA 93.
• Pakistan may be considered in all international
training programmes of National Accounts.
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