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Key Insights from Pakistan Economic Survey 2022-23 for FPSC Tests


The Pakistan Economic Survey 2022-23 provides a snapshot of the country’s economic performance over the past year. Despite facing significant challenges like devastating floods and a global economic slowdown, Pakistan’s economy showed resilience, with a small GDP growth of 0.29%. This survey covers various sectors, including agriculture, industry, and services, and highlights their contributions and struggles. This article summarizes some most important key facts and figures from the survey, offering valuable insights to help you understand Pakistan’s economic landscape and prepare effectively for FPSC tests.

Important Points from Pakistan Economic Survey 2022-23 for FPSC Tests

Economic Growth and GDP

  1. Real GDP Growth: 0.29% in FY2023.
  2. GDP at Current Market Prices: Rs 84,657.9 billion, 27.1% growth.
  3. Per Capita Income: US$1,568.
  4. Investment to GDP Ratio: 13.6% in FY2023, down from 15.6% in FY2022. » Read More…


SUMMARY of the Article “75 years of Nato,” by Aizaz Ahmad Chaudhry, Dawn, July 21st, 2024


In commemorating NATO’s 75th anniversary at the Washington Summit, discussions were predominantly focused on the Russia-Ukraine war. The summit’s declaration strongly condemned Russia’s “brutal war of aggression” and its “irresponsible nuclear rhetoric.” NATO’s 32 members pledged enduring support to Ukraine, promising 40 billion euros for security assistance in the upcoming year. Furthermore, NATO has stationed over 500,000 combat-ready forces on its eastern flank and affirmed that “Ukraine’s future is in NATO,” committing to Ukraine’s full integration into the Euro-Atlantic community. The historical backdrop of NATO-Russia rivalry dates back to the Cold War, initiated by the North Atlantic Treaty signed on April 4, 1949, by 12 Western European and North American countries to counter the Soviet threat. The Soviet Union’s counteraction was the formation of the Warsaw Pact in 1955. The dissolution of the Soviet Union in 1991 marked the end of this rivalry, but NATO’s eastward expansion continued to irk Russia. Despite the formation of the NATO-Russia Permanent Joint Council in 1997 and Russia’s inclusion in the G8, Moscow remained concerned about NATO’s presence near its borders. NATO’s suspension of cooperation with Russia followed the annexation of Crimea in 2014, leading to the deployment of multinational battlegroups in Eastern Europe. The 2022 Russian invasion of Ukraine heightened tensions, with NATO declaring Russia a direct threat to Euro-Atlantic security and supporting » Read More…


SUMMARY of the Article “COP28 to SB60,” by Aisha Khan, Dawn, June 1st, 2024


The article outlines the importance of the 60th session of the Subsidiary Bodies (SB60) taking place from June 3-13, 2024, in Bonn, as a critical preparatory event for COP29. The SB60 aims to recalibrate positions and find compromises to facilitate a successful outcome at COP29. The conference has three primary tasks: agreeing on a new post-2025 climate finance goal to ensure adequate funding for developing countries to meet their Nationally Determined Contributions (NDCs), building momentum for the next generation of national climate plans, and providing guidance on the first Global Stock Take (GST) outcomes. The success of COP29 hinges on overcoming fixed positions regarding new collective quantified goals (NCQG) for climate finance, which is a contentious issue. Effective negotiation processes and continued implementation of COP28 outcomes are necessary to maintain progress. The Bonn dialogue must address financial packages, particularly linking » Read More…


SUMMARY of the Article “Negotiating effectively with IMF,” by Saeed Ahmed, Dawn, May 31st, 2024


The article delves into the complexities of Pakistan’s negotiations with the IMF for a new Extended Fund Facility (EFF) following the completion of the ninth-month Stand-By Arrangement (SBA). Given Pakistan’s ongoing fiscal and external vulnerabilities, another EFF appears necessary amidst rising political instability. IMF programs, characterized by ‘conditionality,’ require borrowing governments to undertake economic reforms. Effective IMF programs hinge on negotiations and a medium-term economic agenda owned by the borrowing country’s authorities, which should address root economic problems without alienating domestic interests. The professional and ideological alignments between IMF staff and borrowing government officials significantly impact negotiation outcomes, often resulting in larger programs with fewer conditions when ideological ties are strong. Pakistan’s past experiences, particularly during the 2019-2023 EFF program, » Read More…