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Article: State Bank Report on Economy FY05.
- Article from:
- PPI - Pakistan Press International
- Article date:
- October 29, 2005
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Karachi, October 29 (PPI): Macroeconomic stability and strong economic growth during the last few years enabled the country to show some progress in social sector development as well, State Bank of Pakistan said Saturday.
In particular, the rising trend of rate of unemployment since FY93 has been reversed during FY02-04, despite a faster growth in the labor force. Similarly, the improvement in the fiscal position, through sustained efforts in recent years, has allowed the government to substantially increase spending in health, education and other social sector areas. As a result, positive tr in most of the social indicators have gathered pace during FY02-05 ...