Prosperity report unveiled

Islamabad : Policy Research Institute of Market Economy (PRIME) launched first edition of Pakistan Prosperity Report (PPR), with the aim to monthly review of Pakistan's macro-economy based on the analysis of four periodic data sets known as Industrial Production, Trade volume, Price Levels, and Private Sector Lending.

While explaining the basic concept behind the report, the research economist, Beenish Javed, said that the report is intuitive- higher level of industrial output, increases in trade volumes, more lending to the private sector and an improvement in purchasing power of individuals are indicators of a strong economy, signalling prosperity of both firms and households. According to the details, the analysis in the report (March 2020) is based on the data for December 2019 and January 2020.

For a long- term view, data for the period of June 2019-December 2019 is separately covered.

The report first provides a general overview of macro-economy and then provides a snapshot of its first month-to-month growth in the prosperity. It concludes that over the second half of the FY 2019, Pakistan witnessed overall improvement in the prosperity based on an increase in both large scale manufacturing and investment in the private sector, though decreasing purchasing power and trade volumes resulted in headwinds. “For the first month-to-month comparison, between December 2019 and January 2019, the report finds that Pakistan continued to exhibit improvement in prosperity indicators”.