Economy of Pakistan State Bank Annual Report 2008-09

State Bank of Pakistan has released annual report 2008-09 on situation of Pakistan's economy and other financial matters.Pakistan since 2001 being one of the adjacent country to US target Afghanistan is seeing many decreases in various sectors and economy is one of the major.Terrorist attacks,shortage of electricity,and non stable condition of the country are factors pulling economy downwards.In Report of financial year 2008-09 state bank revealed that decrease in power crisis and better security situation will be in favour to increase the exports of country.Large Scale Manufacturing after living for 11 month in negative growth is expected to turn positive in 1st July-September Quarter.The double digit inflation will remain same in fiscal year 2009-10 at 10 to 12%.Reports also describes that growth in services sectr was also dropped to eight year lowest 3.9% as transport storage,communication and financial industry suffered from weak domestic demand.GDP will remain in progress between 3.5 to 5 % while the target of the government is 3.5.Current accounts defects dropped to 680.4 billion from 777.2 billion in the preceding year.For the current financial year the State Bank of Pakistan has projected current account deffict to remain between 4.7% and 5.2 % of GDP.State Bank of Pakistan has cautioned government against too much reliance on western markets,devastated by global financial crisis,for country export.State Bank insisted that regional markets should be explored.State Bank also emphasized on the increase in Savings.Pakistan is much suffering due to insurgency in her territory and region.Situation for inverstment in pakistan is getting better,investors must inverst in paksitan not with mind to get profit but to support a country who is much suffering in war againsta terror.If Paksitan fall in hands of terrorists whole world will be unsafe.Pakistan is much paying for eradication terrorism and remaining world should help Pakistan.