Economic Section

 

S. No. FAQS Answers Keywords
1 What is the Economic Census? The Economic Census is a statistical enquiry which is conducted to collect information about characteristics of all the economic units, both at household and business establishment level, in a country. Economic Census
2 Describe significance of Economic Census? Economic Census can be considered as the second largest statistics generating activity after the Population and Housing Census. It is important for i) mapping of entire economic activities, ii) development of frame for conduct of different Economic Survey, iii) true picture of Economy, updated database of economic  activities,iv) improvement in National Accounts v) and  benchmark for future Projections & policy framing and Planning etc. Significance of Economic Census
3 What is the scope of Economic Census? All establishments, both in Urban and Rural areas, involved in an economic activity, excluding illegal economic activities, agricultural production and government organizations activities are enumerated. Scope of Economic Census
4 When was the first Economic Census conducted in Pakistan? The First ever Economic Census in Pakistan was conducted during April, 2001 to December, 2003 throughout Pakistan. First Economic Census
5 What is the reference period of the recent Economic Census? Not known

(will be answered after conduct of the Economic Census)

Reference period of Census
6 What do you mean by “Structure”? A Structure is a separate building, which either has open space on all four sides or is separated from other buildings by dividing from other buildings by dividing walls. Structure
7 What are Cooperatives? It is defined as a business or organization run by the people who work for it or owned by the people who use it. These people share their benefits and profits. It is a voluntary association of unrestricted members, funds of which are collectively owned and which is organized with the object to cater to the needs of its members through mutual cooperation and registered with the Registrar of Cooperative Societies under the Cooperative Societies Act. Cooperatives
8 How Household’s Economic Activities are defined? Household may engage in any kind of economic activity which includes all activities of producing goods and services for sale or barter in the market e.g. agriculture, manufacturing, construction, retail trade or production of other kind of services like education, medical care, launders, hair cutters, beauticians, carpenters and shoe makers etc. Household’s Economic Activities
9 Define Corporate Establishment. A corporate establishment is an entity created by process of law for the purpose of goods or services for the market and that may be a source of profit or financial gain for its owners. Corporate Establishment.
10 What is employment size called? It includes the number of persons engaged by the establishments during the reference period. Employment size
11 What is employment cost called? Employment cost includes wages and salaries, other cash payments and payments in kind to the workers. Employment cost
12 How Shops /Establishments are defined? All shops /establishments taking part in the service (such as launders, barbers etc.) and trading (such as grocers, meat, clothing and fruit shops etc.) activities are covered here. Shops /Establishments
13 What technology is being adopted in the current economic census? The last Census (2001-03) was paper based. However, like other regional countries India, Bangladesh & Nepal etc. Pakistan also intends to adopt digital approach for data collection. Ø  Technology

 

Ø  Paper based/digital

14 What is Individual Proprietorship?

 

These type of organizations refer to the business owned, funded and managed by one person who is the owner concerned. The business is purely for profit. The owner has the ultimate right for the business and business liability is unlimited. Individual Proprietorship

 

15. Define Partnership in an organization?

 

There are organizations run by Partnership which refers to the group of individuals who agree to conduct business through an agreed contract based on the capital contribution which has been specified in the relevant agreement with the objective of making a profit. The business is managed by all or anyone acting for all parties.  Partnership
16. How does Private Limited Company function?

 

A private company is established to undertake a business with the objective of making a profit. The shares are closely held by the shareholders of the company who have control over its operation. It is the establishment when a partnership business expands beyond the capacity of partners to bear the losses, they can limit their liability by getting themselves registered as a private limited company. Private Limited Company

 

17. How does Public Limited Company function? A public limited company is a company established, with limited liability, by a minimum of two persons to operate the business with the objective of making a profit. The shares in a public limited company are openly held and in the case of a company listed on the stock exchange, the shares are freely transferable Public Limited Company
18. Define Corporate Establishment. A corporate establishment is an entity created by process of law for the purpose of goods or services for the market and that may be a source of profit or financial gain for its owners. Corporate Establishment.
19. What are working proprietors?

 

Working proprietors include all individual proprietors and partners (part-time or full-time) who are actively engaged in the work of the establishment. Sleeping partners and inactive members of the proprietor’s family are excluded unless they participate in the control and management of the business. This category is not applicable to limited companies or public corporations, the ownership of which is represented by equity shares. Working proprietors

 

20 What is definition of unpaid family workers?

 

Unpaid family workers include all family members (full-time or part-time) of any of the owners of the establishment who during the specified period worked a minimum of one-third of the normal working time but did not receive any payment, neither in cash nor in kind for the work done. These workers definitely received food, shelter and other support as part of the household of the owner whether they work in the establishment or not. Unpaid family workers
21. How inputs are defined? Inputs mean the value of goods and services used up in the production process by households/establishments to produce the output. They are valued at Purchaser’s price. Purchaser’s price is the amount paid by the purchaser excluding any VAT or similar tax-deductible by the purchaser in order to take the delivery of a unit of a good or service at the time and place required by the purchasers. Ø  Inputs

Ø  Purchaser’s price

 

22. How managers of the organization/establishment are defined?

 

Managers are defined as those who decide or participate in formulating the policy of the organization, plan, organize and direct the interpretation and execution of policies. Managers
23. What is Depreciation/ consumption of fixed capital (CFC)?

 

Depreciation/Consumption of Fixed Capital (CFC) is a reduction in the value of an asset over time, due to wear and tear. Depreciation/ consumption of fixed capital (CFC)

 

24. How is Output/Revenue defined? Output means the value of goods and services produced by an establishment. The output (goods and services) produced for sale is valued at basic prices. Output/Revenue
25. What is Gross Fixed Capital Formation?

 

Gross fixed capital formation (GFCF) is measured by the total value of a producer’s acquisition, less disposal of fixed assets during the accounting year plus certain additions to the value of non- produced assets realized by productive activities of resident producers.

 

Gross Fixed Capital Formation
26. What are the legal provisions governing the conduct of Economic Census in the country? As per the Section 39 under the heading “Other Censuses”, under the Part VI, titled “Population, Agriculture And Other Censuses”, of the General Statistics (Reorganization) Act, 2011, the Federal Government may, by notification in the official Gazette, direct the Bureau to collect, compile, analyze information and publish censuses in respect of Census of Manufacturing Industries or Economic Census or other censuses it may consider necessary from time to time and thereupon the provisions of this Act shall, mutatis mutandis, apply in relation to such censuses. Legal provisions
 

 

 

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