I have finally received confirmation and Clarification on Targets from Government of Canada. They set targets from Jan-Dec and quota for PN are also renewed at 1st Jan each year. However, Provinces distribute Nominations with their own needs and can decide when to start and stop.
IRCC target for Economic applicants through EE is approx 90,000 from which they have already invited 66,015 till 6th September. It is estimated that they will issue about 23K-24K more ITA with 8 more draws including today's draw (if any). So this means we may see 1 more draw on Sep, 2 on Oct, 2 on Nov & Dec, with one extra draw in either Nov and Dec. Therefore, ITA is expected to stay below 3,000 until the end of this year.
For PNP target is 51,000 out of which 28,800 PR are already issued and about 10,000 PNP applications are in the queue at each point of the year as compared to 7,900 files for FSW workers. This results in FSW analyst to handle about 41 applications at a time whereas each PNP analyst has to decide 76 files at a time. This can be the reality for PNP eligibility test taking more time than FSW.
There are in total 144,000 applications received till June for PR whereas about 120-130 K applications are in the queue to be processed. To complete this gigantic task CIC have only 444 analysts do that.
There is a lot more data to analyze but it can take several days to arrange them in a presentable way.