The Government of Pakistan hopes to achieve six percent gross domestic product (GDP) growth this fiscal year owing to increased expansion in industrial and agricultural sectors, the finance ministry said on Sunday.
Ministry of Finance set a target of 4.8 percent GDP growth rate for the fiscal year 2021-22 in the annual budget in May last year. The International Monetary Fund (IMF) said earlier this month Pakistan’s economy is set to keep on recovering in this fiscal year, with real GDP growth projected at 4 percent.
“Looking at all the recent economic indicators including industrial and agricultural growth, we are sure to achieve a six percent GDP growth rate this fiscal year,” Muzzammil Aslam, a spokesperson for the Ministry of Finance, told Arab News.
