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SBP fully satisfies with 3.94pc growth rate estimate

byMuhamad Arshad
May 25, 2021
in Business, Economy
Reading Time: 1 min read
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On Monday, the State Bank of Pakistan (SBP) showed complete satisfaction over the new estimate of 3.94 per cent GDP growth for FY21, noting that the rebound was fueled by a well-calibrated policy response.

While taking it to twitter, the SBP said, “FY21 growth is expected to rise to 3.94pc, as post-Covid recovery underway since last summer has strengthened. The 9-mth current account is also in surplus for the 1st time in 17 yrs and FX reserves at a 4 yr high. This rebound was fueled by a well-calibrated policy res­ponse. Given high public debt, fiscal support was targeted to the most vulnerable, notably through the globally-acclaimed Ehsaas program. At the same time public debt and deficit were kept under check which has supported market sentiment, investment outlook, and economic recovery.”.

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Tags: COVID-19Economy of pakistanFY21GDP growthImran KhanPTI GovernmentSBP
Muhamad Arshad

Muhamad Arshad

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