The target of GDP could not be achieved this financial year

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The target of GDP could not be achieved this financial year
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The target of GDP could not be achieved this financial year

Islamabad: The target of GDP could not be achieved in this financial year, the country’s GDP rate decreased to 2.38% from the target of 3.5%.

According to Express News, a meeting of the National Accounts Committee was held, the agenda of which was to approve the GDP report. The meeting was chaired by Planning Secretary Owais Manzoor Samra, in which representatives of various ministries and divisions including finance, agriculture, industry and production participated, while the performance of industry, agriculture and services sectors including economic performance in the current financial year was reviewed in the meeting. .

In which the data related to the country’s economy was presented. According to the sources, the meeting was told that the target of economic growth was 3.5 percent but it was 2.38 percent, the growth of agriculture sector was 6.25 percent and the growth of industrial sector was 1.21 percent.

Wheat crop increased by 11.64% to 28.16 million bales, cotton crop increased by 108% to 10.22 million bales, rice production increased by 34.78% to 9.87 million tons, corn production decreased by 10.3% to 9.85 million tons. stayed

It was informed in the meeting that in the first quarter of this financial year, the growth rate was recorded at 2.71%, in the second quarter at 1.79% and in the third quarter at 2.09%.

The target of GDP could not be achieved this financial year