The National Accounts Committee has convened a meeting on May 22 in ISL in which the “GDP Growth” for this financial year will be approved.
It was found out from the sources of the Ministry of Planning that earlier the Meeting was held on May 18, which has been canceled, or now the conference has been held on May 22.
Important sources revealed that the GDP growth Target for the Present Financial year was set at 5.01, but there is a risk of deterioration of the GDP GROWTH due to floods in the Country. Many businesses and livestock have been affected, while the Growth of Major industries is also going negative, so Pakistan’s GDP growth will either be very low or negative.
However, the (IMF) has pegged Pakistan’s GDP growth rate at 0.5 percent or the WORLD BANK has Pegged the Growth Rate at 0.4% while the Asian Development Bank has pegged Pakistan’s GDP Growth at 0.6 percent.