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Business

Foreign researchers predict 6pc GDP growth for Pakistan in next decade 

LAHORE: Researchers from Harvard University's centre for international development has predicted an average of 6pc growt

Sep 24 2017

LAHORE: Researchers from Harvard University's centre for international development has predicted an average of 6pc growth in GDP of Pakistan over next 10 years.

In a press statement issued here on Sunday, PML-N leader and Member Punjab Assembly Irfan Daultana said that it was because of economic stability brought by the PML-N government in the country.

He said, "Sagacious economic policies of PML-N has won confidence of the world and various international institutions have acknowledged Pakistan as a fast growing economy".

He said that Pakistan's GDP growth was recorded at 5.3pc during the fiscal year 2016-17.

He said that agriculture and services sectors got substantial growth.

"Increase in agriculture growth is because the government provided easy loans and other facilities to the farmers. Agriculture sector got 9.7pc growth till April 2017", he added.

He said that iron and steel products got 20.26pc growth, while automobile 11.41, pharmaceuticals 9.1pc, electronics 15.11pc etc.

He said the government had taken a number of initiatives to increase exports.

This is very important initiative for controlling trade deficit, he added.

Copyright APP (Associated Press of Pakistan), 2017