AIRLINK 88.80 Decreased By ▼ -0.90 (-1%)
BOP 4.84 Decreased By ▼ -0.12 (-2.42%)
CNERGY 3.96 Decreased By ▼ -0.07 (-1.74%)
DFML 40.15 Decreased By ▼ -0.41 (-1.01%)
DGKC 90.25 Decreased By ▼ -0.15 (-0.17%)
FCCL 22.99 Decreased By ▼ -0.10 (-0.43%)
FFBL 33.50 Decreased By ▼ -0.80 (-2.33%)
FFL 9.14 Increased By ▲ 0.06 (0.66%)
GGL 9.91 Decreased By ▼ -0.03 (-0.3%)
HASCOL 6.05 Decreased By ▼ -0.04 (-0.66%)
HBL 125.62 Decreased By ▼ -1.37 (-1.08%)
HUBC 163.72 Decreased By ▼ -1.53 (-0.93%)
HUMNL 10.77 Decreased By ▼ -0.06 (-0.55%)
KEL 4.41 Decreased By ▼ -0.11 (-2.43%)
KOSM 4.23 Decreased By ▼ -0.11 (-2.53%)
MLCF 38.00 Increased By ▲ 0.10 (0.26%)
OGDC 128.81 Decreased By ▼ -3.37 (-2.55%)
PAEL 24.85 Decreased By ▼ -0.02 (-0.08%)
PIBTL 6.14 Increased By ▲ 0.06 (0.99%)
PPL 116.66 Decreased By ▼ -1.58 (-1.34%)
PRL 24.15 Decreased By ▼ -0.15 (-0.62%)
PTC 12.00 Decreased By ▼ -0.15 (-1.23%)
SEARL 57.92 Decreased By ▼ -0.53 (-0.91%)
SNGP 64.25 Decreased By ▼ -0.30 (-0.46%)
SSGC 9.66 Decreased By ▼ -0.10 (-1.02%)
TELE 7.60 Decreased By ▼ -0.07 (-0.91%)
TPLP 8.98 Decreased By ▼ -0.20 (-2.18%)
TRG 62.80 Decreased By ▼ -0.60 (-0.95%)
UNITY 29.66 Increased By ▲ 2.49 (9.16%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 8,246 Decreased By -46.1 (-0.56%)
BR30 26,414 Decreased By -199.7 (-0.75%)
KSE100 77,941 Decreased By -291.5 (-0.37%)
KSE30 25,187 Decreased By -117 (-0.46%)
Business & Finance

GDP growth forecast of 4.8pc approved for next fiscal: Umar

  • The minister was of the view that the approval reflects the strength of growth momentum in the economy while maintaining strong fundamentals.
Published May 28, 2021

Federal Minister for Planning, Development and Special Initiatives Asad Umar said that GDP growth of 4.8% for the next fiscal year has been approved by the government .

“The annual plan coordination committee has endorsed the GDP growth forecast for next year developed by planning commission of 4.8 percent,” said Umar in a tweet post on Friday. The minister was of the view that the approval reflects the strength of growth momentum in the economy while maintaining strong fundamentals.

“There is a potential upside to this growth also,” he added.

Days ago, Umar, at a press briefing, said that provisional estimates of 3.94 percent growth for the current fiscal year were being questioned by some people.

However, he said that “the numbers for the last (fourth) quarter (April-June) would be even stronger as the economy is growing very fast.”

The minister said that soon after the provisional GDP growth estimate for the current fiscal year were released by the National Account Committee (NAC), a discussion had started. He said that there was nothing new in the numbers as the data that provided a basis for 3.94 percent growth was being released every month but no one questioned them before.

Comments

Comments are closed.