The federal minister said that this ‘huge improvement’ in the circular debt buildup against the last year of PML-N government has been achieved despite massive increase in capacity payments caused by decisions committed by the former government.
The planning ministry said its provisional estimate was based on data for the year so far on growth in the agricultural, industrial, and services sectors.
Pakistan's economy was hit hard by the COVID-19 pandemic last year. On Friday the ministry also revised down GDP growth for the financial year that ended on June 30, 2020 to -0.47%, from -0.38%.