This can be a election agenda in ongoing parliament elections in India that Pakistan’s economy shows a dismal 3.3 per cent growth in 2018-19. Its almost half compare to indian growth.
The poor show came as the cash-strapped Pakistan Tehreek-e-Insaf government was negotiating a bail out package from the International Monetary Fund (IMF) to tide over the country’s economic woes.
The National Accounts Committee, in its 101st meeting chaired by Secretary Planning, Development and Reform Zafar Hasan – to review the Gross Domestic Product (GDP) – came out with the growth figures for the year 2018-19.
The government has anticipated 3.8 per cent growth rate in agriculture, 7.6 per cent in industry and 6.5 per cent in services, thus set up a target of 6.2 per cent GDP growth, the Dawn reported.
In a major setback to the government, all these targets fell flat, it said.
“It shows the dismal performance of the overall economy in the first year of Pakistan Tehreek-e-Insaf government,” the report said.
“The provisional growth of GDP for the year 2018-19 has been estimated at 3.3 per cent. Growth of agricultural, industrial and services sectors is 0.85pc, 1.4pc and 4.7pc respectively,” the report said quoting official figures.
