PM Imran Khan expects GDP to grow at a higher rate

Imran GDP

The macroeconomic indicators of Pakistan were stable, and the GDP would grow at a greater rate by the end of this financial year compared to the previous year, Prime Minister Imran Khan expressed his confidence.

A meeting of the Macro Economic Advisory Group was chaired by the prime minister during which he said the rise in large-scale manufacturing and value-addition of revenues, goods, and exports presented that the policy actions taken by the government had started bearing fruit.

The meeting was further explained the present economic condition of the country, enlightening macroeconomic indicators and a complete plan to further toughen the economy, serving to bear the growth rate in spite of a rise in global product prices.

Read more: Pakistan is still the cheapest country to live in: PM Imran Khan

It was informed at the conference chaired by PM Imran Khan that when the global economies were abused by the hostile effects of the epidemic, Pakistan not only did great to cover the condition but also continued the GDP growth rate of 3.9 percent.

Though Pakistan was undergoing a higher growth rate and the current fiscal year was expected to close with an increase of more than one percentage point compared to the previous fiscal year’s figure.

The meeting was further updated regarding the stable sustainable structural reforms in the power sector that had led to a contraction in circular debt, forex reserves, 35 percent growth in revenue along with 32 percent growth in tax collection alone, and an upsurge in exports comprising value-added goods and large-scale manufacturing.

The meeting was attended by Adviser on Finance Shaukat Tarin, Energy Minister Hammad Azhar, Planning Minister Asad Umar, Special Assistant Dr Shehbaz Gill, State Bank Governor Reza Baqir, Dr Rashid Amjad, Dr Syed Salman Shah, Saqib Sherani, Dr Ashfaque Hassan Khan, Finance Secretary Hamid Yaqoob Sheikh, Federal Board of Revenue Chairman Ashfaq Ahmed, Economic Adviser at Finance Ministry Dr Imtiaz Ahmed and other senior officials.

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