Pakistani GDP exceeds 1.84pc of target in fiscal 2020-21

By: News Desk      Published: 08:16 PM, 21 May, 2021
Pakistani GDP exceeds 1.84pc of target in fiscal 2020-21

Despite an outbreak of coronavirus, the Pakistani economic growth rate showing positive sign exceeded 1.84 percent from the target of 2.1 percent in the fiscal year 2020-21.

According to 24NewsHD TV Channel, Pakistani Gross Domestic Product (GDP) was expected to be 3.94 percent in 2020-21 against the target set at 2.1 percent initially.

Planning Commission Secretary on Friday presided over a special meeting and was briefed the economic growth rate as the output of the services sector, industry, and manufacturing remained above the target.

The meeting was informed the country's economy recovered during the Corona outbreak, with economic growth reaching 3.94 percent during the fiscal year 2020-21, despite the target was set at 2.1 percent.

During the fiscal year 2020-21, services sector production touched the target at 4.43 percent, industrial sector production at 3.57 percent and manufacturing sector production at 8.71 percent.

However, agricultural production was estimated to be 2.77 percent but due to a decline in cotton production, it could not meet the set target.

In the meeting, it was also informed that the per capita income in Pakistan was Rs246,414.

Reporter Waqas Azeem

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