PML-N says govt's growth claim travesty of truth

By: News Desk      Published: 05:45 PM, 23 May, 2021
Growth rate
Miftah Ismael and Muhammad Zubair address a news conference in Karachi.

The Pakistan Muslim League (Nawaz) has rejected the government’s claim which touts to achieve a 3.94 percent growth rate terming it a travesty of truth, reported 24News HD TV Channel.

PML-N leaders former governor Sindh Muhammad Zubair and former finance minister Ismail Miftah were talking to media in Karachi on Sunday.

Mr Zubair rejected the government’s boastful claim that Pakistan had achieved 3.94% growth rate. He said it was mindboggling that a short time ago, the growth rate was hovering between 1% and 2% and now it was being projected at 3.94%. He wondered how on earth this rate jumped high all of a sudden. He said Finance Minister Shaukat Tarin himself had stated that the present government had destroyed the economy. 

Mr Miftah said that the government had toyed with the economic numeric. He said instead of improving the state of the economy, the government was trying to create doubt in terms of numbers. He alleged that a minister ordered to show 4% growth rate. 

On Saturday, Mr Miftah enumerated the achievements of previous PML-N government. He said in the tenure of PML-N, Pakistan’s economy was growing at the rate of 5.8%. He said it was PML-N government that brought CPAC plan in Pakistan. He said the previous government spread the network of motorways. It had taken 20million people out of vicious cycle of poverty in its reign, he added. He hit hard on PTI government for fidgeting with the growth projection rate. 

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On Friday, the planning commission secretary told a special meeting that despite the corona outbreak, the economic growth rate reached 3.94% during the fiscal year 2020-21, though the target was set at 2.1 percent.

During the fiscal year 2020-21, services sector grew at 4.43%, industrial sector at 3.57% and manufacturing sector at 8.71%.

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However, the agricultural production was estimated to grow by 2.77% but due to a decline in cotton production, it could not meet the target, the secretary informed.