Leading Pakistan economists doubtful over country s 3 94 per cent GDP rate modernghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from modernghana.com Daily Mail and Mail on Sunday newspapers.
Lahore [Pakistan], May 29 (ANI): Pakistan's leading economists have expressed their doubts over the provisional estimate of 3.94 per cent GDP growth rate in the country and said it negates Imran Khan-led government's own estimate of 2.9 pc GDP growth approved by the federal cabinet last month.
In April, the federal cabinet approved the medium-term budget strategy paper and shared it with the International Monetary Fund (IMF). In this paper, the government estimated 2.9 pc GDP growth for ongoing fiscal year.
Pakistan leading economists have expressed their doubts over the provisional estimate of 3.94 per cent GDP growth rate in the country and said it negates Imra
LAHORE: The country’s leading economists have expressed mixed view on the provisional estimate of 3.94 per cent GDP growth rate projected by the National Accounts Committee (NAC) and said it negates the government’s own estimate of 2.9pc GDP growth approved by the federal cabinet last month.
Last month, the federal cabinet approved the medium-term budget strategy paper and shared it with the International Monetary Fund (IMF). In this paper, the government estimated 2.9pc GDP growth for ongoing fiscal year. “But now, all of sudden within a couple of weeks, how it has jumped to 3.94pc,” wonders former finance minister Dr Hafeez Pasha. “The State Bank of Pakistan’s estimate ranged between 2.8pc and 3pc while the estimates of the IMF and the World Bank stood at about 2pc and 1.5pc, respectively,” he said.