Economic recovery and growth
LAHORE:
The National Accounts Committee (NAC) came up with a GDP growth figure of 3.94% for FY21, which is based on provisional figures for the first nine months of the fiscal year.
This news sparked debate between the government and opposition parties. The government is claiming that this achievement is the result of timely fiscal and monetary accommodation with the Covid-19 outbreak in Pakistan.
In addition, the announcement and implementation of construction package played a significant role in bringing a V-shaped recovery.
Even some ministers are of the opinion that the first two years of economic slowdown were the result of economic follies and mismanagement of the previous government and now the economy is on the path of growth.
ISLAMABAD: The budget document for 2021-22 shows that the official level of poverty in Pakistan has declined from 24.3 percent in 2015-16 to 21.9 percent in 2018-19.It indicates that poverty.
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