2024-05-21 17:07:19
(24 Information) The federal government failed to attain the financial targets of this yr, the financial progress fee goal set for the present monetary yr couldn’t be achieved.
In keeping with the Planning Fee deficit report, the federal government failed to attain the financial targets for the present yr, the targets set for the commercial and repair sectors for the present monetary yr couldn’t be achieved, the event of the agricultural sector was greater than the goal for the present monetary yr. The financial progress fee for the yr was accepted at 2.38 %. The financial progress fee goal for the present monetary yr was set at 3.5 %.
The IMF had predicted the financial progress fee of Pakistan to be 2 % this fiscal yr, the expansion of the agricultural sector for the present fiscal yr was accepted at 6.25 %, the goal of the agricultural sector for the present fiscal yr was set at 3.5 %. The expansion of the commercial sector was 1.21 %, the goal of commercial progress was set at 3.4 %. The expansion of the providers sector this yr was 1.21 % towards the set goal of three.6 %.
Should learn: Figuring out primary financial targets, variations between IMF and Pakistan stay
The Planning Fee has acknowledged that the manufacturing of main crops within the agricultural sector was greater than 11%, the manufacturing of wheat elevated from 28.16 million metric tons to 31.44 million metric tons, the manufacturing of cotton elevated by 108.22%, the manufacturing of cotton was 4.91 million bales. elevated from 10.22 million bales, rice manufacturing elevated from 7.32 million tons to 9.87 million tons, manufacturing of sugarcane and maize recorded a lower within the present yr, the expansion of large-scale manufacturing was 0.07 %.
In keeping with the Nationwide Accounts Committee, the manufacturing of electrical energy, gasoline and water provide sector was destructive 10.55%, the manufacturing of building sector was 5.86%, the manufacturing of wholesale and retail sector was 0.32%, the manufacturing of monetary and insurance coverage sector was destructive 9.64%. The output of the training sector was 10.30 %, the output of well being and social actions was 6.80 %, the Nationwide Accounts Committee accepted the interim financial statistics for the brand new monetary yr.
2024-05-21 17:07:19