ISLAMABAD, June 10 — Pakistan will target growth of 2.3 per cent in fiscal year 2020-21, according to government officials and documents seen by Reuters that said the economic landscape would depend mainly on the country's ability to control the coronavirus pandemic. Prime Minister Imran Khan's...
Wednesday, 10 Jun 2020 07:46 AM MYT
“The GDP growth for 2020-21 is targeted at 2.3 per cent with contributions from agriculture , industry and services ,” a planning commission working paper seen by Reuters said. The planning commission paper projects an average inflation rate of 6 per cent in 2020-21, a trade deficit of 7.1 of GDP and a current account deficit of 1.6 of GDP. Exports and imports are projected to grow at 1.5 and 1.1, respectively.A budget strategy paper in March, just before the pandemic hit, had projected growth of 3 per cent in 2020-21.
The March paper projected public sector development spending of 700-900 billion rupees, compared with 650 billion rupees in the newer planning commission paper.
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