Pakistan cuts 2017-18 economic growth estimate

  • News Digest

Feb 11, 2019-

Pakistan has revised its economic growth figures for the last financial year to 5.2 percent from a previously reported figure of 5.8 percent, after a sharp cut in the figure for large-scale manufacturing, the statistics office said. The revision of figures reported by the previous government underlines the economic headwinds facing Pakistan which is holding discussions over a possible bailout from the International Monetary Fund. When the original estimate was reported in April by the government of Prime Minister Shahid Khaqan Abbasi, it was hailed as the strongest growth in 13 years. The office, in a statement issued after a meeting of the national accounts committee late on Friday, said gross domestic product in the 2017/18 financial year to June rose 5.22 percent compared with a previously reported 5.79 percent. (REUTERS)

Published: 11-02-2019 12:27

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