Claims of very high GDP growth by PML N government turned out to be Fake: Report
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ISLAMABAD - Claims of very high GDP growth by the previous PML-N government were proven wrong.
The annual GDP growth figures of the 2017-18 fiscal year were revised downward from 5.79% to 5.22% during the National Accounts Committee meeting in Islamabad on Friday.
The 100th meeting of the National Accounts Committee to review the final and revised GDP estimates of for the years 2016-17 and 2017-18 was chaired by the statistics division secretary.
The provisional GDP estimates for 2017-18 and revised GDP estimates for 2016-17 presented during the 99th meeting have been updated based on the latest available data.
The special meeting was called to meet the requirements of the Ministry of Planning, Development and Reform for revised GDP data for 2017-18 to provide them a baseline to work on the 12th Five Year Plan (2018-23).
The final GDP growth rate for 2016-17 has been estimated at 5.37%, which was 5.38% in the revised estimates, according to the Pakistan Bureau of Statistics.
