PTI government sets GDP growth rate of 4.8% for next fiscal year

PTI government sets GDP growth rate of 4.8% for next fiscal year

*ISLAMABAD: Federal Minister for Planning and Development Asad Umar on Friday said that a GDP growth of 4.8 percent has been approved by the federal government for the next fiscal year. *

He said this during his visit to the Islamabad Chamber of Commerce today as the government announced that it had achieved a growth target of nearly four percent in the outgoing year.

“Annual Plan Coordination Committee (APCC) is also reviewing other economic targets for the next year,” he said while addressing the business community and added that their GDP growth will be more than that of the growth posted during the last year of the PML-N tenure.

The planning and development minister said that an unnecessary hue and cry was raised over the GDP growth with people saying that international bodies have projected less growth. “We are making decisions with a better intent and do not want to shut down businesses and impose lockdown,” he said.

The minister, however, defended the strict restrictions during Eid and said that lessening of the restrictions in the previous year led to a second COVID wave in the country, however, this year, they were able to cope up with the situation in a better way.