ISLAMABAD – Claims of very high GDP growth by the previous PML-N governmentwere proven wrong.
The annual GDP growth figures of the 2017-18 fiscal year were reviseddownward from 5.79% to 5.22% during the National Accounts Committee meetingin Islamabad on Friday.
The 100th meeting of the National Accounts Committee to review the finaland revised GDP estimates of for the years 2016-17 and 2017-18 was chairedby the statistics division secretary.
The provisional GDP estimates for 2017-18 and revised GDP estimates for2016-17 presented during the 99th meeting have been updated based on thelatest available data.
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The special meeting was called to meet the requirements of the Ministry ofPlanning, Development and Reform for revised GDP data for 2017-18 toprovide 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%, whichwas 5.38% in the revised estimates, according to the Pakistan Bureau ofStatistics.
