*ISLAMABAD: *Pakistan’s economy is said to have achieved its highesteconomic growth rate at 5.79 percent, the highest in eleven years,proclaimed the government on Monday.
A meeting of National Accounts Committee (NAC) held on Monday found outthat fifteen out of 20 key growth indicators were said to have metprojections, but the number isn’t still final as closing data for thefinancial year 2017-18 gets finalized, reported *Dawn.*
The per capita income was determined to be Rs180,204 for the financial year2017-18 compared against Rs162,1230 reached for FY 2016-18 which wasreached from provisional data during population census carried out in March2017.
The agriculture sector is said to have posted growth of 3.81 percent,surpassing the projected figure of 3.5 percent set by the government for FY2017-18.
Also, major crops registered a growth of 3.57 percent compared to theprojection of 2 percent. Cotton production during this period was projectedto have risen 11.8 percent, rice 8.7 percent and sugarcane 7.4 percent.
And livestock posted a growth rate of 3.76 percent against the projectedtarget of 3.8 percent, the following was the fishery sector whichregistered growth of 1.6 percent this financial year compared to 1.7percent in previous year.
Forestry posted 7.17 percent growth during this year against forecasttarget of 10 percent.
In the industrial segment, a growth rate of 5.8 percent was reached againstthe projected target of 7.3 percent set for FY 2017-18.
Mining and quarrying segment registered expansion of 3.04 percent comparedto a projection of 3.5 percent.
Manufacturing posted expansion of 6.13 percent compared to a projection of6.4 percent, which was 5.82 percent in last financial year.