The provisional Gross Domestic Product (GDP) growth rate of 3.94% is almost double than the official target of 2.1%. The 4% growth rate was higher than the SBP’s estimates of 3% and the IMF’s projection of 2% for this fiscal year. The World Bank, too, had predicted a GDP growth rate of no more than 1.5%. The sources said a non-elected cabinet member had asked the PBS this week to show a growth rate of over 4%. However, eventually the 4% economic growth rate was presented before the NAC on Friday.

Source: The Express Tribune May 22, 2021 05:15 UTC