Economy shrinks from 6.1% to 0.3% under PDM govt’s watch - News Summed Up

Economy shrinks from 6.1% to 0.3% under PDM govt’s watch


But the services sector -- the single largest sector in the economy -- showed nominal growth of 0.9%. All the institutions predicted the 0.2% to 0.8% economic growth rate. The economic growth rate during the last year of the PTI rule was 6%, which was further adjusted by the NAC on Wednesday to 6.1%. Last year, there was 6.1% growth rate - the end of the Pakistan Tehreek-e-Insaf government – which was the highest in four years. The NAC also revised the economic growth rate upward for the second last year of the PTI government from 6% to 6.1%.


Source: The Express Tribune May 25, 2023 07:30 UTC



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