ISLAMABAD, May 21: The National Accounts Committee (NAC) on Tuesday approved the provisional growth of the Gross Domestic Product (GDP) of the country at 2.38 per cent for the ongoing fiscal year (2023-24). The committee approved the quarterly GDP growth rates for first-quarter (revised), second (revised), and third quarters during the fiscal year 2023-24 and annual growth rates for 2021-22 (final), 2022-23 (revised) and 2023-24 (provisional). Overall GDP forthe first quarter and second quarter for the fiscal year 2023-24 have witnessed a revised growth of 2.71% and 1.79% as compared to 2.50% and 1.0% estimated in the 108th NAC meeting. The economy has posted a stable growth of 2.09% during the third quarter of fiscal year 2023-24. Further, the revised growth during the fiscal year 2022-23 is -0.21%, which was estimated at -0.17% in the previous meeting.

Source: The Patriot May 21, 2024 17:05 UTC