SBP calls 6.2% economic growth target ambitiousThese proposed targets do not go with macroeconomic projections under the IMF programme. The new draft shows a slightly downward revision in economic growth targets but targets of budget deficit and PSDP portray expansionary fiscal policies. Pakistan should target to become moderately developed countryAn official statement of the planning ministry stated that the 12th Five-Year “Plan envisages average GDP growth of 5.4%”. The economic growth for last year of the PTI’s tenure, fiscal year 2022-23, has been shown at 6.7% against previous 7%. The average 5.4% GDP growth is slightly higher than the average 4.8% growth that the PML-N government achieved during its 2013-18 term.

Source: The Express Tribune February 23, 2019 03:00 UTC