The reform package puts the government at the centre of the economic growth model, instead of the private-sector led growth. “There is assumption that economic growth is averse of stabilisation and this needs to be examined,” said Planning Commission Deputy Chairman Jehanzeb Khan. The 7.11% economic growth rate is required only for full employment, said Haque. Pakistan’s long run economic growth was declining due to a decline in both productivity and investment, which was very dangerous trend. Umar said that more than economic growth rate, the equitable growth was more important.

Source: The Express Tribune April 23, 2021 03:33 UTC