• Download the Constitution of Pakistan
  • Advertise
Wednesday, May 14, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Business

NEC approves 4.8% economic growth target for FY22

by Web Desk
June 8, 2021
in Business, Economy, Main
Reading Time: 1 min read
0
NEC
Share on FacebookShare on TwitterLinkedinWhatsapp

On Monday, the National Economic Council (NEC) approved a “realistic” economic growth target of 4.8% for the next fiscal year amid a challenge to strike a balance between economic stability and growth to contain increasing inflationary and import pressures.

The 4.8% Gross Domestic Product growth rate for the fiscal year 2021-22 that approved by the NEC, the country’s constitutional economic decision-making body, was slightly lower than what Finance Minister Shaukat Tarin had sought.

Tarin wanted an over 5% economic growth target but Planning Minister Asad Umar opined in the meeting that the 4.8% target was a realistic one that had been worked out by the Planning Commission in consultation with other stakeholders, a participant of the meeting told The Express Tribune.

The agriculture sector is targeted to grow 3.5%, industry 6.5%, and services 4.7%. However, the NEC was informed that the economic growth target was subject to favorable weather conditions, vaccination drive to reach maximum population, and easing of Covid-related restrictions before the end of the first half of the next fiscal year.

Tags: agriculture sectorGDPGross Domestic ProductNational Economic CouncilNECPlanning Minister Asad UmarPTIShaukat Tarin
Web Desk

Web Desk

Related Posts

IMF PAK

Pakistan Gets $1.023B from IMF, Begins 2025-26 Budget Talks

by Anum Arif
May 14, 2025
0

Islamabad – Wednesday, 14 May 2025:The State Bank of Pakistan (SBP) confirmed on Wednesday that it has received the second...

Aurangzeb Minister

Aurangzeb: India Tensions Have Minor Economic Impact

by Anum Arif
May 13, 2025
0

Federal Finance Minister Muhammad Aurangzeb has downplayed concerns over the economic repercussions stemming from recent military tensions between Pakistan and...

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, andTax Relief Fuel Market Rally

KSE-100 Surges Past 120,000as Ceasefire, IMF Funding, and Tax Relief Fuel Market Rally

by News Publishing
May 13, 2025
0

The Pakistan Stock Exchange (PSX) extended its historic rally on Tuesday, with the benchmark KSE-100 Index climbing back above the...

PKR and Dollar

PKR Rises Amid Trade Truce Optimism

by Anum Arif
May 12, 2025
0

The Pakistani rupee showed early signs of strength on Monday, appreciating 0.1% against the US dollar in the inter-bank market...

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

PSX skyrockets nearly 10,000 points as ceasefire lifts investor confidence

by News Publishing
May 12, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Monday, with the benchmark KSE-100 index surging over 9% following...

Pakistan launches "Operation Bunyan-un-Marsoos" in response to Indian aggression

Pakistan launches “Operation Bunyan-un-Marsoos” in response to Indian aggression

by News Publishing
May 10, 2025
0

Pakistan has launched a decisive and large-scale military response to blatant Indian aggression under Operation Bunyan un Marsoos ("Iron Wall"),...

Next Post
Rashakai economic zone

CPEC's Rashakai economic zone to be a game-changer for KP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters