• Download the Constitution of Pakistan
  • Advertise
Friday, July 25, 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

Pakistan, Russia sign Protocol to restore & modernize PSM

Pakistan, Russia sign Protocol to restore & modernize PSM

by News Publishing
July 11, 2025
0

Pakistan and Russia have signed a Protocol to restore and modernize Pakistan Steel Mills (PSM) in Karachi, reaffirming their long-standing...

PSX soars to new high of over 133,000 points in intraday trade

PSX soars to new high of over 133,000 points in intraday trade

by News Publishing
July 7, 2025
0

July 8, 2025: The Pakistan Stock Exchange (PSX) continued its remarkable upward trend on Monday, as the KSE-100 index surged...

Pakistan, Azerbaijan sign $2billion investment agreement

Pakistan, Azerbaijan sign $2billion investment agreement

by News Publishing
July 5, 2025
0

Pakistan and Azerbaijan have signed an agreement for investment worth two billion dollars in diverse sectors of Pakistan's economy. The...

Electricity Rate cut 2025

NEPRA Slashes Power Tariff by Rs1.16 Per Unit

by Anum Arif
July 2, 2025
0

In a major relief to power consumers across Pakistan, the National Electric Power Regulatory Authority (NEPRA) has approved a reduction...

Petrol price increased by Rs8.36 per litre for next fortnight

Petrol price increased by Rs8.36 per litre for next fortnight

by News Publishing
July 1, 2025
0

The Finance Division has announced a significant increase in fuel prices, citing volatility in global crude oil markets. Effective from...

PSX 2025

PSX Crosses 125,000 Points for First Time

by Anum Arif
June 30, 2025
0

The Pakistan Stock Exchange (PSX) achieved a historic milestone on June 30, 2025, as the benchmark KSE-100 Index crossed the...

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