Economic Survey: Govt says achieved highest growth rate of 5.8pc
April 26, 2018
ISLAMABAD (92 News) – Planning Minister Ahsan Iqbal, while unveiling the Economic Survey for the outgoing fiscal year (2017-18), said that Pakistan had achieved the highest growth rate of 5.8 percent in the past thirteen years. Addressing a press conference with Prime Minister’s Adviser on Finance Miftah Ismail, he said that the national exchequer was empty when they took the power. “Now the country is heading towards progress,” he said. He said that the government could have achieved a 6.1 percent growth rate had the country not faced uncertainty. “The government launched security operations through its own sources,” he said. “Investment amounting to US$29 billion has been made in the CPEC project in a short period.” Ahsan Iqbal said that Pakistan has become a big infrastructure economy in South Asia. The minister said that agriculture, industry and services sectors had grown by 3.81 percent, 5.8 percent and 6.43 percent. He claimed that the government had ended Prime Minister’s Adviser on Finance Miftah Ismail said that the government has completed Tarbela IV and Neelum Jhelum projects. “As many as 12,000 MW has been added to the power production,” he said. He said that the inflation rate has been reduced to 3.8 percent from 7.89 percent. “The budget deficit has been reduced to 8.5 percent from 5.5 percent,” he said. Miftah said that exports had been increased to 13 percent till March from last year. “The FBR revenue of this fiscal year has been over Rs 3,900 billion,” he said.