Govt. aims for a 4% growth in economy in FY19-20

MG News | May 24, 2019 at 03:50 PM GMT+05:00

0:00

May 24, 2019 (MLN): The government of Pakistan has set a 4% economic growth target for fiscal year 2019-2020, according to a government document released today.

According to this document, the government aims to achieve 2.9% growth in the agriculture sector, within which major and minor crops production is likely to grow by 3.5%. Moreover, the cotton crop is expected to show a growth of 3.1% while livestock is targeted to grow by 2.5%.

On the other hand, the government aims for the Services sector to enhance its performance by 4.8%, manufacturing sector to show a growth of 2% while electric and gas distribution is expected to expand by 3.4%.

In addition to this, the government aims for forest and fishery to improve by 3.6% and 4% respectively, while Construction by 1.5%, housing by 4% and financial insurance by 6.5%.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	162,642.76 256.20M	-0.41% -661.38
ALLSHR	99,086.82 639.06M	-0.30% -294.15
KSE30	49,569.31 89.09M	-0.55% -273.20
KMI30	236,615.84 55.61M	-0.63% -1488.32
KMIALLSHR	65,244.24 288.25M	-0.53% -346.71
BKTi	45,473.62 43.10M	-0.51% -231.68
OGTi	32,356.92 3.82M	-0.96% -314.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	116,045.00	116,570.00 113,495.00	5305.00 4.79%
BRENT CRUDE	66.06	66.64 65.95	0.12 0.18%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.05 -1.29%
ROTTERDAM COAL MONTHLY	92.60	0.00 0.00	0.10 0.11%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	61.62	62.17 61.49	0.12 0.20%
SUGAR #11 WORLD	14.97	15.34 14.93	-0.32 -2.09%