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

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

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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%.

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