NAC revises GDP growth to 5.37% for FY21

MG News | January 20, 2022 at 03:24 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 20, 2022 (MLN): National Accounts Committee (NAC) approved the revised estimate of GDP growth for 2020-21 which was 5.37% when compared to the base year 2005-6. This is the second-highest growth in the last 14 years, Asad Umar, Federal Minister for Planning Development, Reforms, and Special Initiatives said on Twitter.

Higher growth versus provisional estimates which were based on July-Mar numbers was mainly due to very strong industrial growth in April-June, he added.

To note, the provisional growth of GDP for the year 2020-21 had been estimated at 3.94% which was based upon growth estimates of the agricultural, industrial, and services sectors at 2.77%, 3.57%, and 4.43%, respectively.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	168,021.80 127.60M	-0.81% -1370.52
ALLSHR	101,556.94 354.31M	-0.67% -689.83
KSE30	49,991.48 75.67M	-0.94% -476.61
KMI30	238,953.80 53.22M	-0.89% -2154.95
KMIALLSHR	65,832.11 176.71M	-0.62% -413.39
BKTi	46,602.60 33.62M	-0.83% -389.71
OGTi	34,306.19 5.41M	-0.53% -182.74

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	75,750.00	76,330.00 75,140.00	-415.00 -0.54%
BRENT CRUDE	106.38	108.59 106.32	-2.37 -2.18%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	2.75 2.16%
ROTTERDAM COAL MONTHLY	138.50	0.00 0.00	-0.50 -0.36%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	102.90	105.63 102.84	-2.93 -2.77%
SUGAR #11 WORLD	18.05	18.18 17.68	0.11 0.61%