Pakistan misses economic growth target fixed for the current fiscal year

According to National Accounts Committee documents, Pakistan missed the economic growth target fixed for the current fiscal year, registering a growth of 5.28 percent against target of 5.7 percent.

The agriculture sector recorded 3.46 percent in the current fiscal year as the cotton, sugarcane and maize registered sharp increase. The documents reveal that wheat growth of 0.5 percent, maize records an increase of 16.3 percent.

Following are the key growth stats for the year

• Economy Shows Growth Of 5.28 Percent In 2016-17
• Economy Target Missed During The Current Year As It Was At 5.7 Percent
• Agriculture Sector Recorded A Growth Of 3.46 Percent
• Important Crops Register An Increase of 4.12 Percent
• Industrial Sector Records A Growth Of 5.02 Percent
• Services Sector Recorded A Growth Of 5.98 Percent
• Live Stock Recorded A Growth Of 3.43 Percent
• Forestry Showed An Increase Of 14.49 Percent
• Fishing Showed A Growth Of 1.23 Percent
• Wheat Growth Was 0.5%, Maize Records An Increase Of 16.3%
• Rice, Sugarcane And Cotton Records Rise Of 0.7%, 16.3% And 7.6% Respectively