Business
Govt eyes 4.8 per cent annual growth rate in FY22
Islamabad: The federal government has set 4.8 per cent growth rate of Gross Domestic Product (GDP) for the upcoming fiscal year 2021-22.
According to the budget document, the growth rate for the agricultural sector has been set at 5 per cent whereas growth rate for the crops has been proposed at 2.2 per cent.
For cotton, the growth rate n has been forecasted 10 per cent of the overall GDP projected by the federal government for the upcoming FY22.
The growth rate for the industrial sector has been set at 6.5 per cent, while the manufacturing sector has been estimated to have 6.2% growth rate.
Growth target for the large manufacturing sector has been projected 6 per cent, while for the construction sector it has been projected at 8.3 per cent.