Govt congratulates itself on GDP growth even as inflation continues to rise

Govt congratulates itself on GDP growth even as inflation continues to rise Govt congratulates itself on GDP growth even as inflation continues to rise

Islamabad: The federal government of Pakistan has said on Friday that GDP grew by 3.94% in the current financial year, terming it a good rate despite the coronavirus pandemic.

Federal minister Asad Umar said in a tweet that the growth came about as a result of Prime Minister Imran Khan's successful policies. The development came about on the same day that the Bureau of Statistics said that with a 0.82% rise, inflation now stands at a whopping 17.23%. 

In a tweet from his account, Prime Minister Imran Khan said that the recovery came about on the basis of three sectors, agriculture, services and industry. 

Meanwhile, chicken prices drove the hike in inflation, with a Rs. 36.7 hike per kilogramme. Chicken wasn't the only meat to get inflated, as beef and mutton prices jumped by Rs. 10 and Rs.12.49 respectively. Eggs rose by Rs. 8 per dozen while sugar also registered a hike, adding Rs. 3.22 to its per kilogramme rate. Bananas too became more expensive by Rs. 18 per dozen while onions registered a relatively mild increase, clocking in a spike of only Rs. 2 per kilogramme. 

A 20 kilogramme bag of wheat flour went up by Rs.33.49, retailing now at Rs. 1145. 

The retail price of garlic, unpackaged milk and ghee also became more expensive while the price of tomatoes, LPG and rice fell.

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