NAC approves updated provisional growth of GDP at 2.52% during FY24
Islamabad: The country's gross domestic product (GDP) grew by a stable 3.07 per cent in the fourth quarter (April-June) of fiscal year 2023-24.
According to the Pakistan Bureau of Statistics (PBS), the economy has posted a stable growth of 3.07% during Q4 of FY 2023-24. During Q4, the growth in agriculture, industry and services stands at 6.76%, -3.59% and 3.69% respectively, the committee shared.
The PBS issued the latest statistics after the 110th National Accounts Committee (NAC) meeting. The NAC also approved the updated provisional growth of GDP at 2.52% during FY24, which was higher than previous estimates of 2.38%.
The updated growth rates in agriculture, industry and services are 6.36%, -1.15% and 2.15% respectively in FY24.
“The healthy growth of agriculture is mainly due to double-digit growth in important crops i.e. 17.02%, which was 16.82% in the previous meeting on account of improvement in wheat (from 31.438 to 31.583 MT).
PM reaffirms resolve to ensure success of CPEC next phase
- 4 گھنٹے قبل
Does Trump Mobile know how many stripes are on the American flag?
- 20 گھنٹے قبل
Bose’s new Lifestyle Ultra speakers are now available
- 20 گھنٹے قبل
Pakistan announces three-day public holiday to mark Eidul Azha
- 8 گھنٹے قبل
Trump’s brazen plan for a $1.7 billion slush fund
- 18 گھنٹے قبل
You have more time than you think. Here are 5 science-backed ways to find it
- 18 گھنٹے قبل
WHO says Ebola risk high regionally, low worldwide
- 4 گھنٹے قبل
Bangladesh sweep series v Pakistan despite Rizwan defiance
- 10 گھنٹے قبل
The sublime, feral pleasure of Girl Dinner Diaries
- 18 گھنٹے قبل
The rise of the progressive billionaire candidate
- 18 گھنٹے قبل
Photos reveal strange sea creatures that scientists have never seen before
- 18 گھنٹے قبل
China's Xi, Russia's Putin praise ties at Beijing talks; energy in focus
- 10 گھنٹے قبل
