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).

Gauff survives 2nd set to advance at French Open
- 3 hours ago

PSX shows robust trading, hits all-time high
- 3 hours ago

Renowned drama writer Saira Raza passes away after heart attack
- 2 hours ago

Trump seeks Supreme Court relief to resume federal job cuts
- an hour ago

TikTok rolls out new tools to customize 'For You' feed
- 2 hours ago

How PSG ended years of continental heartbreak to win the Champions League
- 3 hours ago
Nigeria flooding death toll jumps past 200
- 3 hours ago
Minor maid allegedly tortured to death by house owner in Faisalabad
- 3 hours ago
PM Shehbaz chairs jirga on peace, security in Peshawar
- 2 hours ago

IG Prisons removed, DIG and jail officials suspended after Karachi jailbreak
- 3 hours ago
Young rape survivor dies amid hospital negligence in India
- 2 hours ago

Gold prices rise for second consecutive day across Pakistan
- an hour ago