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).
Karachi launches pilot project to turn wet waste into biogas and compost
- in 2 hours
Death toll rises to 16 as violent storms strike central-eastern US
- in 3 hours
Security forces thwart Khawarij infiltration attempt at Pakistan-Afghanistan border
- in 2 hours
Karachi to hit 40°C today
- in an hour
420kg of dead animal meat seized in Punjab
- in 2 hours
Building stronger US-Pakistan ties through Minerals Investment Forum
- an hour ago
Making sense of it all
- an hour ago
Rain stalls quake relief in Myanmar, death toll hits 3,471
- in 4 hours
Saba Qamar celebrates 41st birthday with peaceful poolside celebration
- 2 hours ago
UK’s Labour MP Dan Norris faces arrest over sexual offenses
- an hour ago
Health ministry warns 602,000 Gaza children at risk of permanent paralysis
- in 4 hours
Punjab police personnel arrested in honey trap kidnapping scheme
- 34 minutes ago
