ISLAMABAD: Pakistan on Thursday revised up its economic growth rate for 2020-21 to 5.37 percent from 3.9 percent, minister for planning and development said.
“The growth in 2020-21 was 5.37 percent,” said Asad Umar in a tweet, adding the National Accounts Committee (NAC) approved the revised estimate of GDP growth.
NAC approved revised estimate of GDP growth for 2020-21 . The growth in 2020-21 was 5.37%. This is the 2nd highest growth in last 14 years. Higher growth versus provisional estimates which were based on jul-mar numbers, was mainly due to very strong industrial growth in apr-jun.
— Asad Umar (@Asad_Umar) January 20, 2022
The NAC is a government body that reviews the economic indicators.
This is second time the GDP rate for 2020-21 has been revised, from an initial 2.3 percent set in the 2020 annual budget, and then to 3.9 percent by the central bank.
