Pakistan’s July-September GDP up 2.13% versus 0.96% year earlier

A man walks past a foreign currency exchange market in Islamabad on July 11, 2023. (AFP/File)
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Updated 28 November 2023
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Pakistan’s July-September GDP up 2.13% versus 0.96% year earlier

  • This is the first release of quarterly gross domestic product data as part of an IMF structural benchmark
  • The statistics bureau also revised down the GDP figure for 2022-2023 to 0.17% from earlier reported 0.29%

KARACHI: Pakistan’s economy grew 2.13% in the July-September quarter compared to 0.96% in the same quarter a year earlier, the Pakistan Bureau of Statistics said on Tuesday.

The data for the first quarter of the 2023-2024 fiscal year that ends on June 30 marks the first release of quarterly gross domestic product data.

Its introduction has been approved by the National Accounts Committee as one of the structural benchmarks of the current $3 billion bailout agreed with the International Monetary Fund.

The statistics bureau also revised down the GDP figure for the 2022-2023 fiscal year that ended on June 30 to a 0.17% contraction from earlier reported 0.29% growth.


‘Confident’ Pakistan ready for India blockbuster after USA win

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‘Confident’ Pakistan ready for India blockbuster after USA win

  • Pakistan carry momentum into Sunday’s clash after back-to-back World Cup wins, series sweep of Australia
  • Players dismiss Pakistan’s poor ICC record against India, saying past results will not shape the outcome

COLOMBO, Sri Lanka: Pakistan warmed up for their blockbuster T20 World Cup clash against India with a 32-run win against the USA on Tuesday then declared they were “confident” of taking down their bitter rivals.

The Group A win was a boost for Pakistan before Sunday’s high-octane clash with the defending champions in Colombo, now back on after the Islamabad government called off a boycott 24 hours previously.

Opener Sahibzada Farhan, who top scored with 73 in the USA win, said: “The match is on and we are in a confident mood.”

Pakistan have a dismal record against India in ICC tournaments, winning only once in eight encounters in T20 World Cups and have lost all eight times that the sides have met in the 50-over World Cup.

In last year’s T20 Asian Cup, India beat Pakistan three times on their way to lifting the trophy in Dubai.

Spinner Tariq Usman, who took 3-27 against the United States, said those stats did not bother him.

“We used to beat India in the 1990s and before so don’t count the recent record or only the ICC event record, we used to win against them frequently,” said Tariq.”

Farhan promised: “This time it will be different and we will give a strong performance.

“We lost all three matches including the final to India in the Asia Cup but they were not one-sided.”

Farhan said two wins out of two in the World Cup, the first was against the Netherlands on Saturday, had kick-started Pakistan’s campaign.

Pakistan came into the tournament having beaten Australia 3-0 in a home T20 series and Farhan said the mood around the camp was very positive.

“Wins always give you confidence and we will take this confidence into Sunday’s game and we assure you we will be a better side come Sunday,” said Farhan.

India will face a second Group A match against Namibia on Thursday in New Delhi before flying to Sri Lanka.

It means a quick turnaround for Sunday’s match, the biggest and most lucrative clash in world cricket.