Pakistan revises up 2020-21 GDP to 5.37 percent from 3.9 percent

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.

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.