Pakistan govt sets 4.8% GDP growth target for next financial year

Pakistan has also revised down its GDP data for the financial year that ended last June to show a contraction of 0.47 per cent from one of 0.38 per cent

Pakistan's government has set a 4.8 per cent GDP growth target for the financial year starting on July 1 as the country recovers from the worst of the coronavirus pandemic, Plann­ing Minist­er Asad Umar said on Friday.
 
For the year ending next month, Pakistan has said it is on course to achieve 3.94 per cent GDP — more than double the IMF's view and roughly triple the World Bank's projection. "This growth is an indicator that the revival that has started is continuing its momentum," Umar told a news conference in Islamabad.
 
The government has met with scepticism