Pakistan, in bailout deal with IMF, sets 4.8% GDP growth target for 2021-22

Pakistan's economy suffered a 0.47 per cent contraction in FY2019/20

Pakistan, in talks with the IMF about its $6 billion bailout programme, on Friday set a growth target at 4.8 per cent of GDP for the financial 2021-22 and a fiscal deficit target of 6.3 per cent.
 
Finance Minister Shaukat Tarin (pictured) set out the annual budget before parliament, with a total spending outlay of 8.4 trillion rupees ($53.93 billion).
 
Pakistan surpassed growth projections in the current financial year despite suffering a third wave of Coivd-19 infections. GDP growth was clocked provisionally at 3.96 per cent, compared to a target of 2.1 per cent, for FY2020-21.
 
“We