SBP releases quarterly report on economy
KARACHI: The State Bank of Pakistan (SBP) in its quarterly report on economy released said that the growth in real gross domestic product GDP remained at its upward trajectory, and increased to a decade-high of five point three percent in current financial year on Friday. The report said that economic indicators like private sector credit […]
KARACHI: The State Bank of Pakistan (SBP) in its quarterly report on economy released said that the growth in real gross domestic product GDP remained at its upward trajectory, and increased to a decade-high of five point three percent in current financial year on Friday.
The report said that economic indicators like private sector credit and investment also posted encouraging picture, whereas inflation remained below the target.
The report also highlighted revival in agriculture sector during current financial year, which was supported by favourable policy measures, including subsidy on fertiliser, reduction in sales tax on tractors, and increased access to finance.
The report further said that public sector development programme and China Pakistan Economic Corridor (CPEC) activities also continued to boost construction related industries.
