Pak also feels-good, GDP to surpass target
Press Trust of India/Agence France-Presse
Karachi, March 30: Pakistan's economy continues to be plagued by unemployment and inflation despite a GDP growth rate that looks set to surpass this year's 5.3 per cent target, the central bank said on Tuesday.
“Due to an exceptional rise in the industrial sector and improvement in many other macroeconomic indicators" the economy appeared set to surpass the projection for the year to June, the state bank of Pakistan said in its half yearly review.
“It seems highly probable that real GDP growth during fiscal 2003-2004 will be comfortably above the 5.3 per cent target for the year.”
Pakistan's Gross Domestic Product (GDP) growth rate would come in higher than the 5.1 per cent reached last year despite unemployment and inflation looming large, the bank said
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