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Govt misses all key economic targets

 

ISLAMABAD: Pakistan’s economic growth in the financial year ending in June is expected to hit 3.3 per cent, well below the target of 6.3pc set by the previous government, as the government has failed to meet targets in nearly all sectors, according to the Economic Survey.
The Economic Survey of 2018-19 is scheduled to be officially released a day before the next year’s budget on June 11, but some of its details were learnt by Dawn on Saturday.
It indicates that livestock is the only sector whose growth went slightly above the official target while all other sectors performed below expectation.
A sharp decline was witnessed in the industrial sector that registered a growth of 1.4pc against the target of 7.6pc despite the fact that power generation witnessed an increase as several power plants and other power sector projects were completed.
Also, the manufacturing sector slid by 0.3pc and the large scale manufacturing (LSM) showed a negative growth of 2pc against the target 8.1pc.

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