Business

Govt fails to achieve GDP growth rate target in FY 2014-15

ISLAMABAD: The government will release the Economic Survey for the current fiscal year 2014-15 today, ARY News reported.

According to details, the economic growth rate stood at 4.24% against a target of 5.01%.

In manufacturing sector, the growth rate was recorded at 3.7%. While industries growth was up by 3.6% against a target of 6.8%.

Suimilarly in agriculture sector, the growth rate remained at 2.8%, while its target was pitched at 3.3%.

The growth in finance and insurance sector reached 6.18%.

The volume of tax collection from July to April stood at Rs 1.95 trillion while foreign investment reached US $ 800.7 billion.

Inflation rate from July to April was recorded 4.8%, which is the lowest in last 11 years.

In the same corresponding period, remittances stood at US $ 14.96 billion during the current fiscal year.

The export deficit was recorded at US $ 17.19 billion.

Comments

comments

Copyright © 2016 ARYNEWS.tv

To Top