Business

NEC fixes 5.5% GDP growth rate for next fiscal year

ISLAMABAD: The National Economic Council (NEC) on Monday approved development outlay of 1.514 trillion rupees and fixed a GDP growth rate of 5.5% for the next financial year.    

The meeting was chaired by Prime Minister Nawaz Sharif in Islamabad.

The development outlay includes Rs 700 billion as federal PSDP and Rs 814 billion as provincial Annual Development Program (ADP).

Growth target for the next financial year for agriculture sector has been set at 3.9% and for manufacturing sector 6.1% percent.

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