Pakistan's GDP growth is estimated at 5.97%

The NAC announced that preliminary GDP growth is estimated at around 6% for the 2021-22 fiscal year.

The NAC has fully forecasted the country’s GDP for the current financial year at 5.97. This means that we exceeded our initial target of 4.8%. Broad-based growth was seen across all sectors of the economy, with agriculture and industry up 4.40% and 7.19% respectively. This is above the targets of 3.5% and 6.5%. The industrial sector as a whole shows a positive of 7.19%. 

Growth in the mining and quarrying sector slowed by 4.47% due to lower production of other minerals and lower exploration costs. Large-scale manufacturing is now largely driven by his QIM data, up 10.4%. Food, textiles, clothing, wood products, chemicals and steel products are the main drivers of this growth. twenty two

Other factors also made a positive contribution to exceeding the target, increasing GDP to around 6% this financial year.

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