Foreign researchers predict 6% GDP growth for Pakistan in next decade

LAHORE: Researchers from Harvard University’s centre for international development has predicted an average of 6% growth in GDP of Pakistan over next 10 years.

In a press statement issued here on Sunday, PML-N leader and Member Punjab Assembly Irfan Daultana said that it was because of economic stability brought by the PML-N government in the country.

He said, “Sagacious economic policies of PML-N has won confidence of the world and various international institutions have acknowledged Pakistan as a fast growing economy”.

He said that Pakistan’s GDP growth was recorded at 5.3% during the fiscal year 2016-17.

He said that agriculture and services sectors got substantial growth.

“Increase in agriculture growth is because the government provided easy loans and other facilities to the farmers. Agriculture sector got 9.7% growth till April 2017”, he added.

He said that iron and steel products got 20.26 % growth, while automobile 11.41, pharmaceuticals 9.1%, electronics 15.11% etc.

He said the government had taken a number of initiatives to increase exports. This is very important initiative for controlling trade deficit, he added.