Statistics related to the economic growth of Pakistan were released by various international and national financial institutions like the World Bank, International Monetary Fund (IMF), Moody International, State Bank of Pakistan (SBP), and Ministry of Finance.
Estimates made by the national and international financial institutions ranged from 1%-2% GDP growth rate. However, going against these forecasts, the economy performed surprisingly well in the outgoing fiscal year, with a GDP growth rate of 4%.
The 4% growth rate was higher than the SBP’s estimate of 3% and the IMF’s projection of 2% for this fiscal year. The World Bank, too, had predicted a GDP growth rate of no more than 1.5%.
This economic growth rate was unexpected as it negates the predictions made by the international and national institutions by a large margin.
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