KARACHI, June 12: The State Bank of Pakistan in its third quarterly report, released on Wednesday, said the GDP growth in the current fiscal year would ‘comfortably’ cross the 3 per cent mark thanks to 3.2 per cent growth in large scale industry and a small revival in agricultural output.
Adopting a cautious approach in its assessment of the national economy, the report terms the 3.2 per cent growth in the large scale manufacturing during current fiscal as against 7.6 per cent in the last fiscal “reasonable under the circumstances.”
The report observes the situation of the economy is far from satisfactory.
The report calls for urgent attention to improving the infrastructure of agriculture sector.
