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Pakistan economic growth expected to hit 3.3%, well below target of 6.3%: Report

The survey indicates that livestock is the only sector whose growth went slightly above the official target while all other sectors performed below expectation.

June 09, 2019 / 12:57 IST
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File image: Pakistani Prime Minister Imran Khan
File image: Pakistani Prime Minister Imran Khan

Pakistan's economic growth in the financial year ending in June is expected to hit 3.3 percent, well below the target of 6.3 percent, as the government failed to meet targets in nearly all sectors, according to the Economic Survey.

The details of the Economic Survey of 2018-19, scheduled to be officially released a day before the next year's budget on June 11, were published by Dawn on June 9.

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The survey indicates that livestock is the only sector whose growth went slightly above the official target while all other sectors performed below expectation, the report said.

A sharp decline was witnessed in the industrial sector that registered a growth of 1.4 percent against the target of 7.6 percent despite the fact that power generation witnessed an increase as several power plants and other power sector projects were completed.