![]() ![]() While discussing how realistic is this number, he said an objective assessment depended on access to information as to how this number was reached and what data was used. ![]() On the other hand, we have had third wave the pandemic forcing limited economic activity once again," he explained. I think not much has changed in manufacturing and other sectors since the IMF revised its estimates. While there were some discussions on slightly higher growth rate than the IMF forecast, mainly because of good agriculture production with some bumper crops, the expectations were anywhere between 2 pc and 2.5pc at the maximum. ![]() "It is almost double than highest forecast of 2 pc of the IMF, revised from initial forecast of 1.5 pc. It further continues to report that Dawn, Dr Sajid Amin Javaid, research fellow and the chief of the Sustainable Development Policy Institute's Policy Solution Lab, said even if low base effect was taken into account, the GDP growth estimate of 3.94 pc had taken experts by surprise. "Our V-shaped recovery is balanced between 3 major sectors: agriculture, industry & services," read PM Khan's tweet, reported Dawn. Prime Minister Imran Khan in a tweet on May 21 termed 3.94 pc GDP growth as estimated by the NAC a success of his government's economic policies while it had managed to control COVID-19 pandemic. "The State Bank of Pakistan's estimate ranged between 2.8 pc and 3 pc while the estimates of the IMF and the World Bank stood at about 2 pc and 1.5 pc, respectively," he said. ![]()
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