Islamabad: Finance Minister Ishaq Dar has said That the size of the country’s economy would surpass That of Canada, Italy, and South Korea by 2050.
He was addressing a ceremony after Launching the Economic Survey 2016-17. The minister Announced That Pakistan’s Gross Domestic Product (GDP) grew 5.28% in the Fiscal year 2016-17 (FY17), against a target of 5.7%, adding That the government had managed to Reduce the Fiscal deficit to 4.2%.
We will not need to go to the IMF after 2019. Our home-grown industries will be able to help us, “Dar told Journalists.
“This year’s growth rate is the Highest in 10 years,” he added. “A 3.4% Increase has been recorded in Electricity, gas supply in the existing Fiscal year.”
The finance minister will present the budget for the next Fiscal year in the National Assembly on Friday whereas a session of the Senate will Also be held at the Parliament House in Islamabad on the same day.