4pc economic growth expected during FY 2011-12: Hafeez

[farhan_9909]

ISLAMABAD: Due to strict fiscal discipline maintained by the government, the broad economic parameters are showing progress as 4 percent growth in Gross Domestic Product (GDP) is expected as against the revised targets of 3.5 percent during the current financial year.

"The government has not borrowed any money from the International Monetary Fund (IMF) from May 2010 and retirement of debt will be started from February 24 (Friday)", Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeeaz Shaikh told journalists on Thursday.

4pc economic growth expected during FY 2011-12: Hafeez

---------- Post added at 03:38 PM ---------- Previous post was at 03:35 PM ----------

last year growth was 2.4%

this year expected growth 4%

next year proejcted growth should be 6%.

as economy grow many problem will be solved automatically

 

[God of Death]

If u calculate inflation, population growth its in negative.

 

[farhan_9909]

If u calculate inflation, population growth its in negative.

It already counts the inflation

---------- Post added at 03:46 PM ---------- Previous post was at 03:45 PM ----------

even IMF has predicted a 3.8% growth rate for pak 2011-12 FY

 

[majesticpankaj]

Isn't that Pakistan projected the growth rate at 4 % for 2011-12 and it comes around 2.4 % ?

 

[farhan_9909]

Isn't that Pakistan projected the growth rate at 4 % for 2011-12 and it comes around 2.4 % ?

Pak projected growth for 2009-10 was 3.1% bt we acheived 4.1%
Daily Times - Leading News Resource of Pakistan

target was set of 4.5%/5% for 2010-11 bt due to massive flood the growth was decreased to 2.4%(2010-11)

Growth rate set for 2011-12 was 3.4% and now we are talking about 4%

if 4% is acheived which is quite possible
than 6% next year target would be a easy target

 

[Baby Leone]

hmm hope we dont have floods this summer or i should say india will not do water terrorism....

 

[CaptainJackSparrow]

hmm hope we dont have floods this summer or i should say india will not do water terrorism....

I know thy type...

 

[CaptainJackSparrow]

Duplicate post

 

[majesticpankaj]

hmm hope we dont have floods this summer or i should say india will not do water terrorism....

another madarsa graduate ????

 

[deckingraj]

Pak projected growth for 2009-10 was 3.1% bt we acheived 4.1%
Daily Times - Leading News Resource of Pakistan

target was set of 4.5%/5% for 2010-11 bt due to massive flood the growth was decreased to 2.4%(2010-11)

Growth rate set for 2011-12 was 3.4% and now we are talking about 4%

if 4% is acheived which is quite possible
than 6% next year target would be a easy target

I hope what you are saying is correct....Though starting this fiscal IMF loan needs to be returned...This will put pressure on the liquidity in the market which can hurt investor sentiments....I am not sure if Pakistan has brought in much needed reforms especially in the power sector and tax collection...

 

[Bobby]

4pc economic growth expected during FY 2011-12: Hafeez

---------- Post added at 03:38 PM ---------- Previous post was at 03:35 PM ----------

last year growth was 2.4%

this year expected growth 4%

next year proejcted growth should be 6%.

as economy grow many problem will be solved automatically

Is it some fairy tale ...last year 2% ....this year 4% and next year 6%......but how...

 

[aks18]

another madarsa graduate ????

well he is rite

 

[alok mishra]

4pc growth rate is not a big target. pak achieved this even more in musharraf era. the big problem is to retain this growth.