Posted 11/29/2023, 2:11:25 AM
Pakistan GDP Growth Slows Under PDM Rule, But Shows Signs of Recovery in Q1 FY2024
- Pakistan's GDP contracted by 0.17% in FY23 under the PDM government, after growing 0.29% in the previous estimate
- GDP growth in FY22 under PTI was revised upwards slightly to 6.17%
- Agriculture sector showed significant improvement in FY23 revised estimates
- Industrial and services sectors declined in FY23 revised estimates
- GDP grew 2.13% year-on-year in Q1 FY24, supported by growth in agriculture, industry and services