ISLAMABAD: Pakistan has planned to set real GDP growth target at 4.2 percent, which seems a great challence in the backdrop of the prevalent situation.
Economic experts single out war on terror, which is being fought for the entire world, a great hindrance in the economic development, but Pakistan alone is paying its heavy price.
The government had set 4.2 percent growth rate for the current fiscal year, but the target could not be achieved due to the poor security situation, last yearís flood, energy crisis and lack of foreign investment.
The government under these circumstances has set the economic growth rate at 4.2 percent for upcoming fiscal year, which would be a challenge for the government.
The government has envisaged contribution of agriculture, manufacturing and services sectors at 3.8 percent, 3.1 percent and 5 percent, respectively, while the increase in investment at 13.5 percent in 2011-12.
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Pakistan to set GDP growth at 4.2pc - GEO.tv