ISLAMABAD (Mudasir Ali Rana) – A proposal has been presented to set the economic growth target at 4.2% for the upcoming fiscal year.
According to the budget documents, the economic targets for the next fiscal year will be finalised in today's APCC (Annual Plan Coordination Committee) meeting. A 7.5% inflation rate has been proposed, and the agriculture sector growth target is suggested at 4.5%.
The proposal includes the following targets:
• Major crops: 6.7% growth • Cotton: 7% growth • Livestock: 4.2% growth • Forestry: 3.5% growth • Fisheries: around 3% growth
For the industrial sector, the proposed growth targets include:
• Overall industry: 4.3% • Mining: around 3% • Manufacturing: 4.7% • Large-scale manufacturing: 3.5% • Small-scale industry: 8.9% • Construction sector: 3.8% • Electricity, gas, and water supply: 3.5%
For the services sector, the targets are:
• Overall services: 4% • Wholesale and retail trade: 3.9% • Transport and communication: 3.4% • Hotels and restaurants: 4.1% • Information sector: 5% • Insurance and finance: 5% • Real estate: 4.2% • Government services: 3%
In the social sector, the proposed targets include:
• Education: 4.5% • Health and social services: 4%
Additional targets include:
• Investment growth: 14.7% • Private investment: 9.8% • National savings: 14.3% • Inflation control: aim to limit it to 7.5%
These proposed figures reflect the government’s economic roadmap for the next fiscal year.