Next fiscal year growth rate target fixed at 5.2 percent

ISLAMABAD: The federal government has fixed the target of 5.2 percent for economic growth in the next fiscal year, while inflation at 8 percent and exports estimated at $27 billion.

Sources said the meeting held here with the Federal Minister for Planning and Development, Ahsan Iqbal in the chair approved the annual development plan for the next financial year, which envisages growth in agriculture at 3.3 percent, industrial production growth target at 6.8 percent besides the growth in services sector expected to remain at 5.2 percent.

Power production and gas distribution target have been fixed at 5.5 percent and the imports for the next fiscal year estimated at over $44 billion.

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