The State Bank of Pakistan (SBP) said in its Annual Report on the Pakistan Economy that the economic rebound during the last fiscal year (FY21) was achieved without a worsening of macroeconomic imbalances.
The SBP Annual Report said that Pakistan’s economy in FY21, rose by 3.9%. The report highlights that a broad based recovery GDP was achieved through :
– favorable supply and demand dynamics
– large-scale manufacturing increase of 14.9% increase
– growth in agriculture with specific reference to wheat, rice and maize which rose to historic levels
– 10-year low current account balance
– lower fiscal deficit
– slightly lower CPI inflation
– efficient COVID management
– lower interest rate environment
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