The National Accounts Committee has greenlit revised economic indicators for the first quarter of the ongoing financial year, signaling a positive trajectory in Pakistan's economic landscape.
The National Accounts Committee, chaired by the Planning Secretary, recently approved revised economic indicators reflecting this positive development.
According to initial estimates, the Gross Domestic Product (GDP) growth rate for the July-September quarter (Q1) was anticipated to be 2.13%. However, the revised figures reveal a significantly higher growth rate of approximately 4.68% (2.5% increase). This positive surprise indicates a stronger-than-expected performance in the first quarter.
The agricultural sector also outperformed expectations. Initially estimated at 5.6%, the revised figures show an agricultural development rate of a robust 8.58% in Q1. This significant increase suggests a productive agricultural season, potentially contributing to a more stable food supply and economic activity.
While the revised figures for the second quarter (October-December) show a more modest growth rate of 1%, it's important to note that this data is still preliminary and subject to further revisions. The agricultural development rate for Q2 is estimated at 5.2%.
