Pakistan says terror war impedes economy (2)

14:21, June 05, 2010      

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He also pointed out that there are many areas of economy where fragility is visible and with this in view the next year is going to be very critical. He said the priority of the government would be how to protect and broad-base the economic recovery.

Economic Survey, a pre-budget document, was released indicating that the outgoing financial year witnessed a modest growth rate of 4.1 percent in the face of multifarious challenges.

Sheikh said the increased growth rate is indicative of the fact that the economy was on its way to recovery and it would be endeavor of the government to consolidate the gains and accelerate the pace of recovery during next year.

He said the key drivers of growth were economic stability, cash transfers to rural economy amounting to 219 billion rupees (one U. S. dollar about equals 85 rupees) and increase in remittances which rose to 7.4 billion dollars in the first ten months of the year.


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(Editor:燕勐)

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