Pakistan GDP grows 2.09pc in Q3

ISLAMABAD, May 21 (Reuters): Pakistan's economy grew 2.09 per cent in the third quarter of the financial year 2023-2024, supported by higher growth in agriculture, the Pakistan Bureau of Statistics said in a press release on Tuesday.
The estimated provisional growth rate of gross domestic product (GDP) for the financial year ending June 2024 is 2.38 per cent, the bureau said in a statement. That compares with a revised 0.21 per cent economic contraction in the 2023 year when political unrest, a combination of tax and gas tariff hikes, controlled imports, and a steep fall in the rupee currency rapidly pushed up inflation.
Last week in its half yearly report, Pakistan's central bank projected real GDP growth of 2-3 per cent for the fiscal year 2024.