Pakistan targets 5.7 pct GDP growth under 3-year economic plan

Alsharq Tribune-Otaify 

The Pakistani government has set a target to raise the country's gross domestic product (GDP) growth rate to 5.7 percent over the next three years under a new macroeconomic framework, the Ministry of Finance said here on Sunday.

Under the three-year Macroeconomic and Fiscal Framework, the government aims to accelerate economic growth while expanding exports and remittances. The plan also envisions increasing the overall size of the national economy to 162,513 billion rupees (about 585 billion U.S. dollars).

The framework also projects significant improvements in exports, remittances, and tax revenue.

Pakistan's exports are expected to increase from 44.83 billion dollars to 55 billion dollars during the period, including 42.69 billion dollars in goods and 12.24 billion dollars in services, such as information technology.

Remittances from overseas Pakistanis are forecast to rise to a record 44.82 billion dollars, providing a key source of external financing and supporting the country's economic stability.

Officials said the plan reflects the government's efforts to achieve sustainable growth through improved trade performance, enhanced productivity, and stronger fiscal management.