SBP notices 4-5 percent growth in GDP in FY22

The State Bank of Pakistan (SBP) has stated that resolving deep-seated structural impediments is critical to maintaining and strengthening the current growth momentum.

“These impediments include a consistent decline in the yield of important crops (especially cotton); insufficient export coverage of imports, low and declining productivity of labor, stagnant tax-to-GDP ratio, anemic investment-to-GDP ratio, and the rising fiscal burden of the power sector,” stated the SBP in its annual report, which was issued on Wednesday.

 

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