ISLAMABAD:Federal government has set the gross domestic product (GDP) growth rate target at 2.3 per cent for the next fiscal year.
According to details, the next year growth target for agriculture sector is being set at 2.9 per cent with major crops contributing 2.2 per cent of it. ‘The growth rate for cotton is being set at 1.3 per cent,’ showed the budget document as it predicted 3.5 per cent growth rate for livestock sector in the next fiscal year.
The federal government predicted 1.5 per cent growth rate for forest sector, 2.1 per cent for fishing, 0.1 per cent for industries and 0.5 per cent for minerals sector.
The budgetary document for the next fiscal year has forecast a negative 0.7 growth rate for manufacturing sector.
The growth rate predicted for the energy and construction sector stand at 1.4 per cent and 3.5 per cent respectively as services sector is estimated to grow at the rate of 2.8 per cent during the next fiscal year.
With input from INP
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