Deputy Chairman Planning Commission Mr. Sartaj Aziz on Tuesday has said that the international ratings agencies are optimistic about Pakistan’s economic performance and are predicting Pakistan to emerge as one of the fast growing economies in the world in the coming years.
While addressing in a conference on “Redefining prosperity paths in changing global economy: opportunities and challenges for Pakistan” organized by Pakistan Society of Development Economists, Mr. Sartaj Aziz said that the Real GDP growth was 5.3% in 2016-17 which is highest in last 9 years due to improvements in energy supply along with security situation, two key bottlenecks which were holding back the performance of the economy.
Pakistan’s economy has seen noticeable turnaround in last four years as a result of cumulative impact of macroeconomic and structural reform program.
As a result, deficit from 8% in 2012-13 to below 5% in 2016-17 and brought inflation to a single digit.
Mr. Aziz also said that Pakistan successfully executed USD 1 billion five years Su