Sign in Subscribe
  • E-Papers
    • Profit Magazine
    • Pakistan Today
  • Headlines
  • Featured
  • Opinion
    • Comment
    • Editorial
  • Tech
    • Artificial Intelligence
  • World
  • Satire
Sign in
Welcome!Log into your account
Forgot your password?
Create an account
Sign up
Welcome!Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
Search
Sign inSubscribe
Profit Profit by Pakistan Today
Profit Profit
  • E-Papers
    • Profit Magazine
    • Pakistan Today
  • Headlines
    • Headlines

      Govt orders auction of 62 seized solvent trucks after year-long deadlock

      Headlines

      OGRA raises RLNG prices by 2% for October 2025

      Headlines

      FBR extends income tax return filing deadline to October 31

      Headlines

      PSX closes marginally higher by 210 points amid IMF staff-level agreement

      Headlines

      Bestway Cement profit rises 35% to Rs. 5.50 billion, declares Rs….

  • Featured
    • Cover story

      No, Gul Ahmed is not shutting down exports

      Editor’s picks

      Lithium batteries and shaving cream: inside Treet Corp’s latest diversification

      Editor’s picks

      PTCL’s Telenor acquisition: Inside the $400 million merger that reshapes digital…

      News Analysis (Premium Content)

      KE’s power struggle comes to an end with Saudis on top…

      Editor’s picks

      As inflation slows, Security Papers’ revenues move at slower pace

  • Opinion
    • AllCommentEditorial
      Comment

      Can our economic policymakers find a way to wargame?

      Comment

      Pakistan’s high-stakes crypto experiment

      Comment

      Do Pakistani businesses know how to diversify their business portfolios?

      Comment

      Pakistan’s tax myth: It isn’t the people, its the government

  • Tech
    • AllArtificial Intelligence
      Artificial Intelligence

      Google to invest $15 billion in AI hub, data center in…

      Artificial Intelligence

      Apple sued over use of copyrighted books to train Apple Intelligence

      Headlines

      NADRA expands digital Identity Services with Pak ID App and new…

      Artificial Intelligence

      Experts project 7–12% GDP growth, 1 million jobs from Pakistan’s new…

  • World
  • Satire

Govt fails in attaining saving rate, investment to GDP ratio target

By
Monitoring Desk
-
11/04/2018
0
367
Facebook
Twitter
Linkedin
WhatsApp
Email

    ISLAMABAD: The incumbent government in its five-year tenure has failed to address the key structural issues of Pakistan’s economy i.e. saving rates and low investment and was unable to achieve its target for this financial year, revealed official data.

    The National Accounts Committee (NAC) determined by end of the financial year 2017-18, private investment is projected to have fallen to its lowest in five years and national savings to GDP ratio has also decreased to 10 years low, reported Express Tribune.

    The incumbent governments’ five-year plan had envisaged to raise the investment to GDP ratio to 22.8 percent by FY 2017-18, but it touched 16.4 percent against projections of 17.2 percent.

    But the downward slide continues, as saving fell previous years level, touching 11.4 percent of GDP compared to estimates of 14.6 percent.

    During last financial year, savings were recorded at 12 percent of GDP. And the PML-N’s five-year plan had envisaged to raise savings to 21.3 percent of GDP.

    Because of these factors, the country’s current account deficit is estimated to widen to 5 percent of GDP compared to 4.1 percent in last financial year.

    The revised current account deficit is roughly double of the official projections of 2.6 percent of GDP.

    And these figures will be released as part of the Economic Survey of Pakistan 2017-18 on the 26th of April, a day before the budget gets unveiled.

     

    • TAGS
    • Budget FY 2018-19
    • current account deficit
    • Investment to GDP ratio
    • Pakistan's economy
    • Saving to GDP
    Facebook
    Twitter
    Linkedin
    WhatsApp
    Email
      Monitoring Desk
      Our monitoring team diligently searches the vast expanse of the web to carefully handpick and distill top-tier business and economic news stories and articles, presenting them to you in a concise and informative manner.

      RELATED ARTICLESMORE FROM AUTHOR

      Headlines

      Current account deficit narrows by 91% in October, stands at $74m

      Top News Updates

      SBP projects 2-3 % GDP growth in 2023-24

      Headlines

      Current account remains in surplus for 9MFY21

      Whatsapp Newsletter
      Email Newsletter News Tips
      Profit by Pakistan Today
      Publishing Editor: Babar Nizami -- Editor Multimedia: Umar Aziz Khan -- Senior Editor: Abdullah Niazi -- Editorial Consultant: Ahtasam Ahmad -- Business Reporters: Taimoor Hassan | Shahab Omer l Zain Naeem | Shahnawaz Ali | Ghulam Abbass | Ahmad Ahmadani | Aziz Buneri -- Sub-Editor: Saddam Hussain -- Video Producer: Talha Farooqi -- Director Marketing : Mudassir Alam | Regional Heads of Marketing: Agha Anwer (Khi) | Kamal Rizvi (Lhe) | Malik Israr (Isb ) -- Manager Subscriptions: Irfan Farooq -- Pakistan’s #1 business magazine - your go-to source for business, economic and financial news.
      Contact us: [email protected]
      • Privacy policy
      Copyright © 2025. Pakistan Today. All Rights Reserved.