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

      NEC approves Rs. 4.2 trillion development plan for FY2025–26, sets ambitious…

      Headlines

      Pakistan overtakes G20 nations in solar imports from China, marking major…

      Headlines

      Govt proposes Rs24 billion Suparco budget to advance space missions

      Headlines

      PTC(Pakistan Tobacco Company) calls for strict enforcement as illicit cigarette trade…

      Headlines

      Farmers suffer Rs 2.2 trillion loss in wheat alone as agriculture…

  • Featured
    • Agriculture

      Cotton is no longer Pakistan’s White Gold. It is a ghost…

      Editor’s picks

      Fitch Endorses What the Government Has Been Claiming

      Editor’s picks

      Brandon Timinisky’s new venture Zar raises $7M to bring stablecoins to…

      Cover story

      Salaried Pakistan

      Editor’s picks

      Engro makes bold bet on mobile towers as Jazz bows out

  • Opinion
    • AllCommentEditorial
      Comment

      Reminder: Maryam Nawaz’s crusade to turn Punjab into a dictatorship continues

      Comment

      The Chashma-Jhelum Link Canal Question

      Comment

      Govts are initiating AI projects. Can Sovereign AI be a national…

      Editorial

      The miracle called the HBL PSL

  • Tech
    • AllArtificial Intelligence
      Tech

      Microsoft launches free cybersecurity program for European governments

      Tech

      Starlink faces resistance in India over low satellite spectrum pricing

      Tech

      SpaceX revenue to hit $15.5 billion in 2025, Musk says

      Headlines

      Jazz expands partnership with Qvantel, launches new digital support hubs in…

  • World
  • Satire

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

By
Monitoring Desk
-
April 11, 2018
0
362
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 | Nisma Riaz | Mariam Umar | Hamza Aurangzeb | 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: profit@pakistantoday.com.pk
      • Privacy policy
      Copyright © 2025. Pakistan Today. All Rights Reserved.