Pak is 3rd fastest growing economy in Asia: Eco surve

  • 05/06/2005

  • Asian Age (New Delhi)

Pakistan's economy displayed broad-based positive trends during 2004-05 with GDP growing at 8.4 per cent but inflation, trade deficit and current account balance continued to cast shadow on it, reveals Economic Survey 2004-05. With the highest growth rate in two decades, backed by agricultural, manufacturing and services sector growth of 7.5 per cent, 12.5 per cent and 7.9 per cent, respectively, Pakistan has emerged as the third fastest growing economy in Asia after China and Singapore. Pakistani Prime Minister Shaukat Aziz told journalists that economic policies introduced by the government a few years ago had started yielding results and their fruits had started reaching the people.