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Pakistan Economy: Pakistan GDP Growth at a 9-year low of 3.3% - Topline Research

  • By: Topline Securities (Private) Limited

  • - Published: Monday, 10 June 2019
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<ul><li><span style="font-size:medium;font-family:Arial, Helvetica, sans-serif;">Pakistan&rsquo;s Ministry of Finance published the Annual Pakistan Economic Survey for FY19 today. As per the Economic Survey, Pakistan&rsquo;s GDP grew by 3.3% in fiscal year ending Jun 2019 (FY19), lowest in 9 years, compared to 5.5% in FY18 (revised) and last 6-year average GDP growth of 4.5%. </span></li><li><span style="font-size:medium;font-family:Arial, Helvetica, sans-serif;">Topline was amongst the first one to downgrade GDP growth. Please refer to our report title &lsquo;Pakistan Market Outlook 2019: Weak Macros to Limit Market Upside&rsquo; dated Dec 17, 2018 in which we mentioned GDP to grow at 3% for FY19. </span></li><li><span style="font-size:medium;font-family:Arial, Helvetica, sans-serif;">Overall economic growth slowed down amidst mo...

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