Morning News: GDP worked out to be 2.38pc in FY24 – By Vector Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">With an increase in per capita income in dollar terms to $1,680, Pakistan&rsquo;s provisional growth rate turned positive and stood at 2.38 percent for the current fiscal year 2023- 24, largely driven by the agricultural sector. Although the government missed its annual GDP growth rate target of 3.5 percent, it achieved a growth rate higher than predicted by multilateral creditors, including the IMF and World Bank.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Major overseas investors, in their taxation proposals for the upcoming budget for fiscal year 2024-25, have asked the federal government to consider taxing the untapped sectors which have a high potential and a huge share in the country&r...