ISLAMABAD: According to a story published in The News on Monday, Prime Minister Shehbaz Sharif will preside over a National Economic Council (NEC) meeting at the PM House today to finalize the development plan for the upcoming fiscal year.
In addition, the four provincial chief ministers and representatives from the federation and provinces will discuss the development program for the current fiscal year during the meeting.
At the meeting, the NEC is scheduled to approve the economic targets for the forthcoming fiscal year 2024–2025. Additionally, the 13th five-year plan, 2024–2029, will be considered for approval.
A 12% average inflation objective is suggested for the upcoming fiscal year. For the current fiscal year, the average inflation objective was 21%.
For the upcoming fiscal year, a 2% growth objective for the agriculture sector is suggested. 3.5% was the agricultural target for the current fiscal year.
It is projected that the industrial sector would rise by 4.4% in the upcoming fiscal year. For the current fiscal year, the industrial sector aimed to achieve a 3.4% share. It is suggested that the services sector growth objective for the upcoming fiscal year be set at 4.1%. 3.6% was the sector’s goal for the current fiscal year. A 14.2% GDP investment target is suggested. 13.3% would be the national savings target in the next financial year.
