Pakistan Economy Registers 7% Growth Rate for 4th Consecutive Year

Pakistan Economy Registers 7% Growth Rate for 4th Consecutive Year
ISLAMABAD: Pakistan economy has shown a robust growth as the country's Gross Domestic Product (GDP) has registered an average growth rate of 7 percent for the fourth consecutive year. Official sources highlighting the performance of economy during 2006-07 said that the per capita income in the year increased to US $ 926 or Rs. 56,121.
The investment grew by 21.4 percent or 23 percent of the GDP and Foreign Direct Investment (FDI) posted a growth of 71 percent from US $ 3.5 billion to US $ 6.0 billion in 2006-07. The sources added that Tax collection increased by 18 percent during July-April 2007 and exports increased by 18.3 percent and imports up by 8.9 percent. "Worker remittances increased by 22 percent" they remarked. They said that pro-poor expenditure is up by 6 percent of the GDP and unemployment reduced to 6.2 percent.