No Result
View All Result
Tuesday, June 10, 2025
MM News
اردو
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • Showbiz
    Ana de Armas in a scene from "Ballerina." (Lionsgate via AP)

    How to watch Ana de Armas’ ‘Ballerina’ online

    SI Film

    Love Guru Review: Hit or flop?

    (Credit: Europa Press)

    ‘I Am Georgina’ won’t return as Netflix ends show about Ronaldo’s girlfriend

    Ali Zafar drops first Shina song ‘Karay Karay’ on Eidul Adha

    Ali Zafar releases first Shina language song ‘Kare Kare’

    Hania Aamir, known for her lively spirit, surprised fans with a photo carousel from Makkah, Saudi Arabia while Sana Javed, dressed in a peach ensemble, celebrated Eid with her cricketer husband Shoaib Malik

    Pakistani celebs celebrate Eidul Adha 2025 in style

    Directed by Tarun Mansukhani and produced by Sajid Nadiadwala, Housefull 5 features a power-packed lineup including Akshay Kumar and Abhishek Bachchan

    When will Akshay Kumar’s ‘Housefull 5’ get OTT release?

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Thought Box
  • Showbiz
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Uncategorized

Pakistan’s GDP growth revised to 5.37% in FY21

MM News Staff by MM News Staff
January 21, 2022
The size of the economy reached to US$ 346.76 billion. Source: HBS Online.

ISLAMABAD: The National Accounts Committee (NAC) on Thursday approved the revised figures of Pakistan’s Gross Domestic Product (GDP) growth rate of 5.37% against the provisional numbers of 3.9% for the fiscal year 2020-21 (FY21).

According to the final numbers approved by the committee, the per capita increased to Rs 266,614 or US$1,666 in 2020-21 while the size of the economy reached to US$ 346.76 billion. The committee also accorded approval to the change of base of National Accounts from 2005-06 to 2015-16. The 104th meeting of the NAC was held here under the Chairmanship of Secretary Ministry of Planning, Development & Special Initiatives Abdul Aziz Uqaili.

Due to improved coverage and better estimation of input-output structure of industries, the gross value addition has increased by Rs. 3.1 trillion in the base year 2015-16 from Rs. 27.4 to Rs. 30.5 trillion, showing an increase of 11.3% in the Gross Value Added (GVA) for the base year 2015-16.

This shows that in the previous base of 2005-06, the economy was underestimated by 11.3%. Agriculture showed an increase of 8.3% from Rs. 6.7 to 7.3 trillion, industry grew by 11.9% from Rs. 5.3 to 5.9 trillion and services enhanced by 12.5% from Rs. 15.3 to 17.3 trillion.

With rebasing and level shift of economy from Rs. 29.1 trillion to Rs. 32.7 trillion in 2015-16, the GDP at market prices increased to 55.5 trillion in 2021, and Gross National Income increased to Rs. 59.3 trillion. The per capita income increased to Rs 266,614 or US$ 1,666 in 2020-21. The size of the economy reached to US$ 346.76 billion.

According to a statement, the Planning Ministry and Pakistan Bureau of Statistics (PBS) have decided to devise a mechanism to rebase National Accounts as well as price statistics after every five years in line with the best practice adopted by most of the countries of the world to capture more areas and activities which have taken place in the last couple of years.

The statement said the PBS has to comply with the international standards while compiling national indicators of economy. The methodology adopted in the rebasing is in line with the 2008 System of National Accounts (SNA). During 2014-15 to 2016-17, the PBS has conducted about 45 census, surveys, and studies to properly capture the economic activities in the country.

The results of these census, surveys, and studies have already been reviewed by internal and World Bank experts. Efforts have been made to include new economic activities. Dedicated surveys and studies have been conducted to capture the share of economic activities in the economy. Input-output ratios of various industries have been updated, which has resulted in a better reflection of their contribution to the economy.

ShareTweetSendShare
Previous Post

Nadia Khan questions why did Sharmila take it wrong: ‘I just praised her mother’

Next Post

UN adopts resolution defining Holocaust denial

Related Stories

File Photo
Uncategorized

Power Division refutes reports of ban on installing two electricity meters

June 8, 2025
(File Photo)
Uncategorized

Six of a family killed in Mardan’s gas explosion

June 7, 2025
File photo
Uncategorized

Karachi hit by two earthquakes once again

June 5, 2025
File photo
Uncategorized

Malir jail: 126 escaped prisoners re-arrested

June 5, 2025
Uncategorized

Mild earthquake hits Karachi’s Malir district

June 5, 2025
Uncategorized

CM Ali Amin Gandapur announces eid financial aid for jailed PTI workers

June 4, 2025
File photo
Uncategorized

Lahore launches body cameras for traffic wardens

June 4, 2025
Screen grab
Uncategorized

VIDEO: Bilawal Bhutto Zardari shares his weight loss journey

June 4, 2025
File photo
Uncategorized

Shehbaz govt to continue PTI-era Green Pakistan Project in Budget 2025-26

June 4, 2025
File photo
Uncategorized

Imran Khan says will lead protest movement from jail

June 4, 2025
Next Post
The 193-member General Assembly adopted the resolution without a vote. Source: Business Standard

UN adopts resolution defining Holocaust denial

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Trending Stories

Business & Stock

Pakistan’s IT exports up by 23.7% to $2.8 billion in FY25

by MM News Staff
June 9, 2025
Finance Minister Muhammad Aurangzeb on Monday presenting the Pakistan Economic Survey 2024-25 in Islamabad (Image: Dawn News)
Business & Stock

Pakistan Economic Survey 2024–25: From inflation to growth – key takeaways

by MM News Staff
June 9, 2025
Pakistan Finance Minister Muhammad Aurangzeb shows a copy of the economic survey of fiscal year 2024-2025 during a news conference in Islamabad, Pakistan June 9, 2025. — Reuters
Business & Stock

Pakistan misses growth target as Economic Survey 2024-25 unveiled

by MM News Staff
June 9, 2025
(Representational Image)
Top News

Rs22.21 billion allocated for Pakistani students to study abroad

by MM News Staff
June 9, 2025
Renna O’Rourke went into cardiac arrest after inhaling fumes from a compressed air product typically used to clean keyboards—an act also referred to as "huffing." (Image: Facebook)
Trending

What is the viral ‘dusting challenge’ that led to Arizona teen’s tragic death?

by MM News Staff
June 9, 2025

Opinion

munir ahmed oped
The Betrayals Within: From Homes to Halls of Power
June 5, 2025
- Munir Ahmed
munir ahmed oped
AIF 2025 – A Rallying Cry for Unity in a Fractured World
May 31, 2025
- Munir Ahmed
munir-ahmed-oped-2-1140x1140
Eurasian Economic Union at 10: Looking Beyond the Decade
May 29, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

File photo
Bakra Eid 2025

Eidul Adha holidays: PDMA issues heatwave alert

by MM News Staff
June 5, 2025

Punjab Provincial Disaster Management Authority (PDMA) has issued an alert regarding temperature rise and...

representative image

Severe heatwave warning issued nationwide for Eid holidays

June 5, 2025
President Asif Ali Zardari

World Environment Day: Climate disasters displace millions in Pakistan: President

June 5, 2025
Image: ET

Weather updates for Karachi and other parts of country

June 5, 2025
See all

Prices

Solar panels installed at a Peshawar park to meet lighting needs. (Image: Dawn.com)
Business & Stock

Govt likely to impose 18% sales tax on solar panels in budget 2025-26

by MM News Staff
June 6, 2025

Pakistan is poised to introduce major changes to its taxation framework in the upcoming...

Karachi consumers get Rs2.99/unit relief, power rates hiked elsewhere

June 5, 2025
(File)

Gold price increases Rs4,300 per tola

June 5, 2025
(Representational Image)

Will govt scrap solar net metering in budget 2025-26?

June 5, 2025
See all

Transport News

File
Transport

Karachi Green Line BRT to receive Rs42.7 billion in PSDP 2025-26

by MM News Staff
June 9, 2025

The federal government has set aside a total of Rs. 42.7 billion under the...

Lack of adequate public transportation facilities in Karachi has made rickshaws a popular transport.

Sindh govt bans four-seat rickshaws in Karachi

June 6, 2025

Air Karachi granted regular public transport license

June 5, 2025
(Representational Image, Credit: ProPakistani)

How to apply for Punjab electric taxi scheme

June 4, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.