For long-term debt securities, the annual
growth rate increased from 2.8% in May 2019 to 3.1% in June.
The NAC also revised the economic
growth rate upward for the last year of the PML-N government from 5.2percent to 5.53percent.
According to IHS Markit, the global economic
growth rate for this year will be 2.8 percent, with the U.S.
In February this year, the PTI government cut the GDP
growth rate from 5.8% to 5.2% for the fiscal year 2017-18 claiming that the PML-N government overstated the
growth rate.
However, operating surplus continued to record negative
growth rate, declining by 2.47% and 3.44% in Q1 and Q2 2018 respectively.
Nevertheless, the GDP
growth rate during PML-N's last year, 2017-18, reached 5.8 percent, the highest ever in 13 years.
The
growth rate in Per Capita Income is also estimated at 6.1per cent during 2018-19, as against 5.4per cent in the previous year.
For the last 27 years the natural
growth rate per 1,000 people in the country has fallen to 8.9 (2017) from 19.8 in 1990.
China, one of Asia's economic giants with a
growth rate of 6.6 percent, has fallen behind in 2018 in comparison to 6.9 percent growth of 2017.
In July 2018, the annual
growth rate of credit to the private sector stood at -1.5% from -1.2% in the previous month.
It reported 2017 revenue of $7.6 million and a 312 percent three-year
growth rate. This was the third time the company has been named to the Inc.