Pakistan is in a state of disrepair, inflation is touching the sky, ahead of India’s GDP running at the speed of a bullet, the growth rate of the neighboring country has surprised you.

Pakistan’s Finance Minister Ishaq Dar presented important figures about his country’s economy and these figures are going to underline the challenge before the government of Prime Minister Shehbaz Sharif. According to the Pakistan Economic Survey 2022/23, the real GDP of the country has increased by only 0.29%. The agriculture sector grew by 1.55% while industries declined by 2.94%. The service sector, which contributes nearly 60% to Pakistan’s GDP, has grown only by 0.86%. The survey gave an account of the government’s achievements in the fiscal year ending June 30 amid political instability and unprecedented floods.

However, as he presented the numbers, Dar spoke less about the dismal performance of various sectors of the Pakistani economy and more on global environmental and economic fundamentals. Dar talked about a political project (which) was conceptualized in 2010, blossomed in 2018 and reached its culmination in 2022. He also said that the Pak economy – which was considered primary for G-20 membership in a few years. He said that Imran Khan’s Pakistan had lost its position due to Tehree-e-Insaf. We now have to resume development from where it was left in 2017. With an inclusive and flexible growth trajectory that is sustainable, builds investor confidence and eliminates market panic.

However, the economic survey has also revealed a positive fact in the form of higher growth in tax collection. The Federal Board of Revenue collected tax of Rs 5637.9 billion from July 2022 to April 2023, which is 16.1 percent higher than Rs 4855.8 billion in the previous fiscal year. Please tell that India’s GDP (GDP) is increasing rapidly these days. According to the recent GDP data, India’s GDP growth rate in the financial year 2022-23 has been 7.2 percent.