(Updates with Fitch rating)
ISLAMABAD, May 28 (Reuters) - Pakistan’s government has set a 4.8% GDP growth target for the financial year starting on July 1 as the country recovers from the worst of the coronavirus pandemic, Planning Minister Asad Umar said on Friday.
For the year ending next month, Pakistan has said it is on course to achieve 3.94% GDP - more than double the IMF’s view and roughly triple the World Bank’s projection.
“This growth is an indicator that the revival that has started is continuing its momentum,” Umar told a news conference in Islamabad.
The government has met with scepticism over its forecast for the current financial year, which it has raised from a previous 3% and an original target of 2.1% set in the last budget.
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