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Wednesday, June 12, 2024

Pakistan missed GDP growth target; donkey population increased by 1 lakh: Economic Survey 2023-24


Business Times : The population of donkeys in Pakistan has increased by around 100,000 to 5.9 million as compared to the previous year, according to the country's Economic Survey 2023-24.

Pakistan, with the world's third-largest donkey population, plans to earn millions by exporting donkeys to China.

Pakistan's Finance Minister Muhammad Aurangzeb on Tuesday presented the Economic Survey 2023-24, a pre-budget document detailing the country’s major socio-economic achievements during the outgoing fiscal year.  

According to the survey, the population of the "beasts of burden" has been increasing steadily during the past few years as there were 5.5 million of them in 2019-2020, 5.6 million in 2020-21, 5.7 million in 2021-22, and 5.8 million in 2022-23. 

Animal husbandry is a cornerstone of Pakistan's rural economy, with more than 8 million rural families deeply engaged in livestock production, GeoTV said. 

The Economic Survey also revealed that Pakistan missed the growth target for the financial year 2023-24 and achieved 2.38 per cent GDP growth against the target of 3.5 per cent. 

The growth remained below the estimated target of 3.5 per cent for the outgoing year and the government failed to achieve it, mainly due to underperformance of industries and services sectors. However, agriculture outperformed every other sector by posting 6.25 per cent growth against a target of 3.5 per cent.

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