The sanction was given at the National Accounts Committee’s (NAC) 109th meeting, which took place in Islamabad today.

In FY2023–24, Pakistan’s GDP growth rate was 2.38 percent, falling short of the 3.5% target.

In the third quarter of Fiscal Year 2023–2024, the GDP grew steadily by 2.09%. Agriculture, industry, and services are growing at rates of 3.94%, 3.84%, and 0.83%, respectively.

Every component of agriculture has made a good contribution during Q3, including cattle (4.20%), other crops (1.14%), key crops (2.89%, mostly wheat), and cotton ginning (61.75%). Notwithstanding the construction industry’s negative growth (-15.75%), large-scale manufacturing (1.47%), mining and quarrying (0.63), and the delivery of gas, electricity, and water (37.3%) are responsible for the industry’s 3.84% increase.

In the fiscal year 2023–2024, the industrial sector’s growth rate stayed at 1.21%. The production of crude oil (1.51%), coal (36.72%), and other minerals (7.57%), such as marble (23.22%) and limestone (7.95%), has increased, leading to a 4.85% expansion in the mining and quarrying business.

Based on the Quantum Index of Manufacturing (QIM), large-scale manufacturing has seen a nominal growth of 0.07% with a mixed trend in the production of different groups, such as food (+1.69%), beverages (-3.43%), textiles (-8.27%), tobacco (-33.59%), non-metallic mineral products (-3.89%), wood (+12.09%), Coke & Petroleum (+4.85%), and pharmaceuticals (+23.19%).

The per tola gold price was recorded at Rs248,500 by the Sindh Sarafa Jewellers Association, following a fall of Rs1,900 in a single day.

Similarly, the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) released rates for 10-gram gold, which showed a loss of Rs1,630 before selling for Rs213,048.

At Rs2,850 per tola and Rs2,443.41, respectively, the price of 10-gram and per-tola silver did not change.
According to the association, the price of gold dropped by $21 on the global market, from $2,439 to $2,419.

During a conference in Islamabad, Mohsin Naqvi stated that two underpasses would be constructed: one on the Srinagar Highway and one at Serena Chowk.

The preliminary plans for the Islamabad underpass project were presented by NESPAK officials during a meeting.

It was reported to the meeting that the underpasses’ basic designs had been completed.

The interior minister gave the chairman of CDA the responsibility of supervising the construction and gave them instructions to build these underpasses according to full height regulations.

Chief Commissioner Islamabad, NESPAK representatives, and Chairman CDA attended the meeting.