The economy grew at an average rate of 3.29 per cent (provisional) in fiscal year 2018-19 against an ambitious target of 6.2pc set in last year's budget, the Pakistan Economic Survey revealed on Monday.
Sector-wise growth rates:
Total revenue at Rs3,583.7bn (9.3pc of GDP) showed almost 0pc growth from July-March 2019, while growth in total expenditures was 8.7pc. The fiscal deficit was recorded at 5pc of the GDP compared to 4.3pc in the corresponding period last fiscal.
"Decelerated performance of total revenues primarily was due to marginal growth of 1.8pc in tax revenues and negative growth of 16.7pc in non-tax revenues," the PES explained.
The Federal Board of Revenue's tax receipts from July-April 2019 remained at Rs2,976bn against Rs2,922.5bn in the corresponding period last year, registered growth of 1.8pc.
"Actual tax collection during [the] first 10 months of the CFY remained at 67.7pc of revised target of Rs 4,398bn," the document said.
Provincial revenue collection rose by 1.5pc from July-March 2019.
Sector-wise growth rates:
- Agriculture: 0.85 per cent (against target of 3.8pc)
- Industry: 1.4pc (against target of 7.6pc)
- Services 4.7pc (against target of 6.5pc)
Total revenue at Rs3,583.7bn (9.3pc of GDP) showed almost 0pc growth from July-March 2019, while growth in total expenditures was 8.7pc. The fiscal deficit was recorded at 5pc of the GDP compared to 4.3pc in the corresponding period last fiscal.
"Decelerated performance of total revenues primarily was due to marginal growth of 1.8pc in tax revenues and negative growth of 16.7pc in non-tax revenues," the PES explained.
The Federal Board of Revenue's tax receipts from July-April 2019 remained at Rs2,976bn against Rs2,922.5bn in the corresponding period last year, registered growth of 1.8pc.
"Actual tax collection during [the] first 10 months of the CFY remained at 67.7pc of revised target of Rs 4,398bn," the document said.
Provincial revenue collection rose by 1.5pc from July-March 2019.

GDP growth rate falls to 3.29pc in FY19; agricultural, industrial growth registers sharp slowdown
Sector-wise growth falls short of projections, Pakistan Economic Survey 2018-19 report reveals.
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