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Pakistan misses growth target for fiscal 2014-15

Pakistan has missed its economic growth target for the current fiscal year but per capita income rose significantly, giving hopes for ambitious GDP growth in the coming year. Finance Minister Ishaq Dar on Thursday launched the country’s “Economic Survey” for the outgoing year 2014-15, that reviews all the aspects of the country’s economy for the fiscal year ending June 30. Pakistan had set its growth target at 5.1 percent on the assumption of higher agricultural production, improvement in energy supplies and better investment prospects.

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