SBP describes economic growth rate as reasonable

PAKISTAN - The State Bank of Pakistan (SBP) has declared the 3.6 per cent growth of the economy as "reasonable" during fiscal 2001-02 due to various factors.

The Annual Report for the last fiscal year issued by the central bank on Monday termed the severe water shortage during the period another factor for a significant decline in growth besides post-September 11 scenario. "Real gross domestic product (GDP) grew by a reasonable 3.6 per cent but increase was concentrated in fewer sub-sectors,"