Pakistan cuts GDP forecast to below four percent

Pakistan's central bank on Feb 26, 2001 slashed its economic growth target for the second time in four months, because of slower growth in agriculture, high oil prices and the falling rupee.

The State Bank of Pakistan said in its quarterly report on the economy that gross domestic product growth for the fiscal year that ends in June 2001 would fall to slightly below four percent against its previous target of 4.5 percent.

In November 2000 the central bank had cut the GDP growth target to 4.5 pe

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