GDP posts 1pc growth in Q2FY24: NAC

The country’s Gross Domestic Product (GDP) posted a modest growth of one percent during the 2nd quarter against the revised 2.50 percent in the 1st quarter of the current fiscal year 2023-24 and 2.20 percent in the 2nd quarter of the last fiscal year 2022-23.

The 108th meeting of the National Accounts Committee (NAC), to review the quarterly estimates of GDP for Q1 and Q2 for the years 2023-24, was held on Thursday which was chaired by the Ministry of Planning, Development and Special Initiatives (M/O PD&SI) secretary.

The 107th NAC meeting held in November 2023 approved the introduction of Quarterly National Accounts (QNA) in the statistical system of the country. The QNA provide the pulse of the economy at a shorter interval as compared to the Annual National Accounts (ANA).

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