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Article: State Bank's third quarterly report for 2003-04.
- Article from:
- Economic Review
- Article date:
- July 1, 2004
CopyrightCOPYRIGHT 2004 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The underlaying message of State Bank's third quarterly report released on 29th June 2004 is quite clear. While overall performance of the economy is robust, there are significant areas of concern that still need to be addressed. Real GDP growth rate at 6.4 percent during 2003-04 is only higher than the 5.3 percent target set for the year and the 4.1 percent achieved during 2002-03 "but also pushes the economy into long-term growth trajectory of 6 percent growth per annum one year earlier than anticipated. This is particularly welcome as Pakistan's history suggests that a meaningful reduction in poverty has only been evident in periods when the economy sustained growth ...
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