Central bank clarifies ambiguities over GDP growth rate numbers.

KARACHI -- The State Bank of Pakistan (SBP) has released on Sunday a clarification on the media debate over GDP growth estimations being cited by the National Accounts Committee (NAC) noting underway strong economic recovery already highlighted in its quarterly reports, media reported.

In a set of tweets published by the central bank via its official handle say that the provisional estimate for the financial year 2021 growth of 3.94 per cent that NAC released, reflects the strong economic recovery underway already anticipated and posted in its reports.

'SBP had raised its own growth forecast in March on the basis of buoyant economic activity reflected in different high-frequency data.'

'This was done in an appropriately conservative manner while noting upside risks to growth.'

The central bank...