Government sets growth target at 4pc for fy20.

• Position: Prime Minister Imran Khan's economic growth plan for fiscal year 2020 - Brief article

The government has set the economic growth target for its second year in power at a modest 4percent and projected average inflation of 8.5percent, reflecting an unimpressive economic outlook due to the International Monetary Fund (IMF) loan programme.

The per capita income in dollar terms is also expected to remain lower in next fiscal year 2019-20 at around $1,500 due to further currency depreciation compared to the outgoing fiscal year.

The low economic growth target coupled with higher inflation will make it difficult for the government of Prime Minister Imran Khan to implement its plan of creating 10 million jobs and building five million housing units.

The government has also set an ambitious current account deficit target at 3percent of the total national output or $8.2 billion for the next fiscal year, starting July 1. The next fiscal year will coincide with the Pakistan Tehreek-e-Insaf's (PTI) second year in power.

"The economic growth target for the next fiscal year is 4percent and...