Investment to grow by 17.7% of GDP in FY17

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ISLAMABAD, June 3 (APP): The government has projected that investment will remain 17.7 per cent of the GDP (Gross Domestic Product) in the fiscal year 2016-17 to realize the targets of sustained, indigenous and inclusive economic growth.
According to a budgetary document released here on Friday, the fixed investment is expected to grow by 16.1 per cent of the GDP in 2016-17.
The national saving is targeted at 16.2 per cent of GDP.
The investment under the China-Pak Economic Corridor
(CPEC) is expected to improve the overall investment climate whereas improvement in the investment-friendly environment as a result of affordable energy, increased profitability, high capacity utilization rate, finance availability and reduced political and economic uncertainly will help attain the investment target for 2016-17, the document added.