Amid financial crunch, Pakistan revises economic growth figures to 5.2%

Growth in the industrial sector was revised to 5.01% from a previously reported 5.8% in the provisional estimate

Pakistan has revised its economic growth figures for the last financial year to 5.2 per cent from a previously reported figure of 5.8 per cent, after a sharp cut in the figure for large-scale manufacturing, the statistics office said.

The revision of figures reported by the previous government underlines the economic headwinds facing Pakistan which is holding discussions over a possible bailout from the International Monetary Fund.

When the original estimate was reported in April by the government of Prime Minister Shahid Khaqan Abbasi, it was hailed as the strongest growth in 13 years.

The office, in a statement issued after a meeting