US EditionPakistan's Economic Prospects Amid Budget Unveiling
- On June 9, 2025, Federal Finance Minister Muhammad Aurangzeb released the Pakistan Economic Survey 2024-25 at the Ministry of Finance in Islamabad, outlining the country’s recent economic performance.
- The survey indicated that GDP expanded by 2.7% while inflation stood at 4.6% in the past fiscal year, with the policy rate reduced from 22% down to 11%, and highlighted a positive current account balance amounting to $1.9 billion.
- Exports grew by 7%, imports increased by 11.7%, remittances reached $31.2 billion, revenue collection rose 26%, but agriculture faced setbacks including a 30% decline in cotton yield.
- Total revenues increased by 36.7% to Rs13,367 billion, the fiscal deficit decreased to 2.6% of GDP, and the primary balance showed a surplus of Rs3,468.7 billion, which corresponds to 3.0% of GDP.
- The survey outlines continuing reforms supported by a $7 billion IMF program aimed at achieving macroeconomic stability, with medium-term GDP growth forecasted at 5.7%, despite difficulties in boosting investment and controlling military expenditures.
28 Articles
28 Articles
Story of missed targets
The FY25 economic survey is a document of missed targets, and the GDP has fallen back inevitably. The economy is to post a growth of 5.5% in the April-June period in order to meet the benchmark of 2.7%, as the projections are still lower than the 3.6% target. This makes it the third successive year for the government to miss its targets. The pre-budget annexure confirms that the economy has been in doldrums and the dispensation has, somehow, man…
Pakistan's Economic Prospects Amid Budget Unveiling
The economic survey highlights Pakistan's expected GDP growth of 2.7% for FY25, down from an initial target of 3.6%. With an optimistic outlook for the next fiscal year, the government aims for 4.2% growth amid challenges such as defense expenditures and macroeconomic stabilization under an IMF program.
Pakistan Economy to Grow 2.7% in FY25, Economic Survey Shows
Pakistan economic survey reveals growth rate of 2.7% in FY25 as public debt soars to record high
Islamabad had lowered the target to 2.7% last month after an initial goal of 3.6% GDP growth. Meanwhile the International Monetary Fund expects real GDP to grow by 2.6% in FY25 while the economy grows 3.6% in FY26.
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