The Economic Survey, released by the Ministry of Finance, records Pakistan’s Gross Domestic Product (GDP) growth at 2.7% for FY 2024-25, against a target of 4.2% set for the next fiscal year. Remittances surged by 30.9% between July 2024 and April 2025, and—the first in recent memory—Pakistan’s current account balance remained in surplus during this period.
Fiscal and Monetary Achievements
- Fiscal Deficit: Reduced to 2.6% of GDP, down from higher levels in preceding years.
- Primary Balance: Registered a 3% of GDP surplus, underscoring fiscal discipline.
- Policy Interest Rate: Gradually lowered to 11%, reflecting improved economic fundamentals and proactive monetary policy.
- Private Sector Credit: Loans worth Rs 681 billion disbursed between July 2024 and May 2025, supporting business expansion.
Sectoral Performance and Social Indicators
Agriculture: A cornerstone of recovery, with a comprehensive strategy under formulation to boost productivity in coming years.
Industry & Manufacturing: Steady growth driven by capacity enhancements and energy sector stabilization.
Services & IT: Continued expansion underpinned by digital transformation and telecom investments.
Health, Education & Social Protection: Strengthened programmes aimed at poverty reduction and human capital development.
The survey also delves into energy, transport, communications, capital markets, environmental sustainability, and infrastructure projects, painting a holistic picture of Pakistan’s socio-economic landscape.
Development Spending & ANDP Allocations
Under the Annual National Development Programme (ANDP) for 2024-25, a total outlay of Rs 3,483 billion was approved:
- Federal Development: Rs 1,100 billion
- Provincial Projects: Rs 2,383 billion.
This reflects a balanced approach to national priorities, from highways to health facilities.
Outlook & Policy Implications
The National Economic Council (NEC) underscores that recent “economic stabilisation” is the fruit of coordinated federal-provincial efforts. With remittance inflows strong and the current account in surplus, policymakers are optimistic about FY 2025-26 targets. A GDP growth target of 4.2% has been set, backed by fiscal prudence and strategic investments.
“A comprehensive strategy is currently being formulated to ensure a steady and sustainable increase in agricultural productivity in the coming years,” the NEC noted, pointing to agriculture’s pivotal role in economic expansion.
