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The economy grew around 2.7% in fiscal year 2024–25, up from about 2.5% the year before—though it missed the initial government target of 3.6%. .
The IMF and World Bank echo the 2.7% figure, but expect modest improvements to around 3.1% in FY26. .
Inflation & Interest Rates
Inflation has dropped sharply—from highs in the high 30s to around 4–4.7% in FY25. .
The central bank slashed its policy rate from 22% to 11%, easing pressure on businesses and households. .
External Balances & Remittances
A current account surplus of $1.9 billion was recorded in July–April FY25—compared to a $200 million deficit last year. .
Remittances surged nearly 31%, reaching about $31.2 billion, helping stabilize the economy. .
Fiscal Health
The fiscal deficit is narrowing—around 2.6% of GDP in the first three quarters of FY25, down from higher levels previously. .
Sector Highlights
Industry was the best performer: up 4.8%, led by small-scale manufacturing. .
Agriculture struggled, with just 0.6% growth, hurt by weather and lower crop yields. .
Services grew by 2.9%, supported by ICT, finance, and government spending. .
Policy Direction & Challenges
Pakistan launched a 5-year economic strategy called “Uraan Pakistan”, aiming for export-led growth, digital transformation, and improved infrastructure. .
Rising tensions with India pushed defence spending up—Pakistan allocated nearly Rs 2.55 trillion ($9 billion), an 11–20% jump. .
