Economic growth surge in 2024 reflects Pakistan's resilience
Pakistan's Economy
Islamabad (Suno News): In its latest report, the IMF projects Pakistan's GDP growth at 3.2 percent for fiscal year 2025 and percent by FY 2026, underscoring the nation's progress through effective structural reforms.

The economic growth comes with a notable boost in the investment-to-GDP ratio, anticipated to rise from 13 percent in 2024 to 16 percent by 2029, marking increased investor confidence. This is further supported by a remarkable 55.5 percent surge in Foreign Direct Investment (FDI).

The first quarter of FY 2025 saw exports increase by 7.2 percent, reaching $30.64 billion, a rise attributed to growing demand and strategic trade agreements. Inflation has also fallen from 38 percent in September 2023 to 6.9 percent in September 2024, leading to a reduction in the policy rate from 22 percent to 15 percent.

The Pakistani economy also witnessed growth in remittances, a substantial increase in foreign exchange reserves, and a historic high in the Pakistan Stock Exchange (PSX), which crossed the 91,000 level. These indicators point to a promising trajectory, with a strengthening fiscal environment and an optimistic outlook on continued reforms.