The Economic Survey of Pakistan for fiscal year 2024–25, a critical pre-budget document assessing the country’s economic performance, is set to be unveiled today (Monday).
According to a press release from the Ministry of Finance issued on Sunday, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, will formally present the survey.
Released annually ahead of the federal budget, the Economic Survey provides comprehensive insights into Pakistan’s socio-economic indicators and the government’s economic management over the past year.
As per the Annual Plan Coordination Committee (APCC)—whose recommendations have been approved by the National Economic Council (NEC)—Pakistan’s GDP growth for FY 2024–25 stood at 2.7 percent, while the GDP growth target for the upcoming fiscal year has been set at 4.2 percent.
Notably, the NEC reported a 30.9 percent surge in remittances from July 2024 to April 2025. During the same period, the current account balance posted a surplus for the first time—marking a key milestone in external sector performance.
The survey will also showcase improved fiscal management, including a reduction in the fiscal deficit to 2.6 percent of GDP and a primary surplus of 3 percent, reflecting greater fiscal discipline.
Thanks to stabilizing economic fundamentals and strategic monetary interventions, the policy interest rate was lowered to 11 percent. Meanwhile, private sector credit experienced robust growth, with Rs. 681 billion in loans disbursed between July 2024 and May 2025.
The NEC attributed these positive trends to joint efforts between federal and provincial governments, highlighting that Pakistan is now transitioning toward sustained economic recovery.
The agriculture sector played a significant role in strengthening the economy and national reserves. A long-term plan is being developed to boost productivity in this sector sustainably.
Regarding development expenditure, the Annual National Development Programme (ANDP) for 2024–25 has a total allocation of Rs. 3,483 billion, with Rs. 1,100 billion earmarked for federal projects and Rs. 2,383 billion directed toward provincial development efforts.
