Pakistan's Economic Survey 2024-25 and its comparison with last four years economic surveys

Описание: Pakistan Economic Survey 2024–25: Key Highlights & Comparative Analysis

In this comprehensive breakdown, we delve into the Pakistan Economic Survey for FY 2024–25, offering insights into the nation's economic performance and comparing it with the previous four years. This analysis is essential for competitive exam aspirants, students, and educators seeking a clear understanding of Pakistan's economic trajectory.

🔍 Key Highlights:

GDP Growth: Pakistan's economy grew by 2.7% in FY 2024–25, surpassing the 2.5% growth of the previous year. However, this fell short of the 3.6% target set earlier. The government aims for a 4.2% growth in the upcoming fiscal year.
reuters.com

Inflation: Inflation decreased significantly to 4.6% from over 29% in 2023, marking a notable improvement in price stability.
en.wikipedia.org

Debt Levels: Pakistan's total debt surged to PRs 76,000 billion, with external debt reaching $87.4 billion, highlighting ongoing fiscal challenges.
economictimes.indiatimes.com
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en.wikipedia.org
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timesofindia.indiatimes.com
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Tax Exemptions: The country granted over $21 billion in tax exemptions, exceeding the $17 billion required for external debt repayments, raising concerns about fiscal sustainability.
timesofindia.indiatimes.com

Sectoral Performance:

Agriculture: The sector grew by 0.56%, primarily driven by livestock, though its share in GDP declined slightly.

Industry: Faced challenges with a contraction in large-scale manufacturing.

Services: Showed resilience, contributing significantly to economic growth.
tribune.com.pk

📚 Comparative Overview (FY 2020–21 to FY 2024–25):

Fiscal Year GDP Growth (%) Inflation (%) Key Highlights
2020–21 3.94 8.9 V-shaped recovery post-COVID-19
2021–22 5.8 12.2 Strong industrial and services performance
2022–23 -0.2 29.2 Economic contraction amid global challenges