On June 9, 2025, Finance Minister Muhammad Aurangzeb launched the Pakistan Economic Survey 2024–25, highlighting a 2.68% GDP growth amid fiscal gains and IT sector success. However, agriculture and manufacturing challenges persist, setting the stage for the 2025–26 federal budget announcement on June 10.
Agriculture, contributing 23.54% to GDP, grew by 0.56% in FY2025, down from 6.23% in FY2024, driven by a 4.72% livestock surge. Major crops like cotton (-30.7%), wheat (-8.9%), and maize (-15.4%) declined due to adverse weather and reduced cultivation, yielding 7.08 million bales, 28.98 million tonnes, and 9.72 million tonnes of rice, respectively, per Dawn.
Potatoes (11.5%) and onions (15.9%) boosted other crops by 4.78%, but cotton ginning fell 19.03%. Forestry (3.03%) and fisheries (1.42%) showed modest gains.
Real GDP grew 2.68%, below the 3.6% target, with GDP at current prices reaching Rs114,692 billion, up 9.1%. The industrial sector rose 4.77%, led by a 1.3% manufacturing recovery, though large-scale manufacturing contracted 1.5%. Services, at 58.4% of GDP, grew 2.91%. Per capita income rose 9.7% to $1,824, per The Express Tribune.
Pakistan Economic Survey FY25 – Key Highlights
Full Reporthttps://t.co/tRY6ZN5oKs@StateBank_Pak@Financegovpk #SBP #Economy #AHL #Pakistan pic.twitter.com/b1Y9KeWBVo
— Arif Habib Limited (@ArifHabibLtd) June 9, 2025The fiscal deficit narrowed to 3.7% of GDP from 7.9%, with revenue up 29% to Rs13.3 trillion, per Reuters. Inflation dropped to 0.3% in April 2025, with a July–April CPI average of 3.8%. The State Bank cut rates to 22%, boosting private-sector loans by Rs681 billion. Public debt fell to 73.6% of GDP (Rs69.7 trillion), with domestic debt at Rs43 trillion.
The Pakistan Stock Exchange’s KSE-100 index soared 40% to 117,920 points, with market capitalisation up 38% to Rs14.5 trillion. Remittances surged 34% to $31.3 billion, yielding a $2 billion current account surplus. Foreign reserves hit $16.7 billion, per Business Recorder.
According to Geo News, electricity capacity rose to 46,605 MW, but Rs2.5 trillion in capacity payments for idle plants burden consumers. Low health (1.4% GDP) and education (2.1% GDP) spending, with maternal mortality at 186 per 100,000 births, lags regional peers. IT exports grew 32% to $3.5 billion, a bright spot. Despite stabilisation, crop declines and manufacturing weaknesses highlight structural issues.
