Finance Ministry has indicated continued economic recovery for the current fiscal year, despite concerns over recent heavy rains and floods that may impact agricultural output and supply chains.
According to the ministry’s Monthly Economic Update and Outlook report, remittances surged by 26.6 percent, crossing 38.29 billion dollars, while exports saw a 4.2 percent increase, totaling 32.29 billion dollars.
The report highlights a potential uptick in large-scale manufacturing by June 2025, alongside growing activity in both industrial and agricultural sectors.
The ministry projects inflation to remain between 3.5 to 4.5 percent. Direct foreign investment also rose by 4.7 percent, reaching 2.45 billion dollars. The State Bank’s reserves stood at 14.5 billion dollars, contributing to total foreign exchange reserves of 19.9 billion dollars.
FBR revenue collection recorded a 26.3 percent increase, totaling 11.744 trillion rupees. Non-tax revenue also saw a sharp rise of 62.7 percent, amounting to 4.564 trillion rupees. Loans to the private sector reached 741 billion rupees, while agricultural credit grew by 16.6 percent, reaching 2.3 trillion rupees.
The report also notes increased demand due to stability in exchange rates and international commodity prices, signaling a positive outlook for the economy in the months ahead.
