Islamabad, June 9, 2025: The Economic Survey 2024-25 has revealed key economic indicators for Pakistan and the global economy. According to Federal Finance Minister Muhammad Aurangzeb, the global GDP has slowed down to 2.8%, while Pakistan’s GDP has shown a growth rate of 2.7% despite global challenges.
Minister Aurangzeb emphasized that global GDP trends must be considered while planning national growth. He further shared that global inflation stood at 4.3%, whereas Pakistan recorded a historic drop in inflation during the fiscal year.
One of the major highlights was the sharp reduction in Pakistan’s policy rate, which declined from 22% to 11%. This significant cut reflects the government’s commitment to stimulate economic activity.
The minister also announced a noticeable increase in foreign exchange reserves and shared that 43 ministries and 400 departments are being shut down under a new “right-sizing” initiative aimed at improving economic efficiency.
He highlighted ongoing reforms in the taxation system, integrating technology to improve tax collection and transparency. Aurangzeb also stated that state-owned enterprises have incurred losses exceeding one trillion rupees.
On the trade front, Pakistan’s exports saw a 7% increase, while IT exports rose by 3.5%. Additionally, there has been a rise in machinery imports, reflecting growing industrial investment.
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The finance minister concluded by reaffirming that these strategic measures would lead to long-term economic stability and sustainable growth for Pakistan.
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