The Pakistan Economic Survey 2024-25, a crucial pre-budget document outlining the country’s socio-economic performance, will be presented today by Finance Minister Muhammad Aurangzeb. The survey provides an in-depth analysis of major achievements, challenges, and trends during the fiscal year 2024-25, offering essential insights as the government prepares for the upcoming federal budget.
The survey highlights key fiscal improvements, including a reduction in the fiscal deficit to 2.6% of GDP, with a primary balance surplus of 3% of GDP. These figures reflect a more disciplined fiscal approach by the government. Furthermore, proactive monetary policies led to a reduction in the policy interest rate to 11%, while credit to the private sector grew significantly, with Rs 681 billion in loans disbursed between July 2024 and May 2025.
The document will also provide an overview of the performance and challenges in key sectors such as agriculture, manufacturing, industry, services, energy, information technology, telecommunications, capital markets, health, education, transport, and communication. It will also address developments in social protection, environmental sustainability, and infrastructure.
In addition to sectoral trends, the survey will offer updated data on critical economic indicators, including inflation, trade, public debt, employment, population growth, and climate change impacts. These indicators aim to inform public discourse and policy-making for the new fiscal year.
The survey will also reflect the development spending for 2024-25, with a total allocation of Rs 3,483 billion approved for the Annual National Development Programme (ANDP). Of this, Rs 1,100 billion is allocated to federal development projects, while provincial governments will utilize Rs 2,383 billion for their respective initiatives.
According to the Annual Plan Coordination Committee (APCC), which presented its recommendations to the National Economic Council (NEC), Pakistan’s Gross Domestic Product (GDP) growth for the fiscal year 2024-25 has been recorded at 2.7%. The government has set a target of 4.2% GDP growth for the next fiscal year.
Additionally, remittances saw a significant rise of 30.9% from July 2024 to April 2025, and for the first time, the country recorded a surplus in its current account balance.
The NEC has emphasized that recent signs of economic stabilization are the result of coordinated efforts between the federal and provincial governments. It noted that Pakistan is now on a path to economic recovery, with the agriculture sector playing a vital role in strengthening national reserves and supporting growth. A strategy is being developed to sustain and increase agricultural productivity in the coming years.
