The Ministry of Finance expressed its optimism for the continuous growth this year, which is due to international political reforms to recover to the International Monetary Fund (IMF), reduce money, and financial unification, despite the slowdown in two of the three real economic sectors-agriculture and industry-which indicates that Economic growth may not be less than goals.
In the semi -annual “Economy Case Report”, the Ministry of Finance has attributed the contraction in agriculture to a high basic impact from the previous fiscal year and the decrease in crop revenues. Main crops – Cotton, Rice, Sugar Stories, Corn – 29.6 %, 1.2 %, 2.2 %, and 15.6 %, respectively, during the first quarter. Koton’s sharp decrease in particular on total growth, as wheat production was not a worker during this period.
The industrial sector also recorded a negative growth, decreased by 1.03 % in the first quarter, although this was an improvement in a decrease in 4.43 % in the same period last year.
The ministry described this as a gradual recovery in industrial activity. Meanwhile, GDP growth slowed to 0.92 % in the first quarter of the fiscal year 25, compared to 2.3 % in the same period last year, reflecting moderation in the main sectors, especially agriculture.
The report highlighted that inflationary pressures, whose peak in the 23rd year, decreased significantly due to effective policies, low global commodity prices, and stable exchange rate. This allowed the State Bank in Pakistan to reduce the price of policy by 1000 basis points, stimulate economic activity and provide relief to industrial sectors and consumers.
The external sector showed flexibility, as the current account surplus of $ 1.21 billion was recorded during July to 2015 from July to 25. Transfers and exports were well, while foreign direct investment grew by 20 %, especially in the financial and financial sectors. Foreign currency reserves are now covering two months of imports, supported by the expenses of the International Monetary Fund and International Financial Assistance. The rupee remains stable against the dollar, which reflects the reinforced financial management.
On the financial front, improved improved revenue-driven by both tax and non-tax revenues-has been improved to 0.04 % of GDP in July-November 25, a significant improvement in the previous year. Records from the State Bank in Pakistan, due to the historic 22 % policy price, played a major role in revenue.
The government noticed a positive look at agriculture, noting high -frequency indicators such as improving water availability, investment in machines, and favorable weather trends. The services sector continues to expand, with the support of local economic activity and trade growth.
The report emphasized the government’s commitment to overcoming structural challenges and enhancing sustainable and comprehensive development. With the strengthening of economic basics, the decline in inflation, and the high investor confidence, the government expected the continuous growth of the fiscal year 25. He emphasized the role of financial discipline, facilitating export, and cash relief in creating a favorable environment for the growth led by the private sector.
