Pakistan’s textile exports grew by 7.22% in the fiscal year 2024-25, reaching $17.88 billion, up from $16.68 billion last year. This positive growth comes despite challenges like rising inflation, high energy tariffs, political instability, and weak global demand. The increase was largely driven by value-added products such as knitwear (up 14.46%), readymade garments (16.35%), […]
fiscal year 2024–25
Railways earns highest-ever Rs 93 billion, breaks 78-year record
Pakistan Railways has achieved a major financial milestone, posting a record-breaking Rs 93 billion in revenue for the fiscal year 2024–25. This is the highest income in its 78-year history and a notable increase from Rs 88 billion earned in the previous year. According to the Railways spokesperson, the income came from multiple sources. Passenger […]
Car sales in Pakistan soar 43% in FY2024–25 amid economic recovery
Car sales in Pakistan recorded a remarkable 43% increase in the fiscal year 2024–25, according to the Pakistan Automotive Manufacturers Association (PAMA). The total number of vehicles sold, including cars, jeeps, and pick-ups, rose to 148,023 units, up from 103,829 units in FY2023–24. In June 2025 alone, sales reached 21,773 units, marking a 64% year-on-year […]
Historic $38.3B remittance: Shehbaz credits overseas Pakistanis
Prime Minister Shehbaz Sharif has warmly thanked overseas Pakistanis for sending a record-high $38.3 billion in remittances during the fiscal year 2024-25, marking a significant 26.6% increase compared to the previous year. This growth is the highest in Pakistan’s history and a clear sign of confidence in the country’s economic stability. The Prime Minister said […]
Karachi breaks tax records with Rs3.256 trillion haul in FY25
Karachi has broken all previous records in tax collection during fiscal year 2024-25, emerging as the country’s top revenue contributor. Despite a tough economy, the city posted a 29% rise in federal tax collections and a 29.5% increase in provincial sales tax on services, collected by the Sindh Revenue Board (SRB). This surge reaffirms Karachi’s […]
Pakistan surpasses $19.2B target with $20B in external inflows
Pakistan secured $20 billion in foreign loans and grants during the first 11 months of fiscal year 2024–25. This amount surpassed the government’s annual target of $19.2 billion. The Economic Affairs Division (EAD) released this data in a recent report. These inflows helped support the country’s external financing needs amid ongoing economic challenges. About half […]
KP anti-corruption dept recovers record Rs4.91 billion in 2024–25
PESHAWAR – The Khyber Pakhtunkhwa (KP) Anti-Corruption Department has recovered a record-breaking Rs4.91 billion during the fiscal year 2024–25, showing a dramatic 176.8% increase from the previous year. Official records show that the department recovered Rs1.77 billion in 2023–24 and Rs2.03 billion in 2022–23. This year’s exceptional performance highlights the department’s improved strategy and its […]
Economic survey to unveil wins and woes of 2024–25
The federal government has failed to meet its economic growth target for the fiscal year 2024–25, with the National Economic Survey scheduled to be released tomorrow. According to key findings revealed in advance, Pakistan missed its GDP growth target of 3.6%, achieving only 2.7%. Both the agriculture and services sectors also underperformed, falling short of […]
Govt unveils Rs3.79 trillion growth plan to boost economy in FY25
ISLAMABAD – The government is all set to approve a massive Rs3.79 trillion national development budget today. The National Economic Council (NEC) meeting will be led by Prime Minister Shehbaz Sharif, where crucial economic targets for the next year will also be discussed. According to sources, Finance Minister Muhammad Aurangzeb will present the outline of […]
Govt utilises just 54% of development budget, SDG funds see high use
The federal government has only spent 54% of its revised Rs1.096 trillion development budget in the first 11 months of fiscal year 2024–25. So far, Rs593 billion has been utilised, raising concerns as the financial year ends on June 30, 2025. The underutilisation reflects a persistent challenge in executing planned development schemes on time. Despite […]