ISLAMABAD: The government has revised Pakistan’s economic growth rate for the ongoing fiscal year (FY25) to 3.04%, up from the earlier estimate of 2.68%, The News reported. According to updated data, the economy recorded a strong 5.66% growth in the fourth quarter (April–June), which helped lift the overall annual rate. The revised figures were approved […]
FY25
Pakistan set to receive $2B from World Bank in FY25
The World Bank will lend Pakistan more than $2 billion during the current fiscal year. This funding comes through the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). Officials say the money will support projects in agriculture, energy, water, finance, revenue, governance, and social services. The loans aim to boost […]
Pakistan’s exports to Europe jump 7.44% in FY25
Pakistan’s exports to European countries rose sharply in the fiscal year 2025. The total export value reached $8.86 billion, up 7.44% from $8.25 billion last year. This growth shows a strong recovery after last year’s decline. Experts say rising demand for textiles and clothing in key European markets helped boost trade. The data comes from […]
Pakistan’s rice export revenue takes a 15% hit
ISLAMABAD: Pakistan’s rice export revenue dropped by 14.7% in FY25, falling to $3.36 billion, according to new data released by a leading brokerage firm. This decline was driven mainly by weaker global demand and falling international rice prices, especially for non-basmati varieties. Pakistan exported 5.8 million metric tons (MMT) of rice during the fiscal year, […]
Pakistan receives record $38.3 billion in remittances in FY25, surging 27%
Pakistan’s economy received a major boost in FY25, as workers’ remittances soared to a historic $38.3 billion, marking a 27% year-on-year increase from $30.3 billion in FY24. According to the State Bank of Pakistan, this $8 billion jump reflects the resilience and growing support of overseas Pakistanis amid continued economic challenges. June 2025 alone brought […]
Pakistan’s finance minister confident of current account surplus in FY25
Pakistan’s current account will remain in surplus throughout fiscal year 2024–25, Finance Minister Muhammad Aurangzeb confirmed. He shared this outlook at a pre-budget seminar in Karachi. This statement differs slightly from the more cautious forecast by the State Bank of Pakistan. However, Aurangzeb remains optimistic about the economy’s direction. The Finance Minister projected that the […]
Pakistan secures $5.5 billion in foreign funding during first nine months of FY25
Pakistan received $5.51 billion in foreign funding during the first nine months of the current fiscal year, according to the Economic Affairs Ministry. In comparison, the country secured $6.9 billion during the same period last year. The data covers July 2024 to March 2025. The ministry’s report highlights that in March 2025 alone, Pakistan […]
Strong growth in Pakistan’s non-textile exports drives economic momentum
Pakistan’s non-textile exports increased by 2.38% in FY25, reaching $9.89 billion during the first eight months (July-February). This is up from $9.66 billion in the same period last year. The rise is mainly due to higher demand for value-added products such as leather, footwear, and engineering goods. These products are becoming more popular in global […]
Pakistan’s footwear exports surge by 15.48% in July–Feb FY25
Pakistan’s footwear exports saw a notable rise of 15.48% in the first eight months (July–February) of the fiscal year 2024–25, reaching $126.4 million, compared to $109.5 million during the same period in FY24. The increase was primarily driven by the growth in leather footwear exports, which rose by 14.94%, from $85.37 million to $98.12 million. […]
Pakistan secures $12 billion in foreign loans amid economic challenges
Pakistan has secured nearly $12 billion in foreign loans during the first eight months of FY25, aiming to exceed its $19.2 billion target by June. A significant portion—$6 billion—came from rollovers by China, Saudi Arabia, and the UAE, while fresh loans fell 25% to $5.95 billion compared to last year. The Economic Affairs Division (EAD) […]