Pakistan's economy has shown significant improvement in fiscal year 2024, with key indicators pointing towards recovery. Exports increased to $30.645 billion, up from $26.8 billion in 2022. Imports decreased to $54.734 billion from $58.9 billion in 2022.
The agricultural sector saw notable growth, with production increasing from 4.40% in 2022 to 6.25% in 2024. Foreign exchange reserves rose to $14.7 billion, compared to $10.9 billion in 2022.
Key crops such as cotton, rice, and wheat showed increased yields. Tractor sales surged by 47%. The government allocated 50 billion rupees in subsidies to prevent electricity price hikes for low-income consumers.
Agricultural loans reached 1,972.8 billion rupees, a 26% increase, facilitating the use of modern technology. The Prime Minister's Youth Business and Agriculture Loan Scheme provided 83.683 billion rupees to over 140,000 beneficiaries.
The manufacturing sector grew by 1%, contributing to job creation and overall economic growth. The government allocated 55 billion rupees for solar-powered tube wells in Balochistan.
Fuel prices decreased, with petrol dropping by 70 rupees per liter and diesel by 63 rupees per liter. The minimum wage was increased by 15% to 37,000 rupees.
The Benazir Income Support Program provided 470 billion rupees in aid to 9.3 million families.
These figures indicate that Pakistan's economy is on a path to recovery, with improvements across various sectors.
