Islamabad (HRNW) – Economic improvement and increasing investor confidence in Pakistan have laid the foundation for a new era of development.
This year, the country’s economic growth rate reached 3.7 percent, while the size of the economy expanded to $452 billion. Industrial production also witnessed growth, with the output of large-scale manufacturing increasing by 6.5 percent.
For the first time in the country’s history, the fiscal deficit declined to only 0.7 percent, while government revenues exceeded expenditures. Improved financial management enabled the government to repay approximately 4 trillion rupees in debt ahead of schedule.
Pakistan’s foreign exchange reserves have improved to more than $17 billion. The country has also successfully issued a $500 million Eurobond, helping restore confidence in global financial markets after a gap of four years.
A record registration of more than 297,000 companies has been completed under the supervision of the Securities and Exchange Commission of Pakistan (SECP). These indicators suggest that Pakistan’s economy is moving toward greater stability, growth and development, while international confidence in the country’s economic outlook continues to strengthen.
HRNW is committed to delivering reliable and timely news to its readers. Your support helps us continue our journalism and public-interest reporting. To make a donation and support our work, please visit:
Donate to HRNW
