Islamabad (HRNW)- The Ministry of Finance said in a report that the growth rate in the fiscal year 2024-25 was 2.68 percent, while the inflation rate decreased from 23.4 percent to 4.5 percent.
According to the report, after 14 years, an annual surplus of $2.1 billion was recorded in the current account, the fiscal deficit decreased to 3.1 percent of GDP, while in May 2025, the production of major industries also increased by 2.3 percent on an annual basis.
According to the Ministry of Finance, remittances, exports, imports and foreign investment increased in the last fiscal year, remittances increased from $30 billion to more than $38 billion, while exports increased by 4.2 percent and imports by 11.1 percent.
According to the report, FBR revenues and non-tax revenues also increased in the last fiscal year, the country’s total financial reserves remained at $19.9 billion, while the rupee depreciated by Rs 5 against the dollar in the last fiscal year. The increase in production of large industries in June is expected to continue in July as well.
The report said that in the current fiscal year, innovation in agriculture, increase in industrial production and ease of doing business will be created, while exports are likely to increase due to stability in the exchange rate and increase in external demand. The Ministry of Finance has indicated in its report that inflation is likely to be between 3.5 and 4.5 percent in the month of July.
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