Finance Minister Muhammad Aurangzeb ne Tuesday ko Pakistan Economic Survey 2023-24 unveil kar diya, jo mulk ki economic progress ki Annual report hai for the outgoing financial year.
FY2023-24 mein 2.38% growth hui (July-March) against 0.2% contraction in FY2022-23, aur inflation 24.5% rahi July-May mein FY24 ke.
Finance Minister Muhammad Aurangzeb ne kaha ke Pakistan FY25 mein external debt ko manage karega jaise is fiscal mein kiya tha.
Report kay figures July-March FY24 par mabni hain.
Real GDP 2.38% se barhi FY24 mein, negative growth 0.2% ko reverse karte hue FY23 mein, prudent policy management, resumed inflows from partners, aur recovery in major trading partners ke wajah se.
Key driver of economic growth FY24 mein agriculture sector tha, jo pichle 19 saalon mein sabse zyada grow hua, survey ke mutabiq. Sector 6.25% se grow hua FY24 mein, driven by 16.82% growth in key crops like wheat, rice, aur cotton.
Industrial sector 1.21% grow hua FY24 mein, manufacturing 2.42% barhi aur construction 5.86% se barha.
Services sector, jo 57.7% GDP ka banata hai FY24 mein, moderate growth 1.21% dekha.
GDP at current market prices 26.4% se barh kar Rs106 trillion hua FY24 mein, jo pichle saal Rs84 trillion tha.
Per capita income $129 se barh kar $1,680 hui, increased economic activity aur exchange rate appreciation ki wajah se.
Investment-to-GDP ratio 13.14% pe aa gaya FY24 mein from 14.13% in FY23, contractionary macroeconomic policies aur political uncertainty ki wajah se.
Saving-to-GDP ratio 13% rahi FY24 mein, jo 13.2% thi FY23 mein.
Automobile sector 37.4% down hua, jabke pichle saal 42.2% contraction tha.
Pharmaceuticals ne 23.2% growth dekhi, against 23.1% contraction last year.
Food group imports 14.2% decline hui, group ke imports $6.3 billion pe aa gayi.
Pakistan’s headline inflation Consumer Price Index (CPI) 24.52% average raha July-May mein FY24. FY2022-23 mein CPI 29.2% tha.
Current account deficit (CAD) 94.8% se kam hokar $200 million hua July-April mein, compared to $3.9 billion during the same period last year.
Trade deficit in goods 21.6% se decrease hokar $17.7 billion hua July-April from $22.6 billion last year, significant decline in imports ki wajah se.
Primary income account deficit 34.8% se barh kar $6.1 billion hua July-April, compare to $4.6 billion last year, driven by higher dividend repatriation aur interest payments.
Remittances 3% year-on-year (YoY) decline dekhi, totaling $23.9 billion during July-April.
Financial account net inflows $3.9 billion dekhi July-April mein, mainly IMF’s Stand-by Arrangement (SBA) aur friendly countries ke inflows ki wajah se, compare to outflows of $0.6 billion last year.
Foreign Direct Investment (FDI) inflows 8.1% barh kar $1.5 billion hui July-April, compare to $1.3 billion in the same period last year.
Pakistan rupee 3.0% appreciate hua first eleven months of FY24 mein against the US dollar.
Total public debt Rs67.5 trillion tha end-March 24. Domestic debt Rs43.4 trillion record hui jabke external debt Rs24.1 trillion ($86.7bn) tha.
Revenue collection Rs9.8 trillion hui (41% higher YoY), fiscal deficit 3.7% of GDP pe contain raha last year same period’s deficit 3.6% se.
Total expenditures 37% se barh kar Rs13.7 trillion hui (Rs10.1 trillion same period last year) mainly 33% higher current expenditure (Rs12.3 trillion) ki wajah se.
Primary Balance surplus Rs1,615 billion post hua against a deficit of Rs503.8 billion.
Tax collection 29% se grow hui jabke non-tax revenues 91% barhi. Lekin July-May ke liye, Federal Board of Revenue (FBR) revenue collection Rs8.1 trillion pe khara raha.
Government stable economy maintain karne pe focused hai by prioritising exports aur investment. Continued policy aur reform implementation ke zariye, growth ko medium-term potential 5.5% by FY 2027 tak reach karna anticipate kiya ja raha hai.
