Transforming Stability into Sustainable Reform
Pakistan’s economy has shown resilience and signs of stabilization, according to the Pakistan Economic Survey 2024–25. The survey highlights key macroeconomic indicators, sectoral performance, and policy directions that are crucial for understanding the government’s assessment of the economy. For instance, the economy achieved a GDP growth rate of 2.68% in FY2025, while inflation fell to a multi-decade low of 0.3% in April 2025. At the same time, the fiscal deficit narrowed to 2.6% of GDP and the primary surplus improved to 3.0%. Moreover, the current account swung from a deficit to a surplus of $1.9 billion, and foreign reserves stood at $16.64 billion as of May 27, 2025—a clear positive sign driven by broad-based stabilization across key indicators.
Furthermore, the stock market performed strongly, with the KSE-100 index rising 50% in FY2025. Public debt stands at Rs 76,007 billion, and Fitch upgraded Pakistan’s sovereign rating to B- (Stable). In addition, remittances grew by 11% to $32 billion, reinforcing the external sector’s strength. Nevertheless, a UN report revealed that economic privileges enjoyed by elite groups, the corporate sector, feudal lords, the political class, and the military add up to an estimated $17.4........
© The Spine Times
