Finance Minister Muhammad Aurangzeb says Pakistan’s economic system demonstrated resilience with GDP progress charge recorded at 3.7 % in the course of the present monetary yr regardless of inside and exterior challenges.
Launching the Financial Survey 2025-26 in Islamabad as we speak, he introduced a complete overview of the nation’s financial efficiency in the course of the outgoing fiscal yr.
He was accompanied by Minister for Planning and Growth Ahsan Iqbal, Minister for Info and Broadcasting Attaullah Tarar and Minister of State for Finance Bilal Azhar Kayani.
The Finance Minister emphasised that the expansion determine of three.7 % is the best within the final 4 years. He stated the economic system remained on the trail from stabilization to progress.
He stated that the nation’s financial dimension reached the file degree of 126.9 trillion rupees or 452.1 billion {dollars}.
Sharing the principle statistics of the financial survey, the Finance Minister talked about that the per capita revenue reached 1901 {dollars} as in comparison with 1751 {dollars} final yr.
Highlighting the sectoral efficiency, the Finance Minister stated the agriculture grew by 2.89 % however the floods and the business by 3.51 %.
He stated livestock sector continues to develop from power to power. He stated giant scale manufacturing witnessed progress of 6.1 % which can be the best within the final 4 years. He stated that sixteen out of twenty-two sectors within the manufacturing noticed optimistic progress.
Muhammad Aurangzeb emphasised that the companies has all the time remained a powerful sector. He stated progress of 4.9 % was seen on this sector in outgoing monetary yr which can be the best degree within the final 4 years. He particularly talked about that the 7.52 % progress was seen within the Info and Communication Companies.
On the fiscal facet, the Finance Minister stated the fiscal deficit remained 0.7 % in the course of the first 9 months of present monetary yr. He stated 10.1 % progress was witnessed within the income assortment of FBR and discount of twenty three % in markup cost supplied the extra fiscal area.
On the exterior facet, Muhammad Aurangzeb stated the present account surplus remained seventy-two million {dollars} in the course of the first 9 months of present monetary yr. He additionally talked about enhance in remittances and investments in Roshan Digital Account.
Referring to the export facet, he stated IT exports have crossed 3.8 billion {dollars} and these are anticipated to succeed in 4.5 billion {dollars}. He stated the nation’s overseas alternate reserves stand at 17.1 billion {dollars} and these are anticipated to succeed in eighteen billion {dollars} by the tip of June.
Muhammad Aurangzeb additionally highlighted a rise in demand throughout a number of sectors together with cement by ten %, fertilizers seventeen %, petroleum merchandise 5 % and cell phones 9 %.
Concerning non-public sector credit score, Muhammad Aurangzeb stated it has reached round 934 billion rupees, reflecting a rise of twenty-two %. He additional stated that agricultural lending has elevated by 15 %. He stated the federal government is advancing the Zarkhez-e scheme to facilitate small farmers.
Referring to the reasonably priced housing scheme, the Minister stated that eleven billion rupees have been disbursed, whereas 90 billion rupees have been permitted.
He additional stated the literacy charge has risen to 63 %, whereas the proportion of out-of-school kids has declined to twenty-eight %.
Talking in regards to the well being sector, Muhammad Aurangzeb stated the toddler mortality charge has decreased from 60 to 47 per 1,000 births, whereas immunization protection has reached 73 %.
