Economy on positive trajectory as reflected in various indicators

ISLAMABAD: The country’s economy is on an upward trajectory, as evidenced by various economic indicators.

According to the most recent data, the nation’s exports have reached 30.351 billion dollars. The export target for 2025 is set at 32.34 billion dollars, signaling a robust economic outlook.

Remittances from overseas Pakistanis continue to play a vital role in supporting the economy. In 2024, remittances amounted to 28.782 billion dollars and are projected to reach 35 billion dollars this year.

Foreign direct investment saw an increase in 2024, with foreign investment reaching 2.346 billion dollars.

This figure is expected to rise to 2.8 billion dollars this year, reflecting growing confidence among investors.Pakistan Economy – SBP reduced policy rate by 200bps.

The inflation rate reached 29.2 percent in 2023, but by the first eight months of the current fiscal year, it had decreased to 5.9 percent. In February, the inflation rate was only 1.5 percent, indicating a stable economic environment.

In 2022, the current account deficit stood at 17.5 billion dollars, but by the first seven months of the current fiscal year, it had turned into a surplus of 0.7 billion dollars.

A notable rise in the Roshan Digital Account has been observed, highlighting the trust of overseas Pakistanis.

The total balance in the Roshan Digital Account was 7.035 billion dollars in 2023, and it is expected to increase to 9.564 billion dollars.

The foreign exchange reserves have shown significant improvement, now standing at 16.05 billion dollars.