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Ministry of Finance Issues Economic Outlook Q1FY25 Report (Jul-Sep 2024)

Pakistan Economic Outlook Q1FY25 Report Jul-Sep 2024

ISLAMABAD –The Ministry of Finance has released the monthly Economic Outlook Q1FY25 Report, which indicates an increase in remittances, exports, imports, and foreign investment

Key Highlights of the Economic Outlook Report
  • The Finance Ministry’s Economic Outlook report shows growth in remittances, exports, imports, and foreign investment, along with a stronger rupee and reduced inflation. Despite a small rise in the fiscal deficit, the overall economic outlook is positive.

Inside Pakistan’s Economic Outlook Q1FY25 Report

According to the report, remittances increased by 38.8% in the first three months of the current fiscal year, while exports rose by 7.8% and imports by 15.7% during the same period.

The Outlook report indicates that foreign investment grew by 48.2% in the first three months, central bank reserves surpassed $11 billion, and the value of the rupee improved by three rupees.

According to the Ministry of Finance report, the current account deficit decreased by 92.1%, while FBR revenue collection rose by 25.5% from July to September, and non-tax revenue increased by 20.8% over three months.

The detailed report can be read here.

The report also noted a 4.3% increase in the fiscal deficit over three months, inflation dropped from 29% to 9.2%, and large-scale manufacturing output decreased by 0.19% in two months.

Read more about the Economy, Taxation, Finance, Automobiles, and News here.

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