The Ministry of Finance has announced a significant turnaround in Pakistan’s economic indicators, signaling a period of stabilization and growth.
According to the latest official data, the country recorded a current account surplus of $427 million by February, supported by a notable increase in foreign investment and overseas remittances.
Direct Foreign Investment (FDI) witnessed a substantial 24% growth, while remittances from overseas Pakistanis saw a 5% increase during the same period.
The technology sector emerged as a major contributor to this economic recovery, with IT exports surging by 18% to reach approximately $3 billion. Consequently, Pakistan’s foreign exchange reserves have climbed to their highest level in four years.
While the Large Scale Manufacturing (LSM) sector showed steady growth—recorded at 12% in January and 11% in February—the overall fiscal outlook remains positive.
Furthermore, the Ministry of Finance reassured the public regarding energy security, confirming that the country holds sufficient oil reserves to meet the demands for March and April.
