Islamabad: The Ministry of Finance has published the economic report for the first half of fiscal year 2025, showing both good and difficult trends. The study says that transfers, exports, and imports all went up in the first half of the year.
The report indicates that payments went up by 29.3% from last year, exports increased by 9.8%, and imports grew by 14.5%. The current account had a balance, and the State Bank’s funds went up to $11.5 billion. The Federal Board of Revenue (FBR) increased tax collection by 35.1%.
The report noted some worries, such as a 32.5% drop in foreign direct investment and a 3.81% decrease in large-scale industry production in the first half of the year. The farming sector experienced an 8.5% rise in loans, and non-tax income jumped by 94.5%.
Inflation, though still a problem, showed a marked decrease to 7.2% in the first half of FY 2025, down from 28.8% in the same time last year. Government spending and money management, along with a steady currency value and dropping global prices, helped lower inflation.
The report showed that the economy is doing well, with a projected 2.5% growth in GDP for the year, thanks to good management of the economy and efforts to keep inflation in check. The farming industry grew by 6.2% due to more investment, more loans for farmers, and good weather.
The industrial sector had mixed results, but the textile business is improving slowly. There are good hopes for growth in the services sector. Business operations and trade are likely to rise, boosting the economy in the second part of the year.
The Ministry of Finance’s report offers a hopeful look at the country’s economy. It shows progress in important areas like money sent home (remittances), exports, and inflation. However, there are still some problems, especially with foreign investment and industrial production.
