KARACHI – The Pakistani government will release the Economic Survey for fiscal year 2024-25 today, on Monday. Finance Minister Aurangzeb will unveil the Economic Survey 2024-25. As per official sources, the GDP growth for FY2024- 25 stands at 2.68 pc less than the expected target of 3pc. However, it comes with a slight improvement compared to 2.51pc of last year.

The agriculture sector witnessed a decline and recorded a growth of only 0.56pc, a sharp decline compared to 6.4pc in the last year. The industrial sector recorded a growth of 4.7% as compared to 1.37% of the previous year. Large-scale industries witnessed a 1.53% rise. A major contributor to the overall growth was the construction industry, which expanded by 6.61%, compared to only 1.14% in FY2023–24.

The size of Pakistan’s economy now stands at $411 billion, gaining approximately $40 billion from $372 billion last year. The per capita income increased to $1,824, compared to $1,680 in the last fiscal year.

The negative developments in the Agricultural sector include:

• Wheat: A decrease of 9.8% to 28.9 million tons
• Rice: A decrease of 1.3% to 9.72 million tons
• Sugarcane: A decrease of 3.8% to 84.2 million tons
• Cotton: A decrease of 30.7% to 7 million bales
• Corn: A decrease of 15.4% to 8.24 million tons
• Pulses: A decrease of 14.1% to 29,658 tons

However, some positive developments were recorded, such as:

A sharp increase in vegetable output by 7.1%

A 4.1% increase in fruit production