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Pakistan's Economy Grows 2.68%, Seeks $4.9B Funding

5/21/2025

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Summary

Story summary

Pakistan's economy saw a modest growth of 2.68% in FY2024-25, falling short of the 3.6% target. To bolster its finances, the government is seeking $4.9 billion in external funding for FY2025-26, with $350 million expected from UAE banks. Finance Minister Aurangzeb is focused on achieving economic stability and ambitious reforms, targeting a tax-to-GDP ratio of 10.6% by June.

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Story summary

Pakistan's economy saw a modest growth of 2.68% in FY2024-25, falling short of the 3.6% target. To bolster its finances, the government is seeking $4.9 billion in external funding for FY2025-26, with $350 million expected from UAE banks. Finance Minister Aurangzeb is focused on achieving economic stability and ambitious reforms, targeting a tax-to-GDP ratio of 10.6% by June.