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Pakistan's GDP Growth Slips to 2.7%, Faces Tough Reforms

6/10/2025

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Summary

Story summary

Pakistan's Economic Survey 2024-25 reveals a disappointing GDP growth of 2.7%, falling short of the 3.6% target. While exports surged by 7% and remittances increased, large-scale manufacturing faced a downturn, contributing to a staggering public debt of PKR 76 trillion. The government is now striving for a 4.2% growth next fiscal year, navigating through challenging IMF reforms.

History

Historical Context

Pakistan's current economic struggles echo the challenges faced during the 2008 financial crisis. Then, high public debt and inflation led to stagnation. Today, with GDP growth at 2.7% and soaring debt, the country grapples with similar issues, highlighting a persistent cycle of economic mismanagement and reliance on external support.

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Story summary

Pakistan's Economic Survey 2024-25 reveals a disappointing GDP growth of 2.7%, falling short of the 3.6% target. While exports surged by 7% and remittances increased, large-scale manufacturing faced a downturn, contributing to a staggering public debt of PKR 76 trillion. The government is now striving for a 4.2% growth next fiscal year, navigating through challenging IMF reforms.

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