Category: Budget 2023-2024

Islamabad, June 8, 2023 – The recently released Pakistan Economic Survey 2022-23 highlights that Pakistan has successfully managed to contain its current account deficit by implementing import restrictions. However, the pressure on foreign exchange reserves persists, creating challenges for the economy.

Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23, released on Thursday, identifies weaker exchange rates and supply disruption caused by floods as key factors contributing to high inflation in the country.

Islamabad, June 8, 2023: Pakistan is set to achieve a significant reduction in its budget deficit for the fiscal year 2022-23, thanks to focused fiscal consolidation efforts, as revealed by the Pakistan Economic Survey 2022-23 on Thursday.

Islamabad, June 8, 2023: Despite the devastating impact of flash floods during fiscal year 2022-23, the agriculture sector of Pakistan has recorded a growth of 1.55 percent, according to the Economic Survey of Pakistan released on Thursday.

The Pakistan Economic Survey for the fiscal year 2022-23 highlights the various challenges faced by Pakistan’s economy during this period. The geopolitical situation, difficult financial environment, and high inflationary pressures have all had a significant impact on the global growth prospects, and Pakistan was not immune to these challenges. Additionally, devastating floods and political unrest further exacerbated the economic situation, making FY2023 a challenging year for Pakistan’s economy.