Islamabad, June 8, 2025 – The Government of Pakistan is set to unveil the Economic Survey 2024–25 on June 9, 2025, a key annual document that reviews the nation’s economic performance for the outgoing fiscal year.
The Economic Survey provides a comprehensive overview of the country’s economic health, identifying achievements, highlighting shortcomings, and laying the groundwork for future policy direction. This will be followed by the presentation of the Federal Budget 2025–26 on June 10.
The Economic Survey is an essential pre-budget document that serves as both a diagnostic tool and a roadmap. It captures trends across all major sectors of the economy including agriculture, manufacturing, services, trade, and fiscal management. Notably, the National Economic Council has projected Pakistan’s GDP growth at 2.7% for the fiscal year 2024–25. The total volume of GDP is expected to reach Rs114 trillion, reflecting moderate recovery amid policy interventions.
Public sector development also saw considerable investment, with Rs3.483 trillion allocated for development expenditures during the fiscal year. Of this, Rs1.1 trillion was allocated by the federal government and Rs2.383 trillion by provincial governments. The improved economic indicators are expected to be central to the Economic Survey’s narrative.
The fiscal deficit has declined to 2.6% of GDP, while the primary surplus has improved to 3.0%, signaling progress in fiscal consolidation. Strong performance in tax and non-tax revenue collection played a crucial role. The Federal Board of Revenue (FBR) collected Rs9.3 trillion during Jul–Apr FY2025, marking a 26.3% increase from the previous year.
The Economic Survey will also emphasize success in agriculture, where government interventions improved credit access and farm mechanization. Wheat was cultivated on 22.07 million acres during Rabi 2024–25, with an estimated output of 28.98 million tonnes. Agricultural credit disbursement increased by 15%, and fertilizer availability remained robust.
The large-scale manufacturing (LSM) sector showed mixed results, with some recovery seen in textiles, petroleum products, and pharmaceuticals. However, the sector experienced a 1.5% decline during the nine-month period, highlighting the need for continued support.
On the external front, the Economic Survey is expected to highlight the turnaround in the current account, which posted a $1.9 billion surplus for the first time in several years. Remittances surged by 30.9%, reaching $31.2 billion, largely driven by inflows from Saudi Arabia and the UAE. Goods exports rose 6.8%, while IT exports climbed by 21.1%, showcasing digital sector resilience.
Inflation also showed encouraging trends, with CPI inflation dropping to 0.3% year-on-year in April 2025, the lowest in years. This improvement enabled the State Bank of Pakistan to reduce the policy rate to 11%, supporting credit expansion. Loans to the private sector rose to Rs681 billion during July–May FY2025.
The Economic Survey 2024–25 will also cover progress in social protection and poverty alleviation. Under the Benazir Income Support Programme (BISP), Rs409.4 billion was disbursed during the first nine months of the fiscal year—an increase of 28.7% compared to last year. Furthermore, the launch of Pakistan’s first Green Sukuk indicates a growing focus on environmental sustainability.
In summary, the Economic Survey offers a detailed account of Pakistan’s ongoing recovery, achievements in key economic areas, and the challenges that remain. It not only reflects the economic performance of 2024–25 but also informs the formulation of policies for 2025–26, especially as the government prepares for the federal budget announcement.