FinMin Aurangzeb to present Pakistan Economic Survey 2024–25 today

• FinMin Senator Muhammad Aurangzeb to present survey.
• Survey to highlight achievements, challenges across major sectors.
• Govt to unveil Federal Budget 2025-26 on Tuesday.
  

The Pakistan Economic Survey for the fiscal year 2024–25, a key pre-budget document that outlines the government's assessment of the national economy, will be officially launched today.

The survey will be presented by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, according to a statement issued by the finance ministry.   

The Economic Survey serves as a vital document ahead of the annual federal budget, offering detailed insights into the country's socio-economic performance over the outgoing fiscal year.

It highlights trends, achievements, and challenges across major sectors including agriculture, manufacturing, industry, services, energy, information technology and telecommunications, capital markets, health, education, transport, and communication.

Additionally, the survey will shed light on developments in social protection programs, environmental sustainability, and infrastructure.

The document will also present updated data on critical economic indicators such as inflation, trade and balance of payments, public debt, population growth, employment levels, and climate change impacts.

By offering a consolidated view of these indicators, the survey aims to inform public debate and policy planning in the lead-up to the new fiscal year.

According to the Annual Plan Coordination Committee (APCC), whose recommendations were endorsed by the National Economic Council (NEC), Pakistan's Gross Domestic Product (GDP) growth rate for the fiscal year 2024–25 has been recorded at 2.7%.

The target for GDP growth in the next fiscal year has been set at 4.2%.

The NEC noted that remittances witnessed a strong increase of 30.9% from July 2024 to April 2025, and for the first time, the current account balance remained in surplus during this period.

The survey will also highlight improvements in fiscal indicators, including a reduction in the fiscal deficit to 2.6% of GDP. The primary balance recorded a surplus of 3% of GDP, reflecting a more disciplined fiscal approach.

Owing to improved economic fundamentals and proactive monetary policy measures, the policy interest rate was gradually reduced to 11%. Meanwhile, credit to the private sector grew significantly, with loans amounting to Rs681 billion disbursed between July 2024 and May 2025.

The NEC emphasised that recent signs of economic stabilisation are the result of coordinated efforts by both the federal and provincial governments.

It stated that the country has now moved onto a path of economic recovery and growth.

The agriculture sector played a particularly important role in strengthening national reserves and supporting economic expansion. A comprehensive strategy is currently being formulated to ensure a steady and sustainable increase in agricultural productivity in the coming years.

In terms of development spending, a total outlay of Rs3,483 billion has been approved for the Annual National Development Programme (ANDP) for 2024–25.

Of this amount, Rs. 1,100 billion was allocated for federal development initiatives, while Rs2,383 billion was utilised by provincial governments for their respective projects.

The Economic Survey 2024–25 is expected to set the foundation for the forthcoming federal budget and guide Pakistan's broader economic agenda as the country continues its efforts toward fiscal consolidation, macroeconomic stability, and inclusive growth.

NA speaker approves schedule for budget

National Assembly Speaker Sardar Ayaz Sadiq on Sunday approved the parliamentary schedule for the budget session, which is set to be presented on June 10.

In a statement, Sadiq said that the debate on the federal budget 2025-26 would continue from June 13 to 21 in the lower house of parliament.

All parliamentary parties would be given time for debate in accordance with the rules and procedures, he added.

The NA speaker further said that discussions and voting would take place on demands, grants, and cut motions on June 24 and 25, adding that the Finance Bill will be passed by the House on June 26.

Later, the National Assembly will hold discussions and voting on supplementary grants and other matters on June 27, Sadiq added.