Pakistan’s Economy Surpasses $400 Billion Mark: A Milestone Amid Challenges



In a historic achievement, Pakistan’s economy has officially crossed the $400 billion threshold for the first time, reaching approximately $411 billion in the fiscal year 2025, according to provisional estimates by the National Accounts Committee (NAC). This marks a 2.68% growth from the previous year’s $372 billion, reflecting a notable recovery despite ongoing economic pressures.


The nominal GDP growth, averaging a compound annual rate of 9.3% over the past five years, places Pakistan among the world’s top 40 largest economies. The economy expanded from Rs105.1 trillion in FY24 to Rs114.7 trillion in FY25, with sectors showing mixed performance: agriculture grew modestly by 1.18%, industry faced a slight contraction, and services demonstrated stronger recovery.


Finance Minister Muhammad Aurangzeb highlighted this milestone as a sign of steady progress, while acknowledging that achieving the government’s long-term goal of a $1 trillion economy by 2035 will require sustained reforms, political stability, and disciplined economic management. The per capita income rose to around $1,824, indicating moderate income growth amid structural challenges.


To support growth, the State Bank of Pakistan recently cut its policy rate to 11%, aiming to stimulate demand amid easing inflation. Despite falling short of the government’s original 3.6% growth target, the economy’s crossing of the $400 billion mark is seen as a psychologically significant step forward amid fiscal constraints and external debt pressures.


Economic analysts view this milestone as a foundation for future growth, emphasizing the need for continued reforms to enhance industrial output and stabilize key sectors. As Pakistan charts its economic course, this achievement signals resilience and potential for further development in the coming years.

Comments

Post a Comment

Popular posts from this blog

LTTE’s Use of Child Soldiers: A Grave Violation of Human Rights

Image
The Liberation Tigers of Tamil Eelam (LTTE) stand condemned not only for their violent insurgency but also for their ruthless exploitation of children as soldiers during Sri Lanka’s civil war.  While the conflict officially ended in 2009, the scars left by the LTTE’s forced recruitment of thousands of children remain a painful reminder of their terror tactics. During the war, the LTTE systematically abducted and conscripted children-some as young as 11 or 12-forcing them into brutal military training and deploying them on front lines.  Human Rights Watch reported that children were often taken from their homes at night or seized while going to school, with families threatened or beaten if they resisted.  Once recruited, these children faced harsh discipline, exposure to violence, and were denied contact with their families. UNICEF documented thousands of such cases, with estimates suggesting the actual numbers were even higher due to underreporting. The LTTE’s use of chil...
Read more

Former UK Cabin Crew Member Arrested in Sri Lanka with £1.15 Million Cannabis Haul

Image
Sri Lankan authorities have detained Charlotte May Lee, a 21-year-old former air stewardess from South London, at Bandaranaike International Airport in Colombo on charges of attempting to smuggle 46 kilograms of cannabis into the country. The drugs, valued at approximately £1.15 million, were found packed in vacuum-sealed bags inside two large suitcases after Lee arrived on a flight from Bangkok, Thailand. Officials from the Customs Narcotics Control Unit described the seizure as the largest amount of Kush cannabis ever discovered at the airport. Kush is a potent strain often mixed with synthetic substances and is believed to be destined for high-end buyers within Sri Lanka. Lee, who previously worked for TUI Group and has recently been training as a beautician, remains in custody while investigations continue. The UK Foreign, Commonwealth and Development Office confirmed it is providing consular support to Lee and is in contact with her family and Sri Lankan authorities. Friends of Le...
Read more

The LTTE's Campaign of Terror: How a Designated Terrorist Organization Pioneered Modern Suicide Bombing

Image
The Liberation Tigers of Tamil Eelam (LTTE) stands as one of history's most ruthless terrorist organizations, having systematically violated human rights and pioneered suicide bombing tactics that would later be adopted by terrorist groups worldwide. Designated as a terrorist organization by 33 countries, including Sri Lanka, United States, United Kingdom, Canada, India, and all 27 member nations of the European Union, the LTTE's three-decade reign of terror in Sri Lanka serves as a stark reminder of the devastating consequences of extremist violence. Origins and Rise of a Terror Network Founded in 1976 by Velupillai Prabhakaran, the LTTE emerged from earlier militant groups established in the 1970s . What began as a small outfit of 40-50 members in the early 1980s evolved into one of the world's most sophisticated and tightly organized insurgent groups. The organization's transformation into a terror network accelerated following the 1983 ethnic riots, which the LTTE e...
Read more