Pakistan Misses FY 2024-25 Growth Target, Eyes USD 4.9 Billion in External Loans

Pakistan Seeks $4.9 Billion More In Loans After Missing Growth Target

The Pakistan government is reportedly planning to borrow USD 4.9 billion from international banks to meet its external financing needs and strengthen its foreign exchange reserves.

Pakistan misses FY 2024-25 growth target, eyes USD 4.9 billion in external loans

This was revealed during a meeting of the National Accounts Committee, chaired by Pakistan's Secretary of Planning. 

Pakistan set to miss growth projection for FY25

Economy size swells to $411bn; GDP expands at 2.6pc, per capita income sees modest rise to $1,824.

Q3FY25: Pakistan economy posts 2.4pc growth

ISLAMABAD: Pakistan’s economy recorded a 2.4 percent growth in the third quarter (January–March) of fiscal year 2024–25, as reported by the Pakistan Bureau of Statistics (PBS) on Tuesday. Despite a 1.14 percent contraction in the industrial sector during the third quarter (January–March) of fiscal year 2024–25, Pakistan’s economy achieved a 2.4 per cent GDP growth, according to the PBS following the 113th National Accounts Committee (NAC) meetin…

Pakistan Hits 200 Million Mobile Users, IT Exports Reach $3.5B Amid Digital Growth – Pakistan Press Foundation (PPF)

Photo Source; Pakistan Press International (PPI) – File Photo On May 18, the Minister of State for Information Technology and Telecommunication Shaza Fatima Khawaja said that Pakistan has made significant strides in digital development and economic recovery under the leadership of Prime Minister Muhammad Shehbaz Sharif. Speaking to the media, she announced that Pakistan has crossed 200 million mobile subscribers, which she said “shows strong pro…

Pakistan’s IT exports hit $3.5bn; govt eyes $10bn target by 2029 - Digital Rights Monitor

Pakistan’s IT exports surpassed $3.5 billion during the first ten months of the current fiscal year, with IT services alone contributing $3.14 billion, Minister of State for IT and Telecom Shaza Fatima Khawaja said on Sunday. She noted that the sector recorded a trade surplus of $2.3 billion — the highest among all service sectors — and called the growth a key step toward achieving the government’s Digital Pakistan vision. Experts say the impact…