The year 2024 was marked by positive economic indicators for Pakistan

For the first time in the country’s history, the stock exchange rose above 100,000 points.

Inflation dropped to its lowest level in six and a half years. The policy rate decreased from 22% to 13%.

Pakistan’s current account surplus reached its highest level in ten years.

There was a reduction in the production of major industries, but foreign exchange reserves, remittances, and exports increased.

The trade deficit decreased, and the Pakistani rupee strengthened against the dollar. A new loan program worth 7 billion dollars was secured from the IMF under strict conditions.

In 2024, the federal government’s domestic debt increased while foreign debt decreased.

Inflation, which had reached a record 38% in the previous year, dropped to its lowest level in six and a half years, standing at 4.9%.

As a result of lower inflation, the State Bank of Pakistan reduced the policy rate from 22% to 13% since June, which is expected to further stimulate economic activities and reduce production costs.

This year, Pakistan recorded a current account surplus of 690 million dollars, the highest in nearly ten years, marking the second-highest surplus in the country’s history.

In the first quarter of the current fiscal year, Pakistan’s budget turned surplus for the first time in 24 years, with a surplus of 1.7 trillion rupees.

Pakistan’s total foreign exchange reserves increased by nearly 4 billion dollars. The Pakistani rupee appreciated by three rupees against the dollar during the year.

Pakistan also succeeded in increasing exports and remittances while keeping imports under control.

The government expects record remittances and exports for the current fiscal year.

Saudi Arabia extended the deposit term for 3 billion dollars for another year. Additionally, a new 7 billion dollar loan program with the IMF was finalized, spanning 37 months.