ISLAMABAD: Finance Minister Muhammad Aurangzeb is unveiling the Economic Survey of Pakistan 2023-24, which is a pre-budget document containing the details of socio-economic indicators during the outgoing fiscal year.
The survey comes ahead of the federal budget 2024-25, slated to be presented on June 12 (Wednesday).
“Pakistan rupee depreciated by 29% and the foreign exchange reserves went down to two weeks of import cover in fiscal year 2022-23 that is where we started off,” said the finance minister at the start of his press conference.
. The rate of economic growth is 2.38% record. The inflation rate is at the lowest level in 30 months. It has reached 11.8%. Per capita income is 129 dollars with an increase of 1680 dollars. 6. 25% increase in the agricultural sector.
During the first 10 months of the outgoing Fiscal Year, the current account deficit was reduced by 94.8%. Remittances were increased by three and a half percent. Foreign investment increased by 8.1 percent.
