The first half of the current fiscal year saw notable gains in key economic indices, according to the State Bank of Pakistan’s (SBP) semi-annual report on the condition of the economy.
The report claims that Pakistan’s economic status has significantly improved, helped by a balanced approach to monetary policy, the successful execution of the International Monetary Fund (IMF) program, and a drop in the price of commodities globally. All of these elements worked together to lessen inflationary pressures nationwide.
However, the report noted that real GDP growth slowed during that time, mostly as a result of a decline in industrial activity and a decrease in the output of key Kharif crops. Other vital industries showed an encouraging pace in spite of this growth slowdown.
