In fiscal year 2024, Pakistan’s economy significantly improved, and recovery is indicated by important indicators. From $26.8 billion in 2022 to $30.645 billion in 2023, exports grew. From $58.9 billion in 2022 to $54.734 billion in 2023, imports fell.
Production in the agricultural sector increased significantly, rising from 4.40% in 2022 to 6.25% in 2024. Reserves of foreign currency increased to $14.7 billion from $10.9 billion in 2022.
Important crops yields improved for cotton, rice, and wheat. Sales of tractors rose by 47%. 50 billion rupees in subsidies were allotted by the government to keep low-income users’ electricity costs from rising.
A 26% rise in agricultural loans to 1,972.8 billion rupees made it easier to employ contemporary technology. 83.683 was made available through the Prime Minister’s Youth Business and Agriculture Loan Scheme.
