Pakistan’s Economy Expands Significantly with Record GDP Growth and Rising Per Capita Income
Pakistan’s economy has recorded substantial growth in the current fiscal year, with the country’s GDP increasing by $39.3 billion to reach $410.96 billion, according to data from the Ministry of Planning and Development. This growth marks a significant rise from last year’s GDP of $371.66 billion.
Measured in Pakistani rupees, the economy’s size surged to Rs114.7 trillion, up from Rs105.1 trillion in the previous fiscal year, reflecting a strong nominal GDP increase.
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Per capita income also improved, rising to Rs509,174 from Rs475,281, although it remained below the government’s target of Rs543,968. In dollar terms, per capita income grew by $144, increasing from $1,680 to $1,824.
Economists view this expansion as a positive sign for Pakistan’s economic health, while noting ongoing challenges such as inflation, employment, and the need for structural reforms.
