One year performance of the Government of Pakistan. #pakistan #government #election

One year performance of the Government of Pakistan. #pakistan #government #election

Over the past year, Pakistan has experienced a mix of economic improvements and ongoing political challenges.

Economic Performance:

GDP Growth: In the fiscal year 2024, Pakistan's GDP grew by 2.4%, with the agriculture sector expanding by 6.3%, and both industry and services sectors growing by 1.2%.

Stock Market: The Pakistan Stock Exchange (PSX) saw significant gains, with the KSE 100 index rising to 78,810 points by June 21, 2024, marking a 79.5% increase since July 2023.

Inflation: Headline inflation showed a downward trend, decreasing to 23.1% in February 2024 from 31.5% in February 2023.

Fiscal Measures: The government initiated discussions with the International Monetary Fund (IMF) for a new three-year program to support the external sector and encourage investment flows.

Political Landscape:

The political environment remained complex, with significant events impacting governance:

Military Involvement: The Pakistan military took on a more pronounced role in various sectors, including infrastructure projects and anti-corruption efforts, due to perceived inefficiencies in civilian governance.

Political Tensions: The arrest and continued influence of former Prime Minister Imran Khan highlighted ongoing political tensions. Despite his imprisonment, Khan's supporters have actively protested, demanding political reforms and the release of detained party members.

Reform Initiatives:

The government undertook several reforms aimed at economic stabilization and growth:

Tax Reforms: Strict fiscal measures were introduced to combat tax evasion, including restrictions on non-taxpayers from purchasing property or opening bank accounts. These reforms were part of the conditions for securing a $7 billion loan from the IMF.

Policy Reforms: The launch of the Pakistan Reforms Report 2025 documented over 120 key reforms implemented since March 2024, focusing on various sectors to drive economic and social development.

In summary, while Pakistan made notable economic strides over the past year, it continues to navigate significant political challenges that impact its governance and development trajectory.

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Видео One year performance of the Government of Pakistan. #pakistan #government #election канала Arshad Hameed