Could 20, 2025 (MLN): Pakistan’s Gross Home Product (GDP) has posted a provisional annual progress of two.68% for the fiscal yr 2024-25.

Within the third quarter (Q3), GDP grew by 2.40%, pushed by sturdy efficiency within the providers sector (3.99%) and average progress in agriculture (1.18%), regardless of a contraction in business of -1.14%, based on the Nationwide Accounts Committee (NAC).

The committee additionally accredited the revised progress charges of 1.37% for Q1 and 1.53% for Q2 FY25, as in comparison with 1.34% and 1.73% introduced within the earlier NAC assembly.

These revisions have been influenced by up to date information in agriculture, business, and providers.

The up to date progress in agriculture throughout FY25Q1 was revised upward to 0.84% from 0.74%, primarily resulting from an enchancment in different crops (from 0.43% to five.53%) and forestry (from -2.07% to 0.79%).

In Q2, regardless of enchancment in different crops (from 0.73% to five.52%), forestry (from -0.64% to three.18%), and fishing (from 0.79% to 1.63%), a deeper contraction in necessary crops (from -7.65% to -12.09%) led to a downward revision in agriculture progress from 1.10% to 0.79%.

The speed of contraction in business for Q1 was revised downward from -0.66% to -0.91%, primarily resulting from a decline in electrical energy, fuel and water provide (from +1.37% to -2.30%).

Equally, Q2 business progress was revised from -0.18% to -0.99% resulting from electrical energy, fuel and water provide declining from 7.71% to -3.40%.

The revised progress in providers improved barely from 2.21% to 2.28% in Q1, and from 2.57% to 2.59% in Q2, pushed by enhancements in wholesale & retail commerce, transportation & storage, data & communication, and public administration & social safety.

Throughout Q3, agriculture grew by 1.18% with different crops rising by 4.84% resulting from double-digit progress in onion (11%) and mango (26%).

Livestock registered a progress of 4.42%, forestry 4.25%, and fishing 0.50%. Nevertheless, necessary crops continued to say no (-11.14%).

Business contracted by -1.14% in Q3 resulting from unfavourable progress in mining & quarrying (-3.96%), large-scale manufacturing (-0.89%), electrical energy, fuel & water provide (-7.72%), and building (-9.12%).

Providers grew by 3.99% throughout Q3 FY25, with all parts contributing positively: wholesale & retail commerce (1.57%), transportation & storage (0.67%), data & communication (18.44%), finance & insurance coverage (10.65%), public administration & social safety (13.73%), training (4.63%), well being & social work (5.06%), and different non-public providers (2.93%).

The committee additionally accredited the ultimate GDP progress for FY2022-23 at -0.21% and revised progress for FY2023-24 at 2.51%.

In FY2023-24, agriculture improved to six.40% (from 6.18%), business to -1.37% (from -1.65%), whereas providers barely declined to 2.19% (from 2.35%).

The scale of the financial system reached Rs114.7trillion ($411.0 billion) with a per capita revenue of Rs509,174 ($1,824).

General the discussion board appreciated the efforts of Nationwide Accounts staff of PBS and key stakeholders together with Ministry of Planning Improvement and Particular Initiatives, Ministry of Finance and State Financial institution of Pakistan in preparation of quarterly GDP and annual GDP.

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Posted on: 2025-05-20T14:57:20+05:00