Appraisal of Pakistan’s Economy

This economic brief outlines a cautiously optimistic recovery for Pakistan’s economy following a contraction in FY23. The GDP growth rate rebounded to 2.4% from -0.2%, driven predominantly by a robust agricultural sector which expanded by 6.25%. This resurgence highlights Pakistan’s reliance on its agricultural base, particularly noting significant increases in the production of key crops like cotton, rice, and wheat.