smartcybers786@gmail.com 
#Journey #prosperous #Pakistan #Political #Economy
Remi Minister Muhammad Shahbaz Sharif’s comments regarding bilateral relations with Pakistan’s economic direction and Turkish highlight the flexibility and commitment to strategic partnerships. His view of expanding trade with Turkey aligns Pakistan’s wider economic goals and ongoing reforms up to $ 5 billion.
The country’s economic progress, as described in detail in the state of Pakistan in 2025, reflects the recent recovery from the recession, and such an inspirational trade targets are insightful.
Pakistan’s economic environment has shown incredible improvement after efforts to stability in the financial year 2024. After facing 0.2 % contraction in the financial year 2023, the GDP growth increased to 2.5 percent in the financial year 2024, causing the foundation to continue to pace. In the first quarter of the financial year 2025, GDP growth was 0.92 percent, which indicates gradual growth despite a slow pace over the previous year. The key sectors, especially agriculture and services, have played a key role in this recovery. Although the industrial sector has been a cause for concern, with less than 4.43 % in fiscal year 2024 – up to 1.03 %, these data suggest the overall way to stability.
The external sector has seen significant improvement, which has created a conducive background to expand trade with Turkey. The Balance of the Current Account recorded an additional $ 1.21 billion in the first half of the financial year 2025, which is exactly the same in the same period last year. This change was driven by a 32.8 % increase in remittances, which reached .8 17.8 billion and a flexible performance of exports.
Textile exports, which account for 53 % of the total export revenue, increased by 5.2 % to $ 8.6 billion, with a strong demand for netware and clothing. Strengthening trade relations with Turkey can further enhance Pakistan’s exports and make its trade portfolio diversify.
Foreign direct investment (FDI) has also played a key role in Pakistan’s economic progress. In the first half of the financial year 2025, the arrival of the FDI increased by 20 %, which reached $ 1.329 billion. The main partnership took place from China, Hong Kong and the UK. Energy and financial sectors attracted the most investment. This growing confidence of investors shows the positive effects of the ongoing economic reforms.
However, it is necessary to tackle key structural challenges to achieve the $ 5 billion dollar trading target. The industrial sector has become an important area for interference, especially the sub -sectors such as mining, excavation and construction.
The construction sector signed a 14.91 percent contract in the first quarter of the financial year 2025, which reflects domestic demand and increasing input costs. Targeted targeted targeted targeted targeted, infrastructure investment and measures can be addressed.
The five -year economic change plan, and these Pakistan are compatible with these goals by emphasizing the Initiative, export growth, digital change and climate flexibility. The move is aimed at increasing exports of exports to 60 billion, focusing on it, engineering and agricultural products, while renewable energy shares are increased by 10 % of the energy mixture. These goals reflect a widespread change towards a diverse and sustainable economic model. The development of the services sector, especially the Information and Communications industry, is playing a vital role in this transfer, service exports increased by 6.8 percent to $ 4.05 billion in the first half of the financial year 2010.
Improvement of inflation and monetary policy is further supported by economic stability. Inflation, which reaches 29.2 % in FY 2023, was significantly 7.2 percent in the first half of the fiscal year 2025, which helped stable exchange rates, including global commodity prices and government policies. Target.
The State Bank of Pakistan has responded by reducing the policy rate by 12 % by January 2025, the move is expected to increase business confidence and support economic activity. This appropriate financial stand is in line with the government’s wider economic agenda, which creates a suitable environment for sustainable development.
Despite the positive indications, there are many challenges. Continuous structural reforms, investment in key industries and efforts to increase export competitiveness will be needed to maintain economic pace.
Financial discipline has been the basis for Pakistan’s economic rehabilitation. The fiscal deficit was 0.04 % of GDP in the first half of the fiscal year 2025, which is a significant improvement with a 1.3 % deficit recorded in the same period last year. Financial stability is maintained by the increase in income supported by tax and non -tax revenue. As a result of reforms in public debt management, the proportion of GDP has decreased by 67.5 %, which is the lowest level in five years. These progress show the government’s long -term financial stability and economic flexibility.
Despite the positive indications, there are many challenges. Continuous structural reforms, investment in key industries and efforts to increase export competitiveness will be needed to maintain economic pace. The government will also have to focus on improving infrastructure, smooth regulations and promoting innovation to promote economic growth.
The purpose of the government can stabilize economic partnerships, as is considered with Turkish, can act as a catalyst to increase trade and attract more investment.
To ensure sustainable progress, the government should adopt a multi -dimensional approach to economic policy. Industrial growth for manufacturers should be preferred and stimulated, especially high -cost industries such as technology, automotive and pharmaceuticals.
Improving education and vocational training will be necessary for the modern economy to equip the workforce. To provide easy access to credit for small and medium -sized businesses (SMEs), the banking sector should also take advantage of the banking sector, which is an essential driver of economic growth.
An important challenge to solve is energy protection. Pakistan has long been struggling with unstable energy supply. This disrupts industrial productivity and prevents foreign investment. Increasing the renewable energy sector, as highlighting the Uran Pakistan move, will help reduce the dependence on fuel and create more sustainable infrastructure. Public private partnerships should be encouraged to fund large energy projects, to ensure stable progress toward energy self -sufficiency.
In order to maintain investors’ confidence, it will be necessary to strengthen governance and tackle corruption. Transparent rules and effective processes will create an environment where businesses can develop. Digitalization of government services and tax collection systems can further improve performance and reduce leakage in public income.
Pakistan’s geographical location gives it an opportunity to become an important trading center in the region. China -Pakistan can increase relations with neighboring countries and enhance economic cooperation by benefiting economic transit and other measures. The development of modern infrastructure, including ports, highways and logistic networks, will be necessary to facilitate international trade and attract global business.
Pakistan’s economic approach reflects a mixture of progress and challenges. Although key sectors have shown flexibility, industrial and technological developments will need strategic reforms and continuous investment to achieve sustainable growth. Uran Pakistan Initiative and Targeted policy measures provide a roadmap for economic change. By promoting strategic partnerships, enhancing export competitiveness and ensuring economic stability, Pakistan can advance the complexity of the global economy and achieve long -term prosperity.
The government’s commitment to tackle structural instability, investment in key industries and maintain financial discipline must ensure that economic growth is included and sustainable. With the clear vision and the permanent implementation of reform, Pakistan is in a well -positioned position to strengthen its economic position and secure a prosperous future.
Dr. Ikramol Haq, the author and the Supreme Court’s lawyer, is an affiliated teacher in the Lahore University of Management Sciences.
Abdul Rauf Shakuri is a corporate lawyer based in the United States
