Pakistan's Economic Recovery Continues Despite Higher Debt Costs
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Debt servicing costs increased 45% in Q1 to Rs1.4 trillion due to high interest rates and weaker rupee.
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Total expenditures grew by 20.1% in Q1 FY2024, with higher markup payments increasing by 63.5%.
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Tax collection in Q1 exceeded expectations, driven by new tax measures and economic revival.
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Production of major crops like cotton and rice posted strong growth in 2023-24.
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Current account deficit declined 58% in first 3 months due to normalization of trade and investment.