Different sectors of Pakistan's economy have witnessed positive trajectory during the outgoing fiscal year 2023-24 due to prudent policies of the government.

According to Economic Outlook report of Finance Division, the agriculture sector witnessed an overall growth of 6.3 percent with strong quarterly growth rates during the fiscal year 2023-24. 

The foreign investment during July-May 2023-24 recorded an inflow of 1.2 billion dollars as against 0.5 billion dollars of previous fiscal year.

The total foreign exchange reserves increased to 13.1 billion dollars this month while net federal revenues grew by 51 percent to reach 5627.5 billion rupees against 3715.3 billion rupees last year. 

The Consumer Price Index inflation reached its lowest level in 30 months and was recorded at 11.8 percent last month, showing a significant decline from 38.0 percent in the same month of last year. 

Large scale manufacturing sector experienced moderate growth of 0.45 percent during July-April of fiscal year 2023-24, marking an improvement of 8.8 percent as compared to same period of last fiscal year.

The current account posted a deficit of 0.5 billion dollars during Jul-May 2024 as against a deficit of 3.8 billion dollars last year, largely reflecting an improvement in trade balance. 

The performance of Pakistan Stock Exchange (PSX) also remained upbeat during last month with KSE-100 index continuing its bullish trend and closing at 75,878 points.  

Inflow of remittances in July-May2023-24 recorded an increase of 7.7 percent at 27.1 billion dollars as compared to 25.1 billion dollars last year.