Pakistan’s macroeconomic conditions improved during the first half of fiscal year 2024, the State of Pakistan’s economy report for the first half of FY24 released on Tuesday said. The report said the real GDP, driven by agriculture sector, grew by 1.7 percent in the first half of FY24 compared to 1.6 percent in the same period in FY23, and a contraction of 1.9 percent in the second half of FY23. The report contains the analysis prepared on data outturns for the July-December FY24. According to the report, the real economic activities moderately recovered against the contraction last year, while Stand-By Arrangement (SBA) with the International Monetary Fund (IMF) helped reduce stress on external account. (Business Recorder)
15/5/2024