- Mining, real estate, energy, and space exploration signal Pakistan’s ambitious, multi-sector economic transformation
Pakistan’s economy has shown some resilience and potential for growth, despite facing challenges. Some of the key takeaways from Pakistani economy are as under:
Current Account Balance
Pakistan recorded a $2.1 billion current account surplus in FY2024–25, the first in 14 years, driven by record remittances, strong textile and IT export growth, and improved fiscal management. In June 2025, the surplus reached $328 million, reversing prior deficits. Remittances surged 27% to $38.3 billion, textile exports rose 7.4%, and IT exports grew 18% to $3.8 billion. Experts credit structural reforms and incentives for channeling remittances through official means. The development signals a positive shift in Pakistan’s economic trajectory.
Per capita income
Pakistan per capita income significantly increased by $162 to $1,824 in FY25 from $1,662 in FY2024-25.
Energy
The Dasu Hydropower Project, with an installed capacity of 4,320 MW, is on track to begin electricity generation in 2027. This run-of-river project, located on the Indus River in Khyber Pakhtunkhwa, Pakistan, is being developed in two stages, with Stage-I (2,160 MW) currently under construction. The project is a priority under Pakistan’s Power Policy 2013 and Vision 2025, aiming to increase the country’s reliance on clean, affordable, and sustainable energy. The initial stage will involve the construction of six units, each with a capacity of 360 MW, and is expected to generate 12,222 GWh of electricity annually. The project is expected to significantly contribute to Pakistan’s energy needs and economic stability.
Blue Economy
Pakistan is set to earn $200 million through tuna exports after securing a 25,000-tonne quota from the Indian Ocean Tuna Commission (IOTC), which includes Yellowfin and Skipjack tuna. The government has introduced key reforms such as the National Fisheries and Aquaculture Policy and is promoting longline fishing to reduce bycatch. These efforts aim to modernize the fisheries sector and strengthen Pakistan’s presence in international seafood markets. Pakistan’s seafood exports rise to $465 Million in FY 2024-25.
Exports
- Pakistan exported rice worth $3.203 billion in FY 2024-25. In another news, Pakistan has won the battle for ownership of Basmati rice against India in the global market, in a major blow to India which has been rebranding Pakistani rice as its own.
- Pakistan’s textile exports reached $1.444 billion in April 2025, showing an 11.11% increase compared to April 2024.
- Information technology has become the fastest-growing export industry of Pakistan – and the country is set to achieve $4 billion in its IT exports for FY25; i.e., July 2024 – June 2025.
- Pakistan’s footwear exports saw a significant growth of 15.48% in the first eight months of the 2024-25 fiscal year, reaching $126.413 million (over Rs. 35 billion) compared to $109.465 million during the same period last year. Leather footwear exports led the increase, rising by 14.94%, while canvas footwear and other footwear products also saw growth. February 2025 recorded an 11.57% rise in exports compared to February 2024, despite a slight month-on-month decrease in overall exports from January. The surge highlights Pakistan’s growing presence in the global footwear market.
Steel Mill
In a major development, Russia has emerged as the frontrunner in reviving the long-dormant Pakistan Steel Mills (PSM), marking a new phase of industrial collaboration between Islamabad and Moscow.
Real estate
China’s large-scale investment near Karachi is set to transform the region into a real estate hotspot. The $3 billion Karachi Coastal Development Zone, a $1 billion medical city in Dhabeji, and a 1,500-acre industrial park at Pakistan Steel Mills are part of the broader CPEC vision. These developments promise to reshape Pakistan’s property market, attract global investors, and drive long-term value in areas like Port Qasim, Bin Qasim, and Korangi Creek.
Mining
A game-changing $5.6 billion investment will tap into Balochistan’s vast natural wealth, extracting 13.1M tons of copper and 17.9M oz of gold, collectively valued at $183B. This marks a historic turning point in Pakistan’s economic landscape, positioning Balochistan as a global mining hub.
Agriculture
In a historic achievement for Pakistan’s agriculture sector, Loralai—a district in Balochistan—has earned a silver medal at the prestigious New York International Olive Oil Competition, the world’s largest event of its kind. Out of over 1,200 entries from across the globe, Loralai Olives distinguished itself with its premium-quality product, bringing global recognition to Pakistan’s emerging olive oil industry.
Space Mission
Pakistan has officially announced plan to launch its first ever lunar mission by2035 marking a historic milestone in the country’s space journey. This ambitious step signals the beginning of a new era in space exploration for Pakistan, as it aims to enhance its technological capabilities, join the global space community and inspire scientific innovation and research across the nation.