In the first half of the fiscal year 2023-24, Pakistan’s economy has achieved significant milestones, showcasing robust growth and positive trends

1. PR Earnings Soar: Public Relations earnings have surged in the first half of F23-24, reflecting increased confidence and success in the corporate sector.

2. PSX Records Highest Single-Day Gain: The PSX has started 2024 on a high note, achieving its highest single-day gain, surging by an impressive 2,200 points.

3. Export Success in Transport Services: Pakistan earned $372.930 million by exporting transport services in the initial four months.

4. Digital Collaboration with UAE: Pakistan and the UAE are set to sign an MoU for a Digital Government Experience Exchange Program, underlining the nation’s commitment to technological advancements.

5. CPEC Milestones Acknowledged: The completion of 36 projects under the China-Pakistan Economic Corridor (CPEC) has been informed to the Senate.

6. Exports to China Surge: Pakistan’s exports to China have surged by an impressive 39.44% in the first five months.

7. Trade Deficit Significantly Shrinks: The trade deficit has reduced by over 34% to $11.15 billion in the first six months of FY24.

8. Increase in Machinery Imports: Machinery imports have risen by 6.36%, signaling increased industrial activity and investment in technological infrastructure.

9. Trade Deficit Continues to Fall: From July to December, the trade deficit has fallen by 34.29% year-on-year, reaching $15 billion.

10. Exports Surge in December: December witnessed a substantial 22% jump in exports.

11. Cement Sales Rise: Half-yearly cement sales have risen by 10%, reflecting a robust construction and infrastructure development sector.

12. China’s Support in Agriculture Modernization: China’s commitment to helping modernize Pakistan’s agriculture sector is a positive step towards sustainable growth.

13. Bond Rally Signals Optimism: Pakistan’s bond market is experiencing a rally, with optimism extending into 2024, driven by expectations related to IMF support.

14. Cotton Arrivals Reach Record Levels: Cotton arrivals reached 8.17 million bales as of December 31, leading to a surge in prices by Rs1,500 per maund.

15. Sindh’s Land Corporatization for Economic Growth: Corporatizing Sindh’s land is expected to contribute to both food security and overall economic prosperity.

16. Budget Deficit Reduced: The budget deficit has been reduced to 0.8% of the GDP, showcasing prudent financial management.

17. Surge in Food Exports: Pakistan’s food exports have surged by an impressive 64% during the first half of FY23.

18. Copper Exports to China Cross $1 Billion: Exports of copper to China have crossed a significant financial milestone, reaching $1 billion.

19. UN Predicts 2% Growth in 2024: The United Nations projects a 2% economic growth for Pakistan in 2024.

20. Record Inflows in Equities: Equities have witnessed a record $65 million inflow in December.

21. IMF Support on the Horizon: The IMF Executive Board is set to approve a substantial $700 million for Pakistan next week.

22. PSX’s Strong Start in the New Year: The Pakistan Stock Exchange has initiated the new year with a strong rally, gaining over 2,200 points.

23. SIFC Takes on Illegal Activities: The Securities and Exchange Commission of Pakistan (SECP) is ready to combat smuggling and hoarding, ensuring market transparency.

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