Markets Actual Q1 Q2 Q3 Q4 2023
Currency 176.60 177 177 178 179 180
Stock Market (points) 45083.04 43902 42812 41750 40715 38720
Government Bond 10Y (%) 11.12 11.68 11.8 11.92 12.04 12.29

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 3.94 4 4 4 4 4.5
Unemployment Rate (%) 4.40 4.7 4.7 4.7 4.7 4.5
Inflation Rate (%) 12.30 13 12 9.9 9 8
Interest Rate (%) 9.75 11 11.5 11.75 11.75 12
Balance of Trade (PKR Million) -863404.00 -951176 -1098064 -274856 -895730 -799740
Current Account (USD Million) -3400.00 -4919 -5346 -5045 -4900 -2112
Current Account to GDP (% of GDP) -0.60 -3.8 -3.8 -3.8 -3.8 -2
Government Debt to GDP (% of GDP) 87.00 83 83 83 83 78
Government Budget (% of GDP) -8.10 -5 -5 -5 -5 -4
Consumer Confidence (points) 37.96 36.5 42 44 44 48
Corporate Tax Rate (%) 29.00 29 29 29 29 33
Personal Income Tax Rate (%) 35.00 35 35 35 35 37

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 3.94 4 4 4 4 4.5
GDP (USD Billion) 263.69 292 292 292 292 292
GDP Constant Prices (PKR Million) 13777357.00 15078844 14328451 14328451 14328451 14887261
Gross National Product (PKR Million) 15262040.00 15876089 15872522 15872522 15872522 16491550
Gross Fixed Capital Formation (PKR Million) 1910389.00 2274291 1986805 1986805 1986805 2064290
GDP per capita (USD) 1465.89 1250 1250 1250 1250 1250
GDP per capita PPP (USD) 4622.77 4680 4680 4680 4680 4680
GDP From Agriculture (PKR Million) 2502181.00 2689745 2602268 2602268 2602268 2703757
GDP From Construction (PKR Million) 340146.00 395002 353752 353752 353752 367548
GDP From Manufacturing (PKR Million) 1667362.00 1917772 1734056 1734056 1734056 1801685
GDP From Mining (PKR Million) 309823.00 396900 322216 322216 322216 334782
GDP From Services (PKR Million) 8041169.00 8544035 8362816 8362816 8362816 8688966
GDP From Transport (PKR Million) 1588101.00 1831361 1651625 1651625 1651625 1716038

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 4.40 4.7 4.7 4.7 4.7 4.5
Employed Persons (Thousand ) 61710.00 60500 60500 60500 60500 61500
Population (Million) 221.00 230 230 230 230 233

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 12.30 13 12 9.9 9 8
Consumer Price Index CPI (points) 158.16 162 162 166 172 186
Core Inflation Rate (%) 8.30 5.5 4.1 4.1 6.5 6.5
GDP Deflator (points) 346.29 391 388 381 377 408
Producer Prices (points) 189.09 184 172 184 199 208
Inflation Rate Mom (%) -0.02 0.5 0.1 0.6 0.2 0.7
Food Inflation (%) 10.33 10 4 4 4 4
CPI Transportation (points) 172.35 173 173 174 175 176
Producer Prices Change (%) 26.20 13 5 5 5 5

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 9.75 11 11.5 11.75 11.75 12
Interbank Rate (%) 11.10 12.35 12.85 13.1 13.23 13.23
Money Supply M2 (PKR Million) 23932944.00 22839649 23032752 23032752 23418958 24193447
Deposit Interest Rate (%) 5.58 6.83 7.33 7.58 7.71 7.71
Loans To Private Sector (PKR Million) 5889879.00 5704632 5773092 5940927 6125474 5932817
Foreign Exchange Reserves (USD Million) 24776.90 23071 23175 23175 23383 23799

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (PKR Million) -863404.00 -951176 -1098064 -274856 -895730 -799740
Current Account (USD Million) -3400.00 -4919 -5346 -5045 -4900 -2112
Current Account to GDP (% of GDP) -0.60 -3.8 -3.8 -3.8 -3.8 -2
Exports (PKR Million) 487086.00 606061 670697 663234 696078 438164
Imports (PKR Million) 1350490.00 1557237 1768761 1638088 1591808 1237904
External Debt (USD Million) 127023.00 118000 118000 118000 118500 118500
Remittances (USD Million) 8035.00 6300 6100 6100 6100 6100
Foreign Direct Investment (USD Million) 236.00 163 164 164 167 172
Capital Flows (USD Million) -5705.00 -6900 -8020 -6880 -7430 -5800
Crude Oil Production (BBL/D/1K) 83.00 100 87 85 87 100

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 87.00 83 83 83 83 78
Government Budget (% of GDP) -8.10 -5 -5 -5 -5 -4
Government Budget Value (PKR Billion) -3376.30 -1400 -1400 -4657 -4964 -4964
Government Spending (PKR Million) 1692596.00 1827407 1760300 1760300 1760300 1828952
Government Revenues (PKR Billion) 6272.20 5500 5500 5500 5500 5500
Government Debt (PKR Billion) 39770.70 39415 40064 40064 41361 43975
Fiscal Expenditure (PKR Billion) 9648.50 10464 10464 10464 10464 11057
Military Expenditure (USD Million) 10097.00 12000 12000 12000 12000 12000

Taxes Actual Q1 Q2 Q3 Q4 2023
Corporate Tax Rate (%) 29.00 29 29 29 29 33
Personal Income Tax Rate (%) 35.00 35 35 35 35 37
Sales Tax Rate (%) 17.00 17 17 17 17 17

Business Actual Q1 Q2 Q3 Q4 2023
Industrial Production (%) -1.55 3.5 5.5 5.5 10 10
Manufacturing Production (%) 12.73 3.5 4.1 4.1 8 8
Changes in Inventories (PKR Million) 220438.00 241815 241815 241815 241815 241815
Industrial Production Mom (%) -3.88 2.5 1.5 1.5 1.5 1.5
Cement Production (Thousands of Tonnes ) 4479.00 4300 4100 4100 4000 4000
Electricity Production (Gigawatt-hour) 14229.00 8579 15539 15539 9804 10104

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Confidence (points) 37.96 36.5 42 44 44 48
Consumer Spending (PKR Million) 11242554.00 12231452 11692256 11692256 11692256 12148254
Gasoline Prices (USD/Liter) 0.80 0.76 0.72 0.69 0.65 0.62
Consumer Credit (PKR Million) 954037.00 1039745 1041316 1062198 1086202 1147663
Private Sector Credit (PKR Million) 7067947.00 6881846 6956547 6956547 7105947 7404748


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Pakistan Forecast - was last updated on Friday, January 28, 2022.