Pakistan Posts Highest-Ever Primary Surplus in FY25

Pakistan posted its highest-ever primary surplus in the last fiscal year (FY25), coming in at Rs. 2.7 trillion, equivalent to 2.4 percent of GDP. The second consecutive primary surplus posted by the country marks an improvement in fiscal management. In note, brokerage house Arif Habib Limited (AHL) said the consecutive primary surplus is a sharp turnaround from the persistent primary deficits observed from FY08 to FY23. The positive trend reflects ongoing fiscal consolidation efforts, improved revenue collection, and controlled expenditure, the brokerage house added.