Pakistan, March 26 -- The government announced on Wednesday that Pakistan's GDP growth rate for the second quarter of FY2024-25 reached 1.73%. This positive growth came despite ongoing challenges. The National Accounts Committee also revised the first quarter GDP estimate up to 1.34%, from 0.92%, due to stronger-than-expected growth in the services sector.

The update was released just hours after Pakistan secured a deal with the International Monetary Fund (IMF) for $1.3 billion in new financing. The IMF praised Pakistan's progress toward improving macroeconomic stability, offering support for future economic recovery.

Pakistan's central bank maintained its full-year GDP growth target at 2.5% to 3.5%. The bank expects economic activity ...