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19:13 May 09, 2026
Minister for Finance and Revenue Senator Muhammad Aurangzeb on Saturday said Pakistan’s economy continued to show signs of recovery despite ongoing regional tensions, citing strong growth in large-scale manufacturing, exports, remittances and foreign investment inflows. Addressing a news conference alongside Minister for Petroleum Ali Pervaiz Malik, the finance minister said the country’s large-scale manufacturing (LSM) sector recorded 11 per cent year-on-year growth in April, while cumulative growth during the first nine months of the current fiscal year stood at 6.5pc. He said the government expected the GDP growth rate to remain close to 4pc during the current fiscal year, compared to 3.1pc last year. Exports have grown by 9pc month-on-month and 14pc year-on-year, driven by value-added textiles, IT and other sectors, he said, adding that the export growth was broad-based. Highlighting overseas inflows, Aurangzeb said remittances reached $3.5 billion in April after touching $3.8bn in March during Ramazan, d...