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In FY23–24, Pakistan’s per capita income increased to $16680.

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The size of the US economy grew from $341 billion to $375 billion in the current fiscal year, according to figures made public by PBS.

This fiscal year, Pakistanis’ yearly per capita income increased by Rs 90,534; the monthly rise was Rs 7,544.

The official document also said that Pakistan’s per capita yearly income for the year was Rs 475,281, up from Rs 384,747 for the previous year.

The annual income per capita increased by $129 in US dollars.

Pakistanis’ per capita income for the current fiscal year was $1,680 in US dollars, down from $1,551 for the previous fiscal year.

In local currency, the size of the national economy expanded by Rs22,170 billion.

The study cited double-digit inflation as one of the factors contributing to the economy’s notable expansion.

See also: Ahsan Iqbal: Pakistan wants to grow its economy to $3 trillion by 2047.

Pakistan wants to have a $3 trillion economy by 2047, according to Federal Minister for Planning and Reforms Ahsan Iqbal, who made this announcement in April. He also called for more public-private cooperation and a more simplified regulatory environment.

He highlighted the current favorable time for foreign investments in Pakistan, including large promises from China and Saudi Arabia, and stated, “Pakistan is poised to become a $3 trillion economy by 2047, bolstered by a targeted growth rate of 9%.”

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