ISLAMABAD: Pakistan’s economy grew 2.09% in the third quarter of the financial year 2023-2024, supported by higher growth in agriculture, the Pakistan Bureau of Statistics said in a press release on Tuesday.

The estimated provisional growth rate of gross domestic product (GDP) for the financial year ending June 2024 is 2.38%, the bureau said in a statement. That compares with a revised 0.21% economic contraction in the 2023 year when political unrest, a combination of tax and gas tariff hikes, controlled imports, and a steep fall in the rupee currency rapidly pushed up inflation.

Last week in its half yearly report, Pakistan’s central bank projected real GDP growth of 2-3% for the fiscal year 2024.

There was no comparable year-ago third quarter GDP data as Pakistan only began releasing quarterly growth numbers from November. That was done in compliance with the structural benchmarks of the current $3 billion bailout program agreed with the International Monetary Fund and completed last month.

The bureau revised the first and second quarter GDP estimates for financial year 2023-2024 to 2.71% and 1.79% respectively, compared to earlier estimates of 2.5% and 1%.

The provisional 2024 financial year growth in agriculture was estimated at 6.25%, and 1.21% for both industry as well as services, it added.

“The healthy growth of agriculture is mainly due to double-digit growth in important crops,” the bureau said, adding that bumper crop of wheat, cotton, and rice contributed to the positive result.

ISLAMABAD: A spokesperson for Pakistan’s religion ministry said on Tuesday 26,711 Pakistani pilgrims have arrived in Saudi Arabia ahead of next month’s Hajj, less than two weeks after the country kicked off its pre-Hajj flight operations to the Kingdom. 

This year, around 179,210 Pakistanis will perform Hajj under both the government and private schemes, for which a month-long flight operation started on May 9. This year’s pilgrimage is expected to run from June 14-19.

“Through 109 flights, 26,711 Pakistani Hajj pilgrims have reached Saudi Arabia,” a spokesperson of the Religious Affairs (MoRA) said in a statement. “After an eight-day stay in Madinah, the first convoy of 6,011 Hajj pilgrims has left for Makkah.”

The spokesperson said over 1,000 Hajj pilgrims have arrived in Saudi Arabia through the private scheme, adding that 336 assistants or “Hajj Moavineen” have been deployed to help Pakistani pilgrims, and ensure their pilgrimage remains a hassle-free one. 

He said Pakistan’s Religious Affairs Minister Chaudhry Salik Hussain visited the residences of Pakistani Hajj pilgrims in Makkah recently and also reviewed arrangements for their food and travel in the holy city. 

“Federal Minister for Religious Affairs Chaudhry Salik Hussain is expected to hold an important meeting with his Saudi counterpart today,” the spokesperson said. 

Hajj is one of the five pillars of Islam and requires every adult Muslim to undertake the journey to the holy Islamic sites in Makkah at least once in their lifetime, provided they are financially and physically able to do so.

Pilgrims from Pakistan’s southern port city of Karachi are availing the Makkah Route Initiative facility for the first time. Launched in 2019, the initiative allows for the completion of immigration procedures at the pilgrims’ country of departure. 

This makes it possible to bypass long immigration and customs checks upon reaching Saudi Arabia, which significantly reduces the waiting time and makes the entry process smoother and faster.