The Gregorian calendar is not the most ideal litmus test of progress. However, it does provide a meaningful scale to analyse the highs and lows of a state’s journey. As we wrap up 2024, we need to look back and reflect on the events that have shaped the passing year. Like every year, 2024 brought along challenges and opportunities.

On the economic front, the concluding months of 2023 showed improvements in overall economic indicators. This trend continued in 2024. Inflation figures witnessed a relative decline, dropping to 4.9 per cent, signalling a slight relief after grappling with towering statistics last year.

The Pakistani rupee has also remained stable against the US dollar, leading to consumer confidence in the market. Fiscal surplus for the first time in 24 years also marked a milestone. Similarly, in April, the inflow of Foreign Direct Investments (FDI) increased by 172 per cent on a year-on-year basis – the highest monthly FDI inflow in 51 months.

In the defence, aerospace and technology realms, there were noteworthy advancements. The early part of the year witnessed the induction of the J-10C series, accompanied by indications of potential acquisitions of J-31 and J-35 aircraft. Pakistan achieved a milestone in space exploration by launching its first lunar satellite, i-Cube-Qamar, and the multi-mission communication satellite, PakSAT-MM1, in collaboration with China. Moreover, Pakistan also emerged as the ‘Tech Destination of the Year’ at GITEX Global 2024, Dubai, highlighting its advancements in digital services and innovation.........

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