ISLAMABAD: Pakistan’s economic growth rate for the fiscal year 2025-26 has been revised downward by 0.05 percentage points to 3.65%, compared with the initial estimate of 3.70%, according to figures released by the National Accounts Committee (NAC).
The committee reported that the country’s economy reached Rs12.64 trillion, equivalent to $450.4 billion, while per capita income stood at Rs531,897, or $1,896.
The revised figures show that Pakistan’s economic growth varied considerably across the four quarters of fiscal year 2025-26.
Economic growth stood at 3.89% in the first quarter before rising to 4.31% in the second quarter. It increased further to 4.42% in the third quarter, but slowed sharply to 2% in the final quarter.
The weaker performance in the last quarter came despite stronger growth in the preceding three quarters, contributing to the revised annual growth rate of 3.65%.
Agriculture sector records 3.5% growth
The agriculture sector recorded growth of 3.50% during fiscal year 2025-26, according to the National Accounts Committee. Within agriculture, major crops grew by 1.59%, while other crops recorded a higher growth rate of 4.28%.
The forestry sector posted growth of 10.80%, making it one of the stronger-performing areas in the reported figures. Meanwhile, the fisheries sector recorded growth of 1.39%.
Industrial growth revised downward
The industrial sector recorded growth of 3.34% in fiscal year 2025-26, lower than the previous estimate of 3.51%.
Large-scale manufacturing also saw its growth estimate revised downward, falling from 6.11% to 5.01%, indicating a weaker performance than previously reported.
However, the mining sector showed improvement, with its growth rate rising from a contraction of 0.38% to positive growth of 1.52%.
The construction sector also performed better than initially estimated, recording growth of 6.30%, compared with the earlier figure of 5.73%.
In contrast, electricity, gas and water supply recorded negative growth of 10.24%, highlighting a significant contraction in the sector.
Services sector posts 3.81% growth
The services sector recorded growth of 3.81% during fiscal year 2025-26, exceeding the growth rates reported for both agriculture and industry.
Information and communication emerged as a strong-performing segment, recording growth of 9.53%. The transport and warehousing sector grew by 3.23%, while finance and insurance recorded growth of 4.23%.
The figures reflect differing performance across services, with information and communication expanding at a substantially faster pace than transport and warehousing.
Pakistan’s economy reaches $450.4bn
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The National Accounts Committee put the size of Pakistan’s economy at Rs12.64 trillion, or $450.4 billion, for fiscal year 2025-26.
Per capita income was recorded at Rs531,897, equivalent to $1,896. These figures provide an overview of the economy’s overall size and income per person alongside the revised annual growth estimate.
The latest revision also includes updated national accounts figures for the previous fiscal year.
The National Accounts Committee has also released revised figures for fiscal year 2024-25, setting Pakistan’s economic growth rate for that period at 3.11%.
