Pakistan’s economic growth for the fiscal year 2025-26 has been revised to 3.65%, down by 0.05 percentage points from the initial projection of 3.70%, according to data released by the National Accounts Committee (NAC).
The committee stated that the country’s economy was valued at Rs12.64 trillion, equivalent to $450.4 billion, while per capita income was recorded at Rs531,897, or $1,896.
The updated data indicates that Pakistan’s economic performance fluctuated significantly throughout the four quarters of fiscal year 2025-26.
Growth reached 3.89% in the first quarter and accelerated to 4.31% in the second quarter. It climbed further to 4.42% in the third quarter before falling considerably to 2% in the final quarter.
Despite the stronger growth recorded during the first three quarters, the sharp slowdown in the last quarter weighed on the overall performance, resulting in the annual growth rate being revised to 3.65%.
Agriculture Sector Posts 3.5% Growth
According to the National Accounts Committee, Pakistan’s agriculture sector expanded by 3.50% in fiscal year 2025-26. Among its subsectors, major crops registered growth of 1.59%, whereas other crops performed better, recording an increase of 4.28%.
Forestry experienced a growth rate of 10.80%, emerging as one of the strongest-performing sectors in the reported data. In comparison, the fisheries sector grew by 1.39%.
Industrial Sector Growth Forecast Revised Lower
Pakistan’s industrial sector expanded by 3.34% in fiscal year 2025-26, down from the earlier estimated growth rate of 3.51%.
The growth projection for large-scale manufacturing was also reduced, declining from 6.11% to 5.01%, reflecting a weaker performance than initially anticipated.
Meanwhile, the mining sector recorded an improvement, moving from a contraction of 0.38% to positive growth of 1.52%.
Construction activity also exceeded its previous estimate, with the sector posting growth of 6.30% against the earlier projection of 5.73%.
However, electricity, gas and water supply experienced a substantial downturn, registering negative growth of 10.24%.
Services Sector Records 3.81% Growth
Pakistan’s services sector grew by 3.81% in fiscal year 2025-26, outperforming both the agriculture and industrial sectors during the period.
Information and communication was among the best-performing segments, posting growth of 9.53%. Meanwhile, the transport and warehousing sector expanded by 3.23%, while finance and insurance registered a growth rate of 4.23%.
The data highlights varying levels of performance across the services sector, with information and communication achieving considerably stronger growth than transport and warehousing.
Pakistan’s Economy Valued at $450.4 Billion
According to the National Accounts Committee, Pakistan’s economy was valued at Rs12.64 trillion, equivalent to $450.4 billion, in fiscal year 2025-26.
The country’s per capita income stood at Rs531,897, or $1,896. These figures outline the overall size of Pakistan’s economy and average income per person, alongside the revised annual economic growth rate.
The latest update also incorporates revised national accounts data for the previous fiscal year.
The National Accounts Committee has updated its figures for fiscal year 2024-25 as well, placing Pakistan’s economic growth rate for that period at 3.11%.
