From Dawn · Mubarak Zeb Khan · · 2m
GDP Growth Revised Down to 3.65pc as Pakistan Falls Short
Pakistan's GDP growth revised down to 3.65pc for FY26, missing target amid industrial and services slowdown.
In brief
Pakistan's GDP growth revised down to 3.65pc for FY26, missing target amid industrial and services slowdown. Pakistan's economy grew 3.65pc in FY26, below the 3.70pc target, due to industrial and services sector slowdowns. Originally reported by Dawn.
GDP Growth Revised
The government revised Pakistan's GDP growth for FY26 down to 3.65pc from an earlier estimate of 4pc.
Industrial and Services Slowdown
Industrial and services sector slowdown dragged down economic growth in FY26, causing the revision.
Per Capita Income
Per capita income rose slightly to $1,896 in FY26, the lowest in the region, up from $1,824 in FY25.
Economic Size
The economy grew to $450.4bn in FY26 from $410.96bn in FY25, driven by services sector growth.
GDP Growth Rates
Revised growth rates for agriculture, industry and services in FY26 are 3.50pc, 3.34pc and 3.81pc, respectively.
Multilateral Forecasts
The IMF projected 3.6pc growth for FY26, World Bank 3.7pc, and Asian Development Bank 3.7pc.
National Accounts Committee
The NAC approved revised imports data from FY21 to FY25 and quarterly GDP growth rates for FY26.
Sectoral Performance
Agriculture improved from 0.65pc to 1.59pc due to wheat and maize, while livestock decreased slightly.
Industrial Sector
The mining and quarrying industry improved from 0.38pc to .52pc due to gas, crude oil, and coal.
Services Sector
The services sector growth declined from 4.09pc to 3.81pc in FY26, with positive contributions from all constituents.
Negative Growth Areas
Pharmaceuticals, iron & steel products, chemicals, and leather products posted negative growth in FY26.
Economic Deterioration
The standard of living deteriorated across society due to unprecedented inflationary pressures.
Per Capita Income Trend
Per capita income was $1,551 in FY23, $1,766 in FY22, and $1,677 in FY21, indicating a decline.
Consequence
Pakistan's economy fell short of its GDP target, signaling a slowdown in economic recovery.
The essence
Pakistan's economy grew 3.65pc in FY26, below the 3.70pc target, due to industrial and services sector slowdowns.
