Pakistan's FY26 GDP growth revised down to 3.65%, economy reaches $450.4 billion, per capita income at $1,896

Profit reported that Pakistan's economy grew by 3.65% in FY2025-26, a touch under the prior projection of 3.70%, after the National Accounts Committee approved revised figures on October 19. The committee's 118th meeting, held at the Pakistan Bureau of Statistics in Islamabad, also trimmed FY2024-25 growth to 3.11% from 3.18%. The economy reached Rs126.4 trillion, or $450.4 billion, in FY26, with per capita income at Rs531,897, equivalent to $1,896.

The April-June quarter posted 2% growth, down from 6.07% a year earlier, as industrial activity fell 4.70%. The electricity, gas and water supply segment shrank 33.19%, a decline the committee linked to reduced subsidies, a high deflator and a base effect of 123.03% from the previous year. Other industrial segments grew, with mining and quarrying up 8.90%, large-scale manufacturing up 0.41% and construction up 3.52%.

For the full year, agriculture was revised up to 3.50% from 2.89%, while large-scale manufacturing was cut to 5.01% from 6.11%, even though automobile output rose 57.77%. Services growth moved down to 3.81% from 4.09%, with wholesale and retail trade easing to 2.37%. Information and communication, by contrast, climbed to 9.53%. For FY25, agriculture, industry and services growth were trimmed to 1.32%, 5.46% and 3.13%.