ISLAMABAD: Pakistan’s growth trajectory has been passing through a persistent phase of stagflation under the International Monetary Fund (IMF) programme as the country has achieved a GDP growth rate of 3.7 percent against the envisaged target of 4.2 percent for the current fiscal year. However, CPI-based inflation has rebounded and entered double digits on a monthly basis in the aftermath of a hike in fuel prices, resulting from the Gulf War.
The size of Pakistan’s economy has increased to $452.1 billion in FY2025-26, up from $408 billion in 2024-25. Meanwhile, the per capita income stands at $1,901 in FY26, compared to $1,824 in FY25. The GDP growth rate has surpassed the population growth rate by 2.6 percent. The National Accounts Committee (NAC) held its 117th meeting under the chairmanship of Secretary Planning Awais Manzur Sumra here at the Pakistan Bureau of Statistics (PBS) on Wednesday to calculate the provisional growth rate of the outgoing fiscal year 2025-26.
The NAC approves updated growth rates during Q1 and Q2 of 2025-26, which are 3.92 percent and 4.05 percent as compared to 3.63 percent and 3.89 percent. The GDP has shown a provisional growth of 3.99 percent during Q3 FY2025-26.
The final and revised growth rates for FY2023-24 and FY2024-25 are 2.62 percent and 3.18 percent, respectively. The provisional growth rate of GDP for FY2025-26 is 3.7 percent. Out of the provisional growth figure of 3.7 percent for FY26, the NAC approved the provisional growth rates in agriculture, industry and services in the range of 2.89 percent, 3.51 percent and 4.09 percent respectively.
