Islamabad (Commerce Desk) The National Accounts Committee has approved the third-quarter and annual economic estimates for the fiscal year 2025-26, setting important targets for the growth rate of Gross Domestic Product (GDP).
According to details, the revised growth rate for the first quarter of fiscal year 2025-26 was recorded at 3.92 percent, while the second quarter posted a growth rate of 4.05 percent. In the third quarter, the economy grew at a rate of 3.99 percent, with the agriculture sector expanding by 3.01 percent, the industrial sector by 4.65 percent, and the services sector by 4.18 percent.
According to the committee, the final growth rate for fiscal year 2023-24 remained at 2.62 percent, while the revised growth rate for fiscal year 2024-25 has been set at 3.18 percent, up from the earlier estimate of 3.06 percent.
For fiscal year 2025-26, the GDP growth rate has been approved at 3.70 percent, with the agriculture sector projected to grow by 2.89 percent, the industrial sector by 3.51 percent, and the services sector by 4.09 percent.
According to the data, the size of the national economy has increased to 452.1 billion US dollars, while per capita income has been recorded at 1,901 dollars, showing a significant rise compared to 408.2 billion dollars last year.
In the agriculture sector, improvements were observed in major crops, livestock, forestry, and fisheries, while increased production of wheat, rice, and sugarcane was recorded. The industrial sector showed overall growth of 3.51 percent, including a 6.11 percent increase in large-scale manufacturing.
Although some decline was seen in certain energy and mining sectors, improvements in construction, financial services, and insurance supported overall industrial and services growth.
The services sector grew by 4.09 percent, with positive performance observed in wholesale trade, transportation, information technology, finance, education, and health sectors.
