Federal Minister for Planning, Development, and Reforms, Asad Iqbal, stated on Tuesday that Pakistan achieved a 3.71 percent growth rate in Gross Domestic Product (GDP) during the first quarter of the fiscal year 2026.
According to sources, the federal minister mentioned in a social media post that this growth rate is 2.15 percent higher than the corresponding figures for the first quarter of FY 2024-25. He said that this reflects a significant positive shift in the GDP trajectory compared to FY 2024-25. Even more encouraging is that this growth is being driven by the industrial sector, which recorded a growth of 9.38 percent in the first quarter of FY 2025-26, compared to just 0.12 percent in the same quarter of FY 2024-25.
He further noted that this progress should not be overlooked, as it has been achieved despite the shocks of the 2025 floods, fiscal constraints, removal of energy subsidies, and the impact of food inflation.
According to estimates released by the Pakistan Bureau of Statistics in October, Pakistan recorded a GDP growth rate of 3.04 percent during FY 2025. This growth exceeded the 2.68 percent estimate set by the National Accounts Committee (NAC) in its previous meeting.
Sources stated that, according to the NAC, the total size of the economy in FY 2025 was Rs113.7 trillion (equivalent to $407.2 billion), compared to Rs105.2 trillion ($371.8 billion) in the previous year. Furthermore, NAC data indicates that per capita income stands at Rs506,188, or $1,812.
