FLASHNEWS:

Pakistan’s Economic Survey for FY26 Highlights Growth Amid Global Challenges

Islamabad: Pakistan's Economic Survey for the fiscal year 2025-26 has revealed a steady path of macroeconomic stabilization and sectoral recovery, despite external challenges. The survey, presented by the Finance Minister and senior government officials, reports a projected GDP growth of 3.7%, up from the previous year's 3.2%, with agriculture, industry, and services sectors showing positive contributions.

According to JS Global, the survey outlines a resilient external sector bolstered by an 8.2% rise in remittances, amounting to US$30.3 billion, improved ICT exports, stable exchange rates, and an increase in SBP reserves to US$17.1 billion. The current account deficit, however, stood at US$252 million for the first ten months of FY26. Fiscal consolidation efforts saw the fiscal deficit reduce to 0.7% of GDP, while the primary surplus rose to 3.2%, driven by higher revenues and disciplined expenditure.

The Finance Minister emphasized the importance of increasing exports but noted that remittances remain a key structural component of the economy. Inflation rates have significantly decreased from 28% to align with the policy rate of 11.5%, aided by reduced food inflation and lower global energy prices prior to the Middle East conflict.