ISLAMABAD: The government has revised Pakistan’s economic growth rate for the ongoing fiscal year (FY25) to 3.04%, up from the earlier estimate of 2.68%, The News reported.
According to updated data, the economy recorded a strong 5.66% growth in the fourth quarter (April–June), which helped lift the overall annual rate.
The revised figures were approved during the 114th meeting of the National Accounts Committee (NAC) held in Islamabad on Wednesday. With this revision, Pakistan’s economic size now stands at $407.2 billion, while per capita income has increased to $1,812.
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The agriculture sector grew by 0.18%, with a decline in major crops (-17.55%) offset by strong gains in other crops (+17.99%) such as green fodder, onions, and mangoes. Livestock, forestry, and fishing also posted positive growth.
The industrial sector showed an impressive 19.95% growth, reversing last year’s negative trend. This jump was mainly driven by a massive rise in the electricity, gas, and water supply industry (+121.38%) due to higher subsidies and the low base effect. The services sector grew by 3.72%, with transportation and storage contributing to the improvement.
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GDP growth for earlier quarters was also revised upward:
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Q1: from 1.37% to 1.80%
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Q2: from 1.53% to 1.94%
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Q3: from 2.40% to 2.79%
For the previous fiscal year (FY2024), the overall GDP growth was revised from 2.51% to 2.58%. Agriculture remained at 6.40%, industry improved slightly, and services rose to 2.25%.
The revised data reflects steady economic recovery, especially in industrial output, and highlights cautious optimism for Pakistan’s growth outlook moving forward.