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Pakistan Cuts FY26 GDP Growth Estimate to 3.65 Percent Amid Slowdown
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News18•20-10-2026, 11:30
Pakistan Cuts FY26 GDP Growth Estimate to 3.65 Percent Amid Slowdown
- •The Pakistan government slightly reduced the gross domestic product growth estimate to 3.65 per cent for the fiscal year 2026, driven by a mild slowdown in the industrial and services sectors.
- •The size of the economy expanded to USD 450.4 billion in FY26 from USD 410.96 billion in FY25, while per capita income rose slightly to USD 1,896.
- •The downward revision aligns closely with projections from major multilateral lenders, as the IMF estimates growth at 3.6 per cent and the World Bank at 3.7 per cent for the same period.
- •Sectoral growth rates for agriculture, industry, and services were revised to 3.50 per cent, 3.34 per cent, and 3.81 per cent respectively during the National Accounts Committee meeting.
Key Questions Answered
The Pakistan government revised its gross domestic product growth down to 3.65 per cent for the 2026 fiscal year due to a mild slowdown in the industrial and services sectors.
The adjustment was attributed to a sluggish pace of recovery and a mild slowdown across the country's industrial and services sectors.
The National Accounts Committee estimate is broadly in line with multilateral lenders, as the IMF projects growth at 3.6pc, the World Bank and Asian Development Bank at 3.7pc, and the State Bank of Pakistan close to 3.7pc.
