Pakistan’s GDP has been revised upward to 3.04% for the fiscal year 2024–25, according to the National Accounts Committee (NAC). The updated estimate marks an improvement from the earlier projection of 2.68%, reflecting stronger performance in agriculture, industry, and services.
The NAC approved the revised figures during its 114th meeting, noting that the economy showed a robust 5.66% growth in the fourth quarter. This growth was driven mainly by industrial recovery, steady agricultural output, and expansion in the services sector.
According to official data, Pakistan’s GDP size has reached $407.2 billion, with per capita income increasing to $1,812. The committee said that all major sectors contributed to the positive change.
Agriculture grew by 1.51%, compared to 0.56% earlier. Strong yields in secondary crops like fruits, vegetables, and tobacco helped offset a 13% decline in major crops. Livestock, forestry, and fishing also showed modest but stable growth.
The industrial sector recorded a solid 5.26% increase, driven by improvements in large-scale manufacturing, mining, and utilities. Electricity, gas, and water supply grew 28.5%, while construction expanded 6.6%. Small-scale manufacturing rose nearly 9%, compensating for a minor drop in large-scale production.
The services sector grew by 3%, supported by finance, communication, public administration, and education. Finance and insurance rose 3.9%, while information and communication expanded 5.9%. Public administration and social services saw nearly 10% growth, reflecting improved government activity.
The NAC attributed the higher GDP to better data collection, policy consistency, and recovery in key industries. It also acknowledged the collaboration of the Pakistan Bureau of Statistics, Ministry of Finance, and State Bank of Pakistan in preparing the updated accounts.
Overall, Pakistan’s economy grew in real terms to Rs113.7 trillion in FY2025 from Rs105.2 trillion last year, signaling cautious optimism for the future.
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