Pakistan’s economy expands to $452bn as GDP grows 3.99% in Q3 FY26

Pakistan’s economy grew by 3.99% year-on-year in the third quarter of fiscal year 2025-26, with industry emerging as the key driver, according to data released by the National Accounts Committee (NAC) on Wednesday.

The latest figures, compiled by the Pakistan Bureau of Statistics, overall GDP for Q1 and Q2 for FY 2025-26 have witnessed revised upward growth of 3.92% and 4.05%, as compared to 3.63% and 3.89% estimated in the 116th NAC meeting.

Meanwhile, the final and revised growth rates for FY 2023-24 and FY 2024-25 were 2.62% and 3.18%, respectively.

During the third quarter, the growth in agriculture, industry and services stood at 3.01%, 4.65% and 4.18% respectively.

During Q3, all constituents in agriculture posted positive growth, i.e. important crops (1.10%), other crops (2.27%), livestock (3.70%), forestry (1.62%) and fishing (1.37%).

Pakistan’s economy grows 3.89 pct in Q2 FY26, industry leads expansion

Despite witnessing contraction in mining & quarrying (-2.55%) and electricity, gas and water supply (-13.53%), the industry has provisionally grown by 4.65% mainly due to large-scale manufacturing (9.53%).

The construction industry has posted a modest growth of 0.48% due to high growth, i.e. 14.27% during Q3 last year.

The overall growth in services is 4.18% during Q3 2025-26 with all the constituents contributing positively i.e. wholesale & retail trade (4.13%), transportation & storage (2.02%), information and communication (9.78%), finance & insurance activities (2.90), public administration and social security (8.88%) education (4.14%), health & social work (4.07%) and other private services (3.35%).

The NAC also approved the provisional growth of GDP at 3.70% during the ongoing FY 2025-26. The provisional growth rates in agriculture, industry and services were 2.89%, 3.51% and 4.09% respectively.

Overall economy

Moreover, on the basis of the latest figures of the national accounts aggregates for FY 2025-26, the overall size of the economy stands at Rs126.9 trillion, i.e. $452.1 billion, as compared to Rs114.0 trillion, i.e. $408.2 billion.

Further, based on the population projection of the 2023 Census, per capita income in Rupees is 533,629/-, i.e. $1901/-.