Pakistan’s economy has shown stronger-than-expected performance, as the government revised the country’s GDP growth rate for FY2025 to 3.04%, compared to the earlier estimate of 2.68%. The upward revision was driven by a robust 5.66% growth recorded in the fourth quarter, reflecting improved performance in key economic sectors. The National Accounts Committee (NAC) approved the revised figures during its 114th meeting held in Islamabad, marking a significant boost to economic confidence.
The country’s total economic output is now valued at $407.2 billion, while per capita income has risen to $1,812, signaling gradual economic recovery and stronger productivity. The committee also approved updated growth figures for the first three quarters of FY2025, revising Q1 from 1.37% to 1.80%, Q2 from 1.53% to 1.94%, and Q3 from 2.40% to 2.79%. These revisions reflect improved performance in industrial and service sectors, which contributed to the steady economic rebound.
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Moreover, the economy displayed remarkable resilience during Q4, with agriculture, industry, and services growing by +0.18%, +19.95%, and +3.72%, respectively. Despite a decline of -17.55% in major crops, the agriculture sector gained momentum through higher output in other crops such as green fodder, onions, and mangoes, which grew by 14.2%, 12.6%, and 26.4%. Livestock, forestry, and fishing also posted positive growth, showcasing diversification in agricultural activity.
The industrial sector’s performance was particularly encouraging, posting a strong rebound of +19.95% compared to a contraction of -3.06% in the same period last year. The electricity, gas, and water supply industries registered exceptional growth of +121.38%, supported by increased subsidies, lower deflator effects, and a favorable comparison with last year’s low base. Mining, quarrying, and large-scale manufacturing also recorded steady gains, indicating rising industrial momentum and improved capacity utilization.
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In addition, the NAC revised the previous year’s growth rate for FY2024 to 2.58% from 2.51%, reflecting better performance in the industrial and service sectors. The industrial growth rate improved from -1.37% to -1.19%, mainly due to adjustments in the energy sector, while services rose from 2.19% to 2.25% on the back of stronger transportation and storage activities. Overall, the revised 3.04% GDP growth highlights Pakistan’s gradual but steady economic recovery, supported by structural reforms, improved production, and stable macroeconomic management.