ISLAMABAD, June 11 (Xinhua) -- Pakistan's economy expanded by 3.7 percent in the fiscal year 2025-26, reaching a record size of 452.1 billion U.S. dollars, Finance Minister Muhammad Aurangzeb said on Thursday while presenting the Pakistan Economic Survey 2025-26.
Speaking at a press conference here, the minister said the economy remained on a path "from stabilization to growth" despite challenges including floods, regional tensions and global economic uncertainty.
According to the survey, Pakistan's gross domestic product rose to 126.9 trillion rupees (about 452.1 billion dollars), while per capita income increased to 1,901 dollars from 1,751 dollars a year earlier.
The survey showed that agriculture grew by 2.89 percent, industry by 3.51 percent and services by 4.09 percent during the fiscal year.
Manufacturing activity rebounded strongly, with the sector expanding by 6.6 percent and large-scale manufacturing growing by 6.1 percent, supported by improved macroeconomic conditions, a stable exchange rate and lower inflationary pressures.
Pakistan's fiscal position also improved, with the fiscal deficit narrowing to 0.7 percent of GDP during July-March FY2025-26, compared with 2.6 percent in the same period a year earlier. The primary surplus increased to 3.2 percent of GDP.
The country's external sector remained resilient, posting a current account surplus of 72 million dollars during the first nine months of the fiscal year, while workers' remittances rose 8.2 percent year on year to 30.3 billion dollars.
The survey attributed the economic recovery to fiscal consolidation, structural reforms, stronger external accounts and improving investor confidence, helping Pakistan maintain growth momentum amid a challenging global environment. ■
