Finance Minister Muhammad Aurangzeb is presenting the Pakistan Economic Survey (PES) for FY2025-26.
Addressing a press conference in Islamabad, he said the survey told a story, reflecting the resilience and discipline shown during the previous year.
He said the country began the outgoing fiscal year with uncertainty due to tariffs. “Then, by the end of July, we reached a point where we could be in a competitive position with respect to our exports, especially to the US,” he added.
Then there were floods in August and September 2025, followed by a regional conflict in March this year.
“These challenges tested Pakistan’s resilience,” he said, adding that the government was able to deal with them and remained on the path of moving from stabilisation to growth.
He said GDP growth in FY26 was recorded at 3.7 per cent, further pointing out that global growth had reduced to 3.1pc from 3.7pc due to the factors he elaborated on earlier in the press conference.
The finance minister said that Pakistan had recorded GDP growth of 3.7pc, which was the highest in the past four years. The finance minister recalled that GDP growth in FY2023 was -0.2pc, 2.6pc in FY2024 and 3.2pc in FY2025.
He said it was earlier estimated that GDP growth would exceed 4pc, but it did not happen due to the ongoing conflict in the Middle East.
“But having said that, we have still reached a historically high size of the economy at Rs126.9 trillion,” he said.
More to follow
