Pakistan GDP Growth Rate 2025-26 Revised to 3.65%: Every Quarter, Sector and Per Capita Income (PBS)

Short answer: Pakistan's GDP grew 3.65 per cent in 2025-26, not the 3.70 per cent first reported. The Pakistan Bureau of Statistics (PBS) revised it at the National Accounts Committee meeting of 19 October 2026. Growth was 3.89, 4.31 and 4.42 per cent in the first three quarters, then slowed to 2.0 per cent in April to June.

The same meeting cut income per person to $1,896, or Rs 531,897, and put the size of the economy at $450.4 billion. We read the PBS press release for the 118th meeting and its quarterly report on 24 October. Below are every quarter, every sector, what changed from the first estimate and how to check the numbers yourself on the PBS site.

GDP growth for 2025-26 is now 3.65 per cent

The National Accounts Committee approved updated growth of 3.65 per cent for 2025-26, down from the provisional 3.70 per cent. It also revised 2024-25 growth to 3.11 per cent from 3.18 per cent. These are real growth rates, which means price changes are removed.

The committee approves Pakistan's official GDP estimates. The Secretary of the Ministry of Planning, Development and Special Initiatives chaired this meeting at PBS headquarters in Islamabad. The 118th meeting also folded revised import data for 2020-21 to 2024-25 into the accounts, which changed some older growth rates.

The first estimate of 3.70 per cent and per capita income of $1,901 are explained in Pakistan's GDP growth and income per person for 2025-26. Those were the figures until 19 October.

Growth was strong for nine months, then slowed to 2.0 per cent

Quarterly growth in 2025-26 was 3.89 per cent in July to September, 4.31 per cent in October to December and 4.42 per cent in January to March. It then slowed to 2.0 per cent in April to June. PBS says the slowdown reflects a very high base of 6.07 per cent a year earlier.

Q2 and Q3 were revised up, mainly because crop figures came in better. Q1 was trimmed slightly. The fourth quarter is a first estimate and may itself change at the next meeting.

Agriculture was revised up, industry and services down

For the full year, agriculture now shows 3.50 per cent growth, up from 2.89 per cent. Industry is 3.34 per cent, down from 3.51 per cent, and services 3.81 per cent, down from 4.09 per cent. So the farm sector did better than first thought, and the rest slightly worse.

Within agriculture, important crops grew 1.59 per cent, helped by wheat and maize. Other crops grew 4.28 per cent, with PBS naming higher output of pulses, fruit, tomatoes, oilseeds and green fodder. Livestock grew 3.71 per cent, forestry 10.80 per cent and fishing 1.39 per cent.

Large scale manufacturing was cut to 5.01 per cent from 6.11 per cent. Construction rose to 6.30 per cent, while electricity, gas and water shrank 10.24 per cent. Recent factory data is in large scale manufacturing for August 2026.

In services, information and communication grew 9.53 per cent and finance and insurance 4.23 per cent. Wholesale and retail trade was revised down to 2.37 per cent from 3.71 per cent, which PBS links to lower manufacturing and imports.

Industry shrank 4.70 per cent in the last quarter

In April to June 2026, industry contracted 4.70 per cent, against growth of 20.0 per cent a year earlier. Electricity, gas and water fell 33.19 per cent, which PBS puts down to lower subsidies, a high deflator and a base effect of 123.03 per cent.

Agriculture grew 3.71 per cent and services 3.62 per cent in the quarter. Not every part of industry was weak either. Mining and quarrying grew 8.90 per cent, construction 3.52 per cent and large scale manufacturing 0.41 per cent in the quarter. The utilities line alone turned the industry figure negative.

For a household, a 2 per cent quarter does not mean incomes fell. It means the economy produced 2 per cent more than in the same months of 2025, against a very strong comparison.

The economy is $450.4 billion and income per person $1,896

PBS puts the size of the economy at Rs 126.4 trillion, or $450.4 billion, for 2025-26. That is up from Rs 114.9 trillion, or $408.7 billion, the year before. Per capita income is Rs 531,897, or $1,896.

The earlier figure was $1,901, or Rs 533,624. So the revision cut income per person by $5 or Rs 1,727, by our arithmetic. In dollar terms the economy grew 10.2 per cent over the year, but much of that reflects prices and the exchange rate, not real output.

For the current year, 2026-27, the main lenders have published their own growth forecasts, including the IMF's October 2026 outlook for Pakistan and the World Bank's forecast for 2026-27. Those forecasts are theirs, not PBS figures.

How to check Pakistan's GDP figures yourself

You can read every number above on the PBS website, free, in a few minutes. The press release gives the headline figures, and the quarterly report gives every sector by quarter. Use the steps below.

1. Open pbs.gov.pk and look at the latest releases list on the home page.
2. Click "National Accounts Committee (NAC) Meeting", dated 19 October 2026.
3. Open the press release for the 118th meeting for the yearly figures, economy size and per capita income.
4. Open the QNA release for Q4 2025-26 for quarterly growth by sector.
5. Download the Excel tables if you need the rupee values behind each growth rate.

Remember that the first estimate of any quarter is provisional. PBS revised all three earlier quarters at this meeting, so the 2.0 per cent for Q4 can change too.

Common questions

What is Pakistan's GDP growth rate for 2025-26?

It is 3.65 per cent, as revised by the National Accounts Committee on 19 October 2026. The first estimate was 3.70 per cent.

What is Pakistan's per capita income in 2026?

Per capita income for 2025-26 is $1,896, or Rs 531,897, according to PBS. It was earlier put at $1,901.

How big is Pakistan's economy?

The economy was Rs 126.4 trillion, or $450.4 billion, in 2025-26. It was $408.7 billion in 2024-25.

Why was growth only 2 per cent in the fourth quarter?

PBS points to a very high base of 6.07 per cent in the same quarter of 2024-25 and a 33.19 per cent fall in electricity, gas and water output.

What was GDP growth in 2024-25?

It is now 3.11 per cent, revised from 3.18 per cent. Industry grew 5.46 per cent that year.

Can these figures change again?

Yes. PBS revises earlier quarters and years when new data arrives. The fourth quarter figure is a first estimate.

How we verified this

What we checked, where we read it, and what we could not confirm.

We read the PBS page on the National Accounts Committee meeting, the press release for the 118th meeting and the QNA release for Q4 2025-26 on 24 October 2026. All growth rates, sector figures, economy size and per capita income are from those documents. The change in per capita income and the dollar growth of the economy are our own arithmetic. We did not check the Excel tables line by line.