A day before the federal budget was published, Finance Minister Muhammad Aurangzeb revealed the annual Economic Survey on Thursday, stating that the size of Pakistan’s economy has surpassed $452 billion, with per capita income rising 9% to $1,901.
The demand for cement rose by 10%, while the services sector expanded by 4.9%. Growth in large-scale manufacturing reached 6.1%, the highest level in four years. During the year, sixteen of the twenty-two industrial sectors in the nation saw growth. This year, remittances are predicted to surpass $41 billion.
The State Bank anticipates that foreign exchange reserves will surpass $18 billion by the end of June, having already surpassed $17 billion. The total amount of foreign exchange reserves was $22.6 billion. Fertilizer sales increased by 17%, contributing to the agriculture sector’s 2.89% growth. 60% of the agricultural industry consists of dairy and cattle.
The primary balance was still in surplus, while the fiscal deficit was 0.7% of GDP. Revenues at the Federal Board of Revenue (FBR) rose by 10.1%, while the current account showed a $72 million surplus. In just a few years, the tax base has grown from Rs. 7 trillion to Rs. 13 trillion. Tax revenue increased by 40% throughout the previous two years, while FBR revenues increased by 46% in June 2026. The amount of credit from the private sector was $11.57 billion.
Also Read:
Suraj Puthane | AI-Driven Business Oversight For Modern Owners
Bassel Babbili’s Journey To Shaping Modern Real Estate Advisory
About Author
