Pakistan’s economy recorded a growth rate of 3.04 percent in fiscal year 2024-25, an improvement from the earlier estimate of 2.68 percent, according to revised figures approved by the National Accounts Committee (NAC). The country’s overall economic size has expanded to $407.2 billion, while per capita income rose to $1,812.
The NAC, in its 114th meeting chaired by the Secretary for Planning, Development, and Special Initiatives, finalized the revised quarterly and annual growth data.
The committee reported that GDP growth stood at 1.80 percent in the first quarter, 1.94 percent in the second, 2.79 percent in the third, and a strong 5.66 percent in the fourth quarter, reflecting an upward economic momentum toward the end of the fiscal year.
Sector-wise data revealed mixed performance. The agriculture sector expanded modestly by 1.51 percent, while the industrial sector recorded a notable 5.26 percent increase, and the services sector grew by 3 percent.
Within agriculture, major crops saw a sharp decline of 13.12 percent, but other crops grew significantly by 19.55 percent. The output of vegetables, fruits, and tobacco showed double-digit gains, with livestock and forestry rising by 2.94 percent and 2.66 percent, respectively.
The construction sector grew by 6.63 percent, indicating renewed activity in infrastructure development. Meanwhile, electricity, gas, and water supply posted an exceptional 28.53 percent surge, showing strong recovery in the energy sector.
In services, financial and insurance activities grew by 3.9 percent, public administration and social protection by 9.88 percent, education by 4.13 percent, and health services by 3.56 percent.
The NAC appreciated the collective efforts of the National Accounts team, the Planning Ministry, the Finance Ministry, and the State Bank of Pakistan for their contribution to the comprehensive data review and compilation process.
