Pakistan’s per capita income increased during fiscal year 2025-26, according to official economic data. However, the government failed to achieve most major economic targets.
Per capita income reached Rs 533,629 during the outgoing fiscal year. Nevertheless, the figure remained below the official target of Rs 560,803.
In dollar terms, average income showed stronger improvement. It increased from $1,751 in FY25 to $1,901 in FY26.
Despite this progress, several key sectors underperformed against official projections. Consequently, economic growth remained below expectations.
Growth, Exports and Agriculture Fall Short
Pakistan’s economy expanded by 3.7 percent during FY26. However, the government had targeted growth of 4.2 percent.
Inflation averaged 7 percent during the first eleven months. Therefore, it remained below the annual target of 7.5 percent.
The agriculture sector grew by 2.89 percent against a target of 4.5 percent. Similarly, industrial growth reached 3.51 percent compared with the 4.3 percent goal.
The services sector delivered a stronger performance than expected. It expanded by 4.09 percent against a target of 4 percent.
Workers’ remittances continued supporting economic stability throughout the year. They increased 9 percent to $38 billion during eleven months.
Meanwhile, authorities expect remittances to reach $41 billion by June. Exports, however, remained significantly below target levels.
Goods exports reached $28 billion against the annual goal of $35.3 billion. Imports climbed to $63 billion, nearing the full-year target.
Manufacturing and Construction Show Strength
Several sectors performed better than expected despite broader challenges. Manufacturing recorded growth of 6.6 percent against a 4.7 percent target.
Large-scale manufacturing expanded by 6.1 percent during the fiscal year. Construction activity also exceeded expectations with 5.7 percent growth.
In agriculture, wheat, rice and sugarcane production posted gains. However, cotton and maize production declined during the year.
Overall, the Economic Survey showed improving incomes and record remittances. Nevertheless, Pakistan fell short of most growth and development targets for FY26.
