Addressing a press conference in Islamabad, he said the survey told a story, reflecting the resilience and discipline shown during the previous year.<\/p>\n
He said the country began the outgoing fiscal year with uncertainty due to tariffs. \u201cThen, 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,\u201d he added.<\/p>\n
Then there were floods in August and September 2025, followed by a regional conflict in March this year.<\/p>\n
\u201cThese challenges tested Pakistan\u2019s resilience,\u201d he said, adding that the government was able to deal with them and remained on the path of moving from stabilisation to growth.<\/p>\n
GDP growth
\nHe 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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
\u201cBut having said that, we have still reached a historically high size of the economy at Rs126.9 trillion,\u201d he said.<\/p>\n
The minister said GDP per capita income had reached $1,901, which was $1,751.<\/p>\n
Agriculture
\nGiving a sector-wise breakdown, he said growth in agriculture was recorded at 2.89pc, compared to 1.53pc in the last fiscal year. \u201cThis was despite floods,\u201d he said, adding that the crop sub-sector showed positive growth. After contraction, it was recorded at 1.44pc, the finance minister said.<\/p>\n
He added the livestock sector also \u201ccontinues to go from strength to strength\u201d.<\/p>\n
LSM
\nAurangzeb said 6.1pc growth was recorded in large-scale manufacturing (LSM) in FY26, which was the highest in the last four years. He elaborated that positive growth was seen in 16 of LSM\u2019s 22 sub-sectors.<\/p>\n
\u201cSo it\u2019s not one single sector that is leading or contributing to this 6.1pc turnaround in LSM. It is broadband [growth],\u201d he said.<\/p>\n
He further said that prominent year-on-year growth was witnessed in this sector. \u201cTo give you some examples, there was a 10pc increase in the demand for cement, 17pc for fertiliser, 5pc for petroleum, 31pc for automobiles and 9pc for mobile phones.\u201d<\/p>\n
Services
\nNoting that the services sector made up close to 58pc of Pakistan\u2019s GDP, he said 4.9pc growth was recorded in this sector in the outgoing fiscal year.<\/p>\n
\u201cThis, too, is the highest in the last four years,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
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. \u201cThen, by the end of July, we reached a point where we could be in a competitive position […]<\/p>\n","protected":false},"author":1,"featured_media":18481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"_links":{"self":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/18480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18480"}],"version-history":[{"count":1,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/18480\/revisions"}],"predecessor-version":[{"id":18482,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/posts\/18480\/revisions\/18482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=\/wp\/v2\/media\/18481"}],"wp:attachment":[{"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/weeklyyoung.pk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}