
An undated image. — iStock
With the federal budget for fiscal year 2025-2026 around the corner, scheduled to be announced on June 10, the Pakistan Economic Survey will be launched in a ceremony.
Federal Minister for Finance and Revenue Muhammad Aurangzeb will chair the launching ceremony of the Economic Survey for the outgoing fiscal year at 2:30pm tomorrow.
The survey will highlight the economic gains and losses experienced during FY25.
Federal budget 2025-26
For FY 2024-25, agriculture is expected to grow by only 0.56% due to a significant decline in major crops.
Wheat output dropped 8.91% to 28.98 million tons, maize by 15.4% to 8.24 million tons, rice by 1.38%, sugarcane by 3.88%, and cotton by a steep 30.7% to 7.08 million bales.
Budget 2026 Pakistan
The industrial sector is projected to grow by 4.77%, supported by a strong recovery in electricity, gas and water supply (28.88%), due to a low base from the previous year.
Construction activity rose 6.61%, while large-scale manufacturing contracted by 1.53%. Within manufacturing, mixed trends were observed with strong growth in automobiles (40%), tobacco (13.12%), and textiles (2.15%), but double-digit declines in chemicals, metals, and electrical equipment.
To note, the size of Pakistan’s economy has now reached Rs114.7 trillion (US$ 410.96 billion) in FY 2024-25, up from Rs.105.1 trillion (US$ 371.66 billion) last year.
Per capita income hiked to Rs509,174 or US$ 1,824. However, this figure is subject to revision once updated population projections based on the 2023 census are incorporated.
Pakistan’s economy is projected to grow by 2.68% in the ongoing fiscal year 2024-25, against earlier projections of 3.6%.
As the government prepares to disclose Pakistan's budget 2026 plans, stakeholders and industry insiders are keeping a close watch on these developments.