Islamabad: The government will unveil the National Economic Survey today ahead of the federal budget. The report highlights the country’s economic performance during the outgoing fiscal year and outlines key development priorities for 2026-27.
According to details available before the official release, the National Economic Survey estimates GDP growth at nearly 3.8 percent. Several sectors supported economic expansion. Manufacturing, construction, and industrial activities recorded notable improvement throughout the year.
Meanwhile, inflation remained under control compared to previous years. In addition, workers’ remittances reached record levels, strengthening foreign exchange reserves. However, exports grew only modestly, and tax collection increased only slightly.
The National Economic Survey reveals mixed results across major sectors. The production sector exceeded expectations, posting growth of 6.6 percent against a target of 4.7 percent. Likewise, the construction industry achieved 5.7 percent growth, surpassing its target of 3.8 percent.
However, agriculture failed to meet expectations. The sector recorded growth of 2.8 percent compared to the target of 4.5 percent. Cotton ginning remained particularly weak and posted growth of only 0.07 percent against the planned target of 7 percent.
Furthermore, livestock growth reached 3.7 percent against a target of 4.2 percent. On a positive note, chickpea production surged by more than 50 percent during the fiscal year.
The National Economic Survey also highlights challenges in the energy and utilities sector. Electricity, gas, and water supply activities contracted by 10 percent despite a positive growth target of 3.5 percent. Similarly, the real estate sector recorded growth of 3.6 percent, falling short of its target.
For the upcoming fiscal year, the government plans to increase development spending. Proposed allocations include Rs602 billion for infrastructure, Rs355.9 billion for communications, and Rs116 billion for energy projects.
The National Economic Survey further indicates that authorities will prioritize infrastructure, transportation, and energy schemes in the next budget to support long-term economic growth and improve development outcomes nationwide.
