Islamabad (Lord Media): The federal government has revealed its failure to meet the economic targets for the fiscal year 2025-26. While some goals in remittances and the services sector were achieved, the overall economic growth target of 4.2% was not met, remaining at 3.7%, as predicted by international financial institutions.
Sources indicate that targets for per capita income, agriculture, and the industrial sector were not achieved, although there was an increase in remittances and improved performance in the services sector.
The average annual inflation rate was 7%, slightly below the target of 7.50%, but it surged to 11.66% in May.
The target for per capita income was set at 560,803 Pakistani rupees, but it only reached 533,629 rupees. In U.S. dollars, per capita income increased by 150 dollars to reach 1,901 dollars.
The agricultural sector’s interim performance was 2.89% against a target of 4.5%, while the industrial sector grew by 3.51% compared to the target of 4.30%. The services sector slightly exceeded its 4% target, achieving 4.09%.
In the first eleven months of the fiscal year, remittances stood at 38 billion U.S. dollars, with expectations to reach 41 billion U.S. dollars by the end of June. The export target was 35.3 billion U.S. dollars, but actual exports were 28 billion U.S. dollars, while imports totaled 63 billion U.S. dollars.
