The government of Pakistan has fixed economic objectives for Budget 2025-26 budget, ARY News reported on Monday quoting sources.
According to details, the government has fixed Pakistan’s economic growth objective at 4.2% in the coming fiscal year.
As part of overall macroeconomic planning, the inflation level is suggested to be limited at 7.5%, indicating a defensive but optimistic fiscal management strategy in the face of domestic and international economic challenges.
They also added, the farm sector is likely to be a major driver of growth, with a suggested development of 4.5% in budget 2025-26 budget. In this sector, major crops are anticipated to increase by 6.7%, while the production of cotton is set to increase by 7%.
Livestock and forestry industries have been set growth rates of 4.2% and 3.5%, respectively, while fisheries are to grow by 3% in budget 2025-26.
As far as the industrial sector is concerned, a growth rate of 4.3% has been mooted. Amongst this, large-scale industry will grow at a rate of 3.5%, while small-scale industries are estimated to grow heavily at 8.9%.
The mining industry is expected to increase by 3%, construction by 3.8%, and the electricity, gas and water supply industry by 3.5 per cent in budget 2025-26.
Wholesale and retail trade is likely to grow by 3.9%, whereas transport and communications are likely to expand by 3.4%.
Hospitality and food services industry is expected to grow at 4.1%, information and communication at 5%, and financial services at 5%.
The target of real estate sector has been fixed at 4.2% while public administration is expected to rise by 3%. Education and health services are expected to increase by 4.5% and 4% respectively in budget 2025-26.
On the investment side, the overall investment-GDP ratio has been suggested at 14.7%, of which public investment would be 3.2% and private investment would be 9.8%. National savings are estimated at 14.3% of GDP.
