SBP Revises FY2026 GDP Growth Upward to 4.75% Amid Strengthening Economic Momentum.
The State Bank of Pakistan (SBP) has significantly revised its GDP growth forecast for
SBP Governor Jameel Ahmad projects an optimistic economic outlook with GDP growth rising up to 4.75% and forex reserves targeting $20.2 billion.
The State Bank of Pakistan (SBP) has significantly revised its GDP growth forecast for FY2026, raising it from a previous estimate of 3.25% to a more ambitious range of 3.75% to 4.75%. This positive adjustment is backed by robust industrial growth and a revitalized agricultural sector, with high-frequency indicators such as automobile sales and fertilizer off-take showing notable improvement.
Governor Jameel Ahmed also projected a historic surge in foreign exchange reserves, which are expected to touch $20.2 billion by December 2026, providing a solid cushion for the national economy. This target, once achieved, would mark an all-time high for SBP reserves, approaching the global benchmark of three months of import cover.
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