SBP Revises FY2026 GDP Growth Upward to 4.75% Amid Strengthening Economic Momentum.

January 28, 2026

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SBP Governor Jameel Ahmad at a press conference announcing the upward revision of Pakistan's GDP growth forecast for FY2026 and record-high foreign exchange reserves.

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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Muneeba

Muneeba Zaman is a Karachi-based digital content creator and social media specialist. She creates business, tech, AI, and digital marketing content for Headline Recorder, with a focus on clear storytelling, brand consistency, and creative direction.

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SBP Revises FY2026 GDP Growth Upward to 4.75% Amid Strengthening Economic Momentum.