Govt Likely to Approve Crucial Economic Targets for Next Fiscal Year Today

The federal government has proposed an economic growth target of 4.2 percent and an inflation cap of 7.5 percent for the upcoming fiscal year 2025-26, according to an official budget document seen by ProPakistani. Final approval of macroeconomic targets is expected at the Annual Plan Coordination Committee (APCC) meeting being held today. In the agriculture sector, overall growth has been proposed at 4.5 percent. Major crops are expected to grow by 6.7 percent, while cotton is targeted to grow by 7 percent. Livestock growth is projected at 4.2 percent, forestry at 3.5 percent, and fisheries at 3 percent. In the industrial sector, growth is projected at 4.3 percent. Manufacturing is expected to expand by 4.7 percent, with large-scale manufacturing growing by 3.5 percent and small-scale industry by 8.9 percent. Construction sector growth is proposed at 3.8 percent, while electricity, gas and water supply is projected to grow by 3.5 percent. Mineral development is targeted at 3 percent. The services sector is projected to grow by 4 percent. Within this, wholesale and retail trade is expected to grow by 3.9 percent, transport and communication by 3.4 percent, and hotel and food services by 4.1 percent. Growth in the information sector and the finance and insurance segment is projected at 5 percent each, while the real estate sector is expected to grow by 4.2 percent. Government services are projected to grow by 3 percent, education by 4.5 percent, and health and social services by 4 percent.