SBP - Banking Sector / Federal Board of Revenue

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Pakistan's GDP growth for FY26 to remain above govt estimate, says SBP chief​

• Workers' remittances estimated to hit above $41.5bn

July 3, 2026
Salman Siddiqui
B Recorder

State Bank of Pakistan (SBP) Governor Jameel Ahmad on Friday projected that the country’s economic growth will be higher than the government’s provisional growth number at 3.7% for FY26.

Speaking at a press conference, Ahmad said that the country’s GDP growth is expected to be around 3.75-4.75% in FY26.

“Earlier, we expected GDP growth of over 4%, but due to the ongoing Middle East crisis, the growth is expected to be lower than that,” he said.

 

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During FY 2026, Pakistan’s foreign exchange reserves, held by the central bank, surged to $18.4 billion, up from $13 billion registered FY 2025.

“The FX has increased despite a debt repayment of $8 billion in June alone,” he said.