By Farooq Awan

Major international financial institutions and rating agencies have projected moderate economic growth for Pakistan in fiscal year 2025–26, while the State Bank of Pakistan (SBP) has estimated a higher growth range, according to the Economic Infographics report issued by the Institute of Cost and Management Accountants of Pakistan (ICMA).

The International Monetary Fund (IMF) has projected Pakistan’s GDP growth at 3.1% for FY2025–26. The World Bank has estimated growth at 3.2%, while the United Nations has projected a rate of 3.5% for the same fiscal year.

The Asian Development Bank (ADB) has projected Pakistan’s growth at 3.0% for FY2025–26. ICMA International has estimated economic growth at 3.5%, and Moody’s Ratings has also projected a growth rate of 3.5%. In contrast, the State Bank of Pakistan has provided a higher growth range estimate of 3.75% to 4.75% for FY2025–26.

These projections reflect assessments by multilateral institutions, international organizations, rating agencies, and domestic institutions regarding Pakistan’s economic outlook for the upcoming fiscal year.

The data compiled in the ICMA Economic Infographics presents these projections in a comparative format, showing the estimates provided by each institution for FY2025–26. The report notes that the projections are based on information available from the respective institutions and reflect their published outlook assessments.

The Economic Infographics provides a quarterly snapshot of Pakistan’s macroeconomic indicators for the October–December 2025 period and includes comparative GDP growth projections from various global and domestic institutions.

Credit: INP-WealthPk