Post Budget 2025-26 (Facts & Figures)

Pakistan budget for 2025-26 highlights*
The government of Pakistan presented the budget for FY2025-26, targeting a modest 4.2 percent growth for FY26, compared to 2.7 percent expected in the outgoing FY2025.
Growth targeted at 4.2 percent in FY2026	Inflation expected at 7.5 percent in coming fiscal year	Total outlay targeted at Rs17.6 trillion, down 7 percent or Rs1.3 trillion as compared to Rs18.9 trillion budgeted outlay of FY2026	FBR revenue projected at Rs14.13 trillion, up 18.7 percent from outgoing fiscal year
Budget deficit proposed at 3.9 percent and primary surplus at 2.4 percent of gross domestic product (GDP)	Federal non-tax revenue projected at Rs5.15 trillion	Rs1 trillion allocated for Public Sector Development Programme (PSDP)	Interest expense of Rs8.207 trillion for FY2026 projected, down 8 percent YoY from FY2025 level of Rs8.9 trillion
Agriculture, industrial and services expected to post growth of 4.5 percent, 4.3 percent and 4 percent, respectively in FY2026	Rs2.55 trillion for defence spending	Rs1.05 trillion for pensions	Rs1.19 trillion for subsidies in energy and other sectors
Rs716 billion for Benazir Income Support Programme (BISP), up by 21 percent	Rs39.5 billion allocated for Higher Education Commission	Rs4.8 billion for science and technology	Super tax rates under section 4C proposed to be reduced by half a percentage point for income slabs between Rs200 million to Rs500 million against each slab respectively
Govt removed FED of 7 percent and reduced Advance Tax by 150bps on immovable property	No change in capital gain or dividend tax on stocks	No change in FED on Fertilizer and Pesticide	18 percent tax proposed on solar panels
Reduced rate of 12.5 percent on autos below 850cc removed. Normal tax of 18 percent likely to be applied	Carbon tax of Rs2.5/liter imposed on petrol, diesel and furnace oil for FY26	Govt proposed to bring down existing 5 percent slab to applicable on income between Rs60k-120k per month to 1 percent. While in subsequent 2 slabs rates (ppts) have reduced from 15 percent to 11 percent, and from 25 percent to 23 percent. The surcharge was reduced from 10 percent to 9 percent.
*Different sources

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GDP of Pakistan (at constant basic prices of 2015-16)(Rs. Million)
S. No	Sector/Industry	2022-23	2023-24	2024-25
	GDP Growth Rate (percent)	-0.21	2.51	2.68
A	Agriculture, Forestry and Fishing (1 to 4)	8,975,069	9,549,541	9,602,693
	1. Crops ( i+ii+iii)	3,047,425	3,377,987	3,147,561
	i) Important Crops	1,689,304	1,977,942	1,711,021
	ii) Other Crops	1,271,187	1,272,054	1,332,902
	iii) Cotton Ginning	86,934	127,991	103,638
	2. Livestock	5,587,106	5,831,991	6,107,274
	3. Forestry	217,372	215,428	221,966
	4. Fishing	123,166	124,135	125,892
B	Industrial Activities ( 1 to 4 )	7,133,708	7,036,211	7,372,123
	1. Mining and Quarrying	630,143	604,790	584,329
	2. Manufacturing ( i+ii+iii)	4,608,423	4,748,114	4,811,843
	i) Large Scale	3,269,760	3,300,544	3,249,939
	ii) Small Scale	838,794	914,697	995,259
	iii) Slaughtering	499,869	532,873	566,645
	3 Electricity, Gas and Water supply	1,016,276	814,482	1,049,676
	4. Construction	878,866	868,825	926,275
	Commodity Producing Activities (A+B)	16,108,777	16,585,752	16,974,816
C	Services ( 1 to 10)	22,651,994	23,147,841	23,821,888
	1. Wholesale & Retail trade	7,034,557	7,266,955	7,276,768
	2. Transportation & Storage	4,132,065	4,194,275	4,286,432
	3. Accommodation and Food Services Activities (Hotels & Restaurants)	563,348	586,418	610,198
	4. Information and Communication	1,118,252	1,166,510	1,242,139
	5. Financial and Insurance Activities	658,921	575,007	593,518
	6. Real Estate Activities (OD)	2,237,142	2,320,700	2,407,706
	7. Public Administration and Social Security (General Government)	1,722,958	1,602,234	1,761,167
	8. Education	1,133,051	1,238,727	1,293,573
	9. Human Health and Social Work Activities	657,046	679,014	704,222
	10. Other Private Services	3,394,654	3,518,001	3,646,165
D	GDP (Total of GVA at bp (A+B+C))	38,760,771	39,733,593	40,796,704
E	Taxes	2,672,001	2,749,577	3,868,174
F	Subsidies	632,838	466,788	636,326
G	GDP at mp (GVA+T-S)	40,799,934	42,016,382	44,028,552
H	Net Primary Income (NPI)	3,235,842	3,193,525	4,137,478
I	Gross National Income	44,035,776	45,209,907	48,166,030
J	GDP (at Current Market Prices)	83,650,830	105,142,731	114,691,813